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P2P lending can be a bit risky, 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 that you understand all 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 real estate 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 really popular investment because so many men and women want to invest in real estate but dont have the time or want to become a landlord. In addition, in many instances you can begin with a rather modest investment.
REITs (Real Estate Investment Trust) offer another way 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 real estate 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 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 get started with real estate investing, REITs can be an excellent choice.
Of course, another option for investing in real estate is your excellent old fashion rental home. You could buy a condo, single-family residence , or multi-unit property.
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Owning rental properties can be a fantastic source of income, however if not it is truly passive will depend on a couple of factors. The more properties you own and also 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 is a potentially rewarding passive income source that could be completely new to you. You can add authorized users to your credit cards (without really giving them a card or access to your account) and be paid to do it. Individuals who are looking to improve their credit rating can get a increase in their score by 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 generally involves putting yourself in danger for adding an authorized user that you dont know and hope. But the procedure only involves adding the consumer to your account, the card will be sent to your address and you can ruin it.
However, there is still some risk involved. The threat involves the possibility of your charge card account Full Report being shut by the issuer, because in many cases this is going to be violating the conditions. Its not illegal, but it will violate the details of the credit card companies, so they may close your account if they know you are doing it. .
Its definitely not for everyone, but some people are making good money with very little effort. If you want to learn more I recommend reading this thread at Mr. Money Mustache for tons of details from a guy who is making a few thousand dollars per month with this and its quite passive. .
One of my favorite, 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 with a credit card, then hitting $500 in 3 months is easy. .
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Now, this isnt something which you can do all of the time, but you can sign up for explanation a new credit card two a year, depending on your situation. Ive made hundreds of dollars all the previous two or three years with this approach.
Don't go overboard. Opening too many new credit accounts in a brief period of time can hurt your ability to get credit when you need it.