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P2P lending can be a bit insecure, but there's potential for a pretty good return on your investment. If youre interested you should take some opportunity to educate yourself and ensure that you understand all of the particulars. Peer-to-Peer Lending 101 from Good Financial Cents is an excellent starting point. .
Real estate crowdfunding sites allow you to invest in property without all the headaches that typically go along with owning property. 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 popular 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 cases you can begin with a rather 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 property such as office buildings, apartment complexes, shopping malls, or resorts. REITs make it possible to invest in real estate on a small scale, and 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 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 option.
Obviously, another option for investing in real estate would be your good old fashion rental property. You could buy a condo, single-family home, 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 probably depend on a few aspects. The more possessions you own and the more tenants you manage, the longer you'll need to put into it. If you want it to be a passive investment the best option is to hire a property manager. that site .
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 really giving them a card or access for your account) and be paid to do it. People 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 before it probably sounds absurd and dangerous. The first concern generally involves putting yourself in danger for adding an authorized user which you dont know and trust. But the procedure only involves adding the consumer to a account, the card will be sent to your own address and you can ruin it.
However, there's still some danger involved. The risk involves the possibility of your credit card account being shut by the issuer, because in many situations this is going to be violating the terms. Its not illegal, but it does violate the details of the charge card companies, so that they may close your account if they know you are doing it. .
Its definitely not for everyone, but a few people are making excellent money with hardly any effort. If you want to learn more I recommend reading this thread at Mr. Money Mustache for lots of details 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 earn money is by way of 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. For 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 using a credit card, then hitting $500 in 3 months is simple. .
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Now, this isnt something which you can do all the time, however you can sign up for a new read here credit card two a year, depending on your situation. Ive made hundreds of bucks all the past 2 or 3 years with this approach.
Don't go overboard. Opening too many new credit accounts in a brief period of time can damage your ability to get credit when you need it.