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P2P lending can be a bit insecure, but there is potential for a fairly good return on your investment. If youre interested you should take some opportunity to educate yourself and ensure that you understand all of the details. Peer-to-Peer Lending 101 from Good Financial Cents is an excellent starting point. .
Real estate crowdfunding sites enable you to invest in real estate without all of the headaches that usually go along with owning real estate. You dont have any of the job, 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 enough time or desire to become a landlord. In addition, in many instances you can get started with a relatively small 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 property such as office buildings, apartment complexes, shopping malls, or resorts. REITs make it feasible to invest in real estate on a small scale, and to earn a share of the income produced. .
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 form 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.
Obviously, another option for investing in real estate would be 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 great source of income, but if not it is truly passive will probably depend on a few factors. The more properties you own and also the further tenants you manage, the longer you'll need to put into it. If you want it moved here to be a passive investment that the best option is to hire a property manager. .
Here's a potentially rewarding passive income source which could be completely 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. People that are looking to improve their credit score 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 until 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. However, the process only involves adding the user to a account, the card will be sent to your address and you can destroy it.
But, there's still some risk involved. The risk involves the chance of your charge card account being shut by the issuer, because in most cases this is going to be violating the terms. Its not illegal, however it will violate the terms of the charge card companies, so that they may close your account if they know you're 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 at Mr. Money Mustache for lots of details from a man 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 give you a bonus just for signing up and for making a minimum Visit Your URL 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 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 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 hurt your ability to get credit when you need it.