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P2P lending can be somewhat insecure, but there is potential for a fairly good return on your investment. If youre interested you should take the opportunity to educate yourself and make sure you understand all the particulars. Peer-to-Peer Lending 101 from Great Financial Cents is an excellent starting point. .
Real estate crowdfunding sites enable you to invest in property 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 a few of the risk.
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This is a very common investment since so many people want to invest in property but simply dont have enough time or want to be a landlord. In addition, in many cases you can get started with a rather small investment.
REITs (Real Estate Investment Trust) offer 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 hotels. REITs make it possible to invest in real estate on a small scale, and also to earn a share of the 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 choice.
Of course, another option for investing in real estate would be your excellent old fashion rental home. 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, however if not it is really passive will probably depend on a couple of aspects. The more possessions you own and also the further tenants you manage, the longer you'll 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 for your credit cards (without actually giving them a card or access for your account) and be paid to do it. People who are looking to improve their credit score can get a boost 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 generally involves published here putting yourself in danger for adding an authorized user that you dont know and hope. However, the procedure only involves adding the consumer to your account, the card will be sent to your own address and you can destroy it.
However, there is still some danger involved. The risk involves the chance of your charge card account being shut by the issuer, because in many cases this will be violating the terms. Its not illegal, but it does violate the terms of the credit card companies, so that they can 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 effort. If you want to learn more I recommend reading this thread in Mr. Money Mustache for tons of details from a guy who's making a couple thousand dollars per month with this and its quite passive. .
One of my favorite, simple ways to make money is through credit card bonuses. Many credit cards will provide 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 most of your purchases with a credit card, then hitting $500 in 3 months is easy. .
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Nowthis isnt something which you can perform all of the time, but you can sign up for a new credit card or two a year, depending on your situation. Ive made hundreds of dollars each of the previous two or three years using this approach.
Don't go overboard. Opening too many new credit accounts in a brief period of time can hurt your ability to get credit when you need it.