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P2P lending can be a bit insecure, but there's potential for a pretty good return on your investment. In case youre interested you should take the opportunity to educate yourself and make sure you understand all of the details. Peer-to-Peer Lending 101 from Good Financial Cents is an excellent starting point. .
Real estate crowdfunding sites allow you to invest in real estate without all the headaches that typically go along with owning real estate. You dont have any of the work, you simply invest and take on a few of the threat.
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This is a really common investment because so many men and women want to invest in real estate but simply dont have enough time or want to be a landlord. Also, in many cases you can begin with a relatively modest investment.
REITs (Real Estate Investment Trust) provide another means to invest in real estate 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 feasible to invest in real estate on a small scale, and also to earn a share of the income produced. .
There are several 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.
Obviously, another option for investing in real estate is the good old fashion rental home. You could purchase a condo, single-family residence , or multi-unit home.
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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 possessions you own and also the more 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 lucrative passive income source which may be completely new to you. You can add authorized users for your credit cards (without actually giving them a card or access to your account) and be paid to do it. Individuals 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 likely sounds ridiculous 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 user to your account, the card will be sent to your address and you can destroy it.
But, there is still some risk involved. The threat involves the chance of your credit card account being closed by the issuer, because in most cases this will be violating the terms. Its not illegal, but it will violate the details of the charge card companies, so that they can 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 in Mr. Money Mustache for lots of details from a guy who's making a couple thousand dollars per month with this and its quite 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 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 do all of the time, however you can sign up to get a new credit card two a year, depending on your situation. Ive made hundreds of dollars all the previous two or three years using this approach.
Don't go overboard. Opening too many new credit accounts in a brief time period can damage linked here your ability to get credit when you need it.