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P2P lending can be a bit insecure, but there is potential for a pretty good return on your investment. If youre interested you should take some time 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 sites enable you to invest in property without all the headaches that usually go along with owning property. You dont have any of this work, you simply invest and take on a few of the risk.
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This is a very common investment since so many men and women want to invest in property but simply dont have enough time or desire to become a landlord. In addition, in many cases you can begin with a relatively modest investment.
REITs (Real Estate Investment Trust) provide another way to invest in property without the hassle of being a landlord. The REIT owns income-producing real estate such as office buildings, apartment complexes, shopping malls, or resorts. REITs make it possible to invest in property on a small scale, and also to earn a share of their income generated. .
There are many different kinds 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.
Of course, another option for investing in real estate is the good old fashion rental property. You could buy a condo, single-family home, or multi-unit home.
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Owning rental properties can be a great source of income, however whether or not it is really passive will depend on a few factors. The more properties you own and the more tenants you manage, the more time you'll need to put into it. If you want it her latest blog 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 to your own credit cards (without really giving them a card or access to your account) and be paid to do it. People that are looking to boost their credit score 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 until it probably sounds ridiculous and dangerous. The first concern usually involves putting yourself in danger for adding an authorized user which you dont know and trust. However, the procedure only involves adding the consumer to a account, the card will be sent to your address and you can destroy it.
However, there is still some danger involved. The threat 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 they may close your account if they know you're doing it. .
Its definitely not for everyone, but a few folks 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 details from a guy who is making a few thousand dollars per month with this and its very passive. .
One of my favorite, easy ways to make money is by way of credit card bonuses. Many credit cards can 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 most of your purchases with a credit card, hitting $500 in 3 months is easy. .
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Now, this isnt something that you can do all of the time, however you can sign up for a new credit card 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 period of time can damage your ability to get credit when you need it.