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P2P lending can be somewhat insecure, but there is potential for a pretty good return on your investment. In case youre interested you should take the opportunity to educate yourself and make sure you understand all of the particulars. Peer-to-Peer Lending 101 from Great Financial Cents is an excellent starting point. .
Real estate crowdfunding websites enable you to invest in real estate without all of the headaches that typically 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 very popular investment since so many people want to invest in real estate but simply dont have enough time or want to be a landlord. In addition, in many instances you can get started with a relatively modest 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 real estate like office buildings, apartment complexes, shopping malls, or resorts. REITs make it possible to invest in real estate on a tiny scale, and to earn a share of their income produced. .
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 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 property. You could buy a condo, single-family homeor multi-unit property.
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Owning rental properties can be a fantastic source of income, however whether or not it is really passive will depend on a few aspects. The more properties you own and also the more 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 actually giving them a card or access to your account) and be paid to do it. Individuals that are looking to boost 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 until it probably sounds ridiculous and dangerous. The first concern usually involves why not try this out putting yourself at risk for adding an authorized user which you dont know and trust. However, the procedure only involves adding the user to your account, the card will be sent to your own address and you can destroy it.
But, there is still some danger involved. The risk 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 can close your account if they know you are doing it. .
Its definitely not for everyone, but some folks are making excellent money with very little work. If you want to learn more I recommend reading this thread at Mr. Money Mustache for tons of information from a guy who is making a couple thousand dollars per month with this and its very passive. .
One of my favorite, simple ways to make money is through credit card bonuses. Many credit cards can 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 instance, right now Chase is offering a $150 bonus if you sign up for a Chase This Site 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 simple. .
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Now, this isnt something that you can perform all the time, but you can sign up for a new credit card two a year, depending on your situation. Ive made hundreds of dollars all the previous 2 or 3 years with this approach.
Don't go overboard. Opening too many new credit accounts in a short time period can damage your ability to get credit when you need it.