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P2P lending can be somewhat insecure, but there's potential for a fairly good return on your investment. In case youre interested you should take some time to educate yourself and ensure that you understand all the particulars. Peer-to-Peer Lending 101 from Good Financial Cents is an excellent starting point. .
Real estate crowdfunding websites allow you to invest in real estate without all of the headaches that usually go along with owning property. You dont have any of the job, you merely invest and take on a few of the threat.
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This is a very common investment because so many people want to invest in property but dont have the time or want to be a landlord. Also, in many cases you can begin with a relatively small investment.
REITs (Real Estate Investment Trust) offer another way 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 hotels. REITs make it possible to invest in real estate on a small scale, and also to earn a share of the income generated. .
There are several different types of REITs. Some are publicly traded on a stock exchange, and some are not. REITs may also be in the form of mutual funds or ETFs.
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If youre looking for an easy way to get started with real estate investing, REITs can be an excellent option.
Of course, another option for investing in real estate would be your good old fashion rental property. You could purchase a condo, single-family residence or multi-unit home.
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Owning rental properties can be a fantastic source of income, but if not it is truly passive will depend on a couple of aspects. The click for more more properties you own and the further tenants you manage, the more time you will need to put into it. If you want it to be a passive investment the best option is to hire a property manager. .
Here's a potentially lucrative passive income source which could be totally new to you. You can add authorized users for your credit cards (without really giving them a card or access for your account) and be paid to do it. Individuals who are looking to improve their credit score can find a increase in their score by simply piggybacking off of your payment history.
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If youve never heard of selling/renting tradelines until it likely sounds absurd and dangerous. The first concern generally involves putting yourself in danger for adding an authorized user which you dont know and trust. But the process only involves adding the user to your account, the card will be sent to your address and you can ruin it.
But, there's still some danger involved. The threat involves the chance of your charge card account being shut by the issuer, because in many situations this is going to be violating the conditions. Its not illegal, but it does violate the terms of the credit card companies, so that they may close your account if they know you are doing it. .
Its definitely not for everyone, but a few people are making excellent money with very little effort. If you want to learn more I recommend reading this thread in Mr. Money Mustache for lots of information from a guy who's making a few thousand dollars per month with this and its quite passive. .
One of my favorite, easy ways to earn money is by way of credit card bonuses. Many credit cards can provide you a bonus just for signing up and for making a minimum amount of purchases on the card during an introductory period. For example, 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 get more card, then hitting $500 in 3 months is simple. .
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Now, this isnt something which you can perform all of the time, however you can sign up to get a new credit card two a year, depending on your situation. Ive made hundreds of bucks each of the past two or three years using this approach.
Don't go overboard. Opening too many new credit accounts in a short period of time can damage your ability to get credit when you need it.