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P2P lending can be a bit risky, but there's potential for a fairly good return on your investment. If youre interested you should take the time to educate yourself and make sure you understand all the details. Peer-to-Peer Lending 101 from Great Financial Cents is an excellent starting point. .
Real estate crowdfunding websites enable you to invest in property without all the headaches that typically go along with owning real estate. You dont have any of the job, you simply invest and take on a few of the threat.
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This is a really popular investment because so many people want to invest in property but dont have enough time or desire to become a landlord. In addition, in many instances you can begin with a relatively small investment.
REITs (Real Estate Investment Trust) offer another way to invest in property without the hassle of being a landlord. The REIT owns income-producing property like office buildings, apartment complexes, shopping malls, or hotels. REITs make it possible to invest in property on a tiny scale, and also to earn a share of the income produced. .
There are many different kinds 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 get started with real estate investing, REITs can be an excellent option.
Of course, another option for investing in real estate would be your excellent old fashion rental home. You could 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 whether or not it is truly passive will probably depend on a few aspects. The more possessions you own and the further tenants you manage, the longer you will 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 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 that are looking to improve their credit rating can get a boost in their his response 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 absurd and dangerous. The first concern generally involves putting yourself in danger for adding an authorized user that you dont know and trust. But the process only involves adding the consumer to a account, the card will be sent to your own address and you can destroy it.
But, there's still some risk involved. The threat involves the chance of your credit card account being closed by the issuer, because in most situations this is going to 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're doing it. .
Its definitely not for everyone, but a few people are making good money with look at here hardly any work. If you want to learn more I recommend reading this thread in 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 favourite, simple ways to earn 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 with a credit card, hitting $500 in 3 months is simple. .
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Nowthis isnt something that you can do all the time, but you can sign up to get see this 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.