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P2P lending can be somewhat risky, but there is potential for a pretty good return on your investment. If youre interested you should take the time to educate yourself and ensure that you understand all of the details. Peer-to-Peer Lending 101 from Great Financial Cents is an excellent starting point. .
Real estate crowdfunding sites enable you to invest in property without all of the headaches that typically go along with owning property. You dont have any of this job, you simply invest and take on some of the threat.
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This is a really popular investment since so many men and women want to invest in real estate but dont have the time or want to be a landlord. In addition, in many instances you can begin with a rather modest investment.
REITs (Real Estate Investment Trust) provide another means to invest in real estate 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 feasible to invest in property on a small scale, and also to earn a share of their income generated. .
There are many different types of REITs. Some are publicly traded on a stock exchange, and a few 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.
Obviously, another option for investing in real estate is the excellent old fashion rental home. You can buy a condo, single-family homeor multi-unit property.
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Owning rental properties can be a great source of income, however if not it is truly passive will depend on a couple of aspects. The more possessions you own and also the more 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 is a potentially lucrative passive income source that may be completely new to you. You can add authorized users to your credit cards (without actually giving them a card or access for your account) and be paid to do it. Individuals that are looking to improve their credit rating can find a increase in their score by simply piggybacking from your payment history.
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If youve never heard of selling/renting tradelines before it probably sounds absurd and dangerous. The first concern usually involves putting yourself at risk for adding an authorized user that you dont know and trust. However, the process only involves adding the consumer to your account, the card will be sent to your address and you can ruin it.
However, there's still some risk involved. The threat involves the chance of your credit card account being shut by the issuer, because in most situations this will be violating the conditions. Its not illegal, but 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 folks are making good money with hardly any work. 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 couple thousand dollars per month with this and its very 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 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, then hitting $500 in 3 months is easy. .
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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 or two a year, depending on your situation. Ive made hundreds of dollars each of the past 2 or 3 look at this site years using 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.