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P2P lending can be a bit insecure, but there's potential for a fairly good return on your investment. In case youre interested you should take the time to educate yourself and ensure you understand all of the details. Peer-to-Peer Lending 101 from Great Financial Cents is an excellent starting point. .
Real estate crowdfunding sites allow you to invest in property without all the headaches that typically go along with owning property. You dont have any of the work, you merely invest and take on some of the risk.
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This is a really common investment because so many people want to invest in real estate but simply dont have the time or desire to become a landlord. Also, in many instances you can begin with a rather modest investment.
REITs (Real Estate Investment Trust) provide another means to invest in property without the hassle of being a landlord. The REIT owns income-producing real estate like office buildings, apartment complexes, shopping malls, or resorts. REITs make it feasible to invest in real estate on a tiny scale, and to earn a share of their income generated. .
There are several different types of REITs. Some are publicly traded on a stock exchange, and some are not. REITs might also be in the kind of mutual funds or ETFs.
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If youre looking for an easy way to start with real estate investing, REITs can be an excellent option.
Of course, another option for investing in real estate would be the excellent old fashion rental property. You can buy a condo, single-family residence , or multi-unit property.
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Owning rental properties can be a great source of income, but whether or not it is really passive will probably depend on a couple of aspects. The more properties you own and the further tenants you manage, the longer you will need to put into it. If you want it to be a passive investment that the best option is to hire a property manager. .
Here's a potentially rewarding passive income source which may be totally new to you. You can add authorized users for your own credit cards (without actually giving them a card or access for your account) and be paid to do it. People that are looking to boost their credit score can get a boost in their score by simply piggybacking off of your payment history.
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If youve never heard of selling/renting tradelines before it probably sounds ridiculous and dangerous. The first concern usually involves putting yourself at risk for adding an authorized user which you dont know and hope. However, the procedure only Read Full Report involves adding the user to your account, the card will be sent to your own address and you can ruin it.
However, there is still some danger involved. The threat involves the possibility of your credit card account being shut by the issuer, because in many cases this will be violating the terms. Its not illegal, however it will violate the terms of the charge card companies, so they may close your account if they know you're doing it. .
Its definitely not for everyone, but some people are making excellent money with hardly any work. If you want to learn more I recommend reading this thread at Mr. Money Mustache for tons of information from a guy who's making a few thousand dollars per month with this and its quite passive. .
One of my favourite, easy ways to make money is by way of credit card bonuses. Many credit cards will provide you a bonus just for signing up and for making a minimum amount of purchases on the card during an introductory period. As an instance, right now Chase is offering a $150 bonus if you sign up for a Chase Freedom Unlimited card and spend $500 on the card within the first 90 days. If youre like me and you make most of your purchases using a credit card, then hitting $500 in 3 months is simple. .
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Now, this isnt something that you can do all the time, but you can sign up for a new credit card or two a year, depending on your situation. Ive made hundreds of bucks all the previous two or three years with this approach.
Don't go overboard. Opening too many new credit accounts in a short period of time can hurt your ability to get credit when you need it.