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P2P lending can be a bit insecure, but there's potential for a pretty good return on your investment. In case youre interested you should take the time to educate yourself and make sure you understand all of the particulars. Peer-to-Peer Lending 101 from Good Financial Cents is an excellent starting point. .
Real estate crowdfunding sites allow you to invest in property without all of the headaches that typically go along with owning property. You dont have any of the work, you merely invest and take on a few of the risk.
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This is a very common investment because so many men and women want to invest in property but simply dont have the time or want to become a landlord. In addition, in many instances you can get started with a relatively small investment.
REITs (Real Estate Investment Trust) offer another means to invest in property without the hassle of being a landlord. The REIT owns income-producing property such as office buildings, apartment complexes, shopping malls, or hotels. REITs make it feasible to invest in real estate on a small scale, and also to earn a share of the income generated. .
There are several different kinds of REITs. Some are publicly traded on a stock exchange, and a few are not. REITs may also be in the kind 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 choice.
Obviously, another option for investing in real estate is your excellent old fashion rental home. You can purchase a condo, single-family homeor multi-unit property.
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Owning rental properties can be a fantastic source of income, however if not it is really passive will probably depend on a few aspects. The more possessions you own and also the more tenants you manage, the longer you'll need to put into it. If you want it to official statement be a passive investment that the best option is to hire a property manager. .
Here's a potentially lucrative passive income source that may be totally new to you. You can add authorized users to your own credit cards (without actually giving them a card or access to your account) and be paid to do it. Individuals that are looking to improve their credit rating 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 generally involves putting yourself in danger for adding an authorized user which you dont know and hope. However, the procedure only involves adding the consumer to your account, the card will be sent to your own address and you can ruin it.
However, 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, however it will violate the terms of the credit card browse around this site companies, so that they can close your account if they know you're doing it. .
Its definitely not for everyone, but a few folks are making excellent money with very little work. If you want to learn more I recommend reading this thread in Mr. Money Mustache for tons of information from a man who is making a few thousand dollars per month with this and its very passive. .
One of my favorite, simple ways to earn money is by way of credit card bonuses. Many credit cards will give 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 the majority of your purchases with a credit card, 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 to get a new credit card two a year, depending on your situation. Ive made hundreds of dollars each of the previous two or three years with this approach.
Don't go overboard. Opening too many new credit accounts in a brief time period can damage your ability to get credit when you need it.