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P2P lending can be somewhat risky, but there's potential for a pretty good return on your investment. In case youre interested you should take some time to educate yourself and make sure you understand all of the particulars. Peer-to-Peer Lending 101 from Great Financial Cents is an excellent starting point. .
Real estate crowdfunding sites allow you to invest in property without all of the headaches that usually go along with owning real estate. You dont have any of the work, you simply invest and take on some of the threat.
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This is a really common investment because so many people want to invest in property but simply dont have enough time or desire to become a landlord. Also, in many cases you can begin with a rather small investment.
REITs (Real Estate Investment Trust) offer another means to invest in real estate 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 feasible to invest in real estate on a tiny scale, and to earn a share of the income produced. .
There are many different kinds of REITs. Some are publicly traded on a stock exchange, and some 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 start with real estate investing, REITs can be an excellent option.
Of course, another option for investing in real estate is your excellent old fashion rental home. You could buy a condo, single-family homeor multi-unit property.
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Owning rental properties can be a fantastic source of income, however whether or not it is really passive will depend on a couple of factors. The more possessions you own and also the further tenants you manage, the more time 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's a potentially rewarding passive income source which could be totally new to you. You can add authorized users to your own 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 rating can find a increase in their score by 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 usually involves putting yourself at risk for adding an authorized user which you dont know and hope. 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 danger involved. The risk involves the chance of your charge card account being closed by the issuer, because in many situations this will be violating the terms. Its not illegal, however it will 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 folks are making excellent money with hardly any effort. If you want to learn more find here I recommend reading this thread at Mr. Money Mustache for tons of details from a guy who's making a few thousand dollars per month with this and its quite passive. .
One of my favourite, easy ways to make money is through credit card bonuses. Many credit cards can give you a bonus just for signing up and for making a minimum amount of purchases on the card during an introductory period. For 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, then hitting $500 in 3 months is simple. .
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Now, this isnt something that you can do all the time, however you can sign up for a new credit card two a year, depending on your situation. Ive made hundreds of dollars each of the past two or three years with 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 when you need it.