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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 time 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 websites allow you to invest in property without all the headaches that usually go along with owning property. You dont have any of the job, you merely invest and take on a few of the threat.
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This is a very common investment since so many people want to invest in property but dont have enough time or want to be a landlord. Also, in many instances you can get started with a relatively modest investment.
REITs (Real Estate Investment Trust) offer 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 feasible to invest in property on a small scale, and also 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 might also be in the form 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 your good old fashion rental home. You can purchase a condo, single-family residence , or multi-unit property.
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Owning rental properties can be a great source of income, but if not it is truly passive will depend on a few factors. The more properties you own and also the further tenants you manage, the longer you will need to put into it. If you want it to be a passive investment the best option is to hire a property manager. .
Here is a potentially lucrative passive income source that may be totally new to you. You can add authorized users for your credit cards (without really giving them a card or access to your account) and be paid to do it. People who are looking to visit 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 probably sounds ridiculous and dangerous. The first concern usually involves putting yourself at risk for adding an authorized user which you dont know and trust. 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.
But, there is still some danger involved. The risk involves the chance of your charge card account being shut by the issuer, because in most cases this is going to be violating the conditions. Its not illegal, however it will violate the details of the credit card companies, so that they can close your account if they know you're doing it. .
Its definitely not for everyone, but a few folks are making good money with hardly any effort. If you want to learn more I recommend reading this thread at Mr. Money Mustache for tons of information from a man who is making a few thousand dollars per month with anchor this and its very passive. .
One of my favorite, simple ways to make 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 most of your purchases using a credit card, then hitting $500 in 3 months is easy. .
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Nowthis isnt something that you can perform all of the time, however you can sign up for a new credit card or two a year, depending on your situation. Ive made hundreds of bucks all the previous 2 or 3 years with this approach.
Don't go overboard. Opening too many new get redirected here credit accounts in a short time period can damage your ability to get credit when you need it.