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P2P lending can be somewhat risky, but there is potential for a pretty good return on your investment. If youre interested you should take the opportunity 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 real estate without all of the headaches that usually go along with owning property. You dont have any of this work, you simply invest and take on some of the threat.
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This is a really common investment since so many people want to invest in property but dont have enough time or want to become a landlord. Also, in many cases you can get started with a relatively 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 feasible to invest in property on a tiny scale, and to earn a share of their income produced. .
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 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 would be the excellent old fashion rental property. You can buy a condo, single-family residence or multi-unit property.
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Owning rental properties can be a great source of income, however if not it is really passive will depend on a couple of factors. The more properties you own and also the further tenants you manage, the more time you'll need to put into it. If you want it to be a passive investment that the best option is to hire helpful resources a property manager. .
Here is a potentially rewarding passive income source that could be totally 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 who are looking to improve their credit score can find a boost in their score by simply piggybacking off of 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 generally involves putting yourself at risk for adding an authorized user that you dont know and hope. But the process only involves adding the user to your 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 possibility of your charge card account being shut by the issuer, because in most cases this will be violating the terms. Its not illegal, but it does violate the terms of the charge card companies, so that they may close your account if they know you are doing it. . Full Article
Its definitely not for everyone, but a few folks are making excellent money with hardly any work. If you want to learn more I recommend reading this thread at Mr. Money Mustache for lots of details from a guy who's making a few thousand dollars per month with this and its quite passive. .
One of my favourite, 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. 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 using a credit card, then hitting $500 in 3 months is simple. .
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Nowthis isnt something that 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 bucks all the past two or three years using this approach.
Don't go overboard. Opening too many new credit accounts in a brief period of time can damage your ability to get credit browse this site when you need it.