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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 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 the headaches that typically go along with owning property. You dont have any of this work, you merely invest and take on some of the risk.
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This is a really common investment since so many people 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 relatively small investment.
REITs (Real Estate Investment Trust) provide another way to invest in real estate 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 property on a small scale, and also to earn a share of the income produced. .
There are many different kinds 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.
Obviously, another option for investing in real estate is the good old fashion rental property. You can buy a condo, single-family residence or multi-unit home.
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Owning rental properties can be a fantastic source of income, but whether or not it is really passive will depend on a few factors. The more possessions you own and the more tenants you manage, the more time 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's a potentially rewarding passive income source which may be completely new to you. You can add authorized users for 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 improve their credit rating can find a increase in their score by simply piggybacking from your payment history.
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If youve never heard of selling/renting tradelines until it likely 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 process only involves adding the user to your account, the card will be sent to your own address and you can ruin it.
But, there's still some risk involved. The threat involves the possibility of your credit card account being shut by the issuer, because in most cases this is going to be violating the conditions. Its not illegal, however it does violate the details of the charge card companies, so that they can 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 lots of information from a guy who's making a couple thousand view it now dollars per month with this and its very 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 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 the majority of your purchases with a credit card, then hitting $500 in 3 months is simple. .
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Nowthis isnt something which 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 bucks all the past two or three years with 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.