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P2P lending can be a bit insecure, but there is potential for a fairly good return on your investment. In case youre interested you should take the opportunity to educate yourself and ensure that you understand all the particulars. Peer-to-Peer Lending 101 from Good Financial Cents is an excellent starting point. .
Real estate crowdfunding websites allow you to invest in real estate without all the headaches that usually go along with owning real estate. You dont have any of this job, you merely invest and take on a few of the threat.
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This is a really popular investment because so many men and women want to invest in property but simply dont have the 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) 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 hotels. REITs make it possible to invest in property on a small scale, and also to earn a share of the income generated. .
There are several different types of REITs. Some are publicly traded on a stock exchange, and some are not. REITs may 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 is your excellent old fashion rental home. You can purchase a condo, single-family homeor multi-unit property.
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Owning rental properties can be a fantastic source of income, but if not it is truly passive will probably depend on a couple of aspects. The more properties you own and the further tenants you manage, the more time you'll need to put into it. additional resources 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 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 that are looking to improve their credit rating can find 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 likely sounds absurd 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 destroy it.
However, there is still some danger involved. The threat involves the chance of your credit card account being shut by the issuer, because in many cases this is going to be violating the terms. Its not illegal, but it will violate the terms of the credit card companies, so they may close your account if they know you're doing it. .
Its definitely not for everyone, but some people 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 information from a guy who's making a few thousand dollars per month with this and its very passive. .
One of my favorite, easy 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. 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 the majority of your purchases with a credit card, then hitting $500 in 3 months is simple. .
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Now, this isnt something which you can do all of the time, however you can sign up to get a new credit card or two a year, depending on your situation. Ive made hundreds of bucks all the previous 2 or 3 years using this approach.
Don't go overboard. Opening too many new credit accounts in a short time period can hurt your ability to get credit when you need it.