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P2P lending can be somewhat risky, but there is potential for a fairly good return on your investment. In case youre interested you should take some time to educate yourself and make sure 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 the headaches that usually go along with owning real estate. You dont have any of the work, you simply invest and take on a few 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 enough time or desire to be a landlord. Also, in many cases you can begin with a rather small 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 such as office buildings, apartment complexes, shopping malls, or resorts. REITs make it feasible to invest in property on a tiny scale, and to earn a share of their 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 kind 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 choice.
Obviously, another option for investing in real estate would be the excellent old fashion rental property. You could purchase a condo, single-family homeor multi-unit home.
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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 more tenants you manage, the more time you'll need to put into it. If you want it to article be a passive investment that the best option is to hire a property manager. .
Here is a potentially lucrative passive income source which could be totally new to you. You can add authorized users to 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 boost their credit rating can get a boost 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 ridiculous and dangerous. The first concern generally involves putting yourself at risk for adding an authorized user that you dont know and hope. However, the procedure only involves adding the user to your account, the card will be sent to my website your address and you can destroy it.
However, there's still some danger involved. The risk involves the possibility of your charge card account being closed by the issuer, because in many cases this will be violating the conditions. Its not illegal, however it will violate the details 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 some folks are making good money with hardly any work. If you want to learn more I recommend reading this thread at Mr. Money Mustache for tons of details from a man who is making a couple 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 will give 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 most of your purchases using a credit card, 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 two a year, depending on your situation. Ive made hundreds of bucks all the top article previous two or three 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.