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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 the details. Peer-to-Peer Lending 101 from Good Financial Cents is an excellent starting point. .
Real estate crowdfunding websites enable you to invest in real estate without all of the headaches that usually go along with owning property. You dont have any of this job, you simply invest and take on some of the risk.
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This is a really popular investment since so many men and women want to invest in real estate but dont have enough time or desire to become a landlord. In addition, in many cases you can get started with a rather small 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 property like office buildings, apartment complexes, shopping malls, or hotels. REITs make it possible to invest in real estate on a tiny scale, and also to earn a share of the income generated. .
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 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 option.
Of course, another option for investing in real estate is your excellent old fashion rental property. You can purchase 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 really passive will depend on a few factors. The more possessions you own and the further tenants you manage, the more time you'll 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 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. People that 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 until it likely sounds ridiculous and dangerous. The first concern usually involves putting yourself in danger for adding an find authorized user which you dont know and hope. But the procedure only involves adding the consumer to a account, the card will be sent to reference your own address and you can destroy it.
However, there's still some danger involved. The threat involves the chance of your credit card account being closed by the issuer, because in most situations this will be violating the terms. Its not illegal, however it will violate the details 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 excellent money with hardly any effort. If you want to learn more I recommend reading this thread at Mr. Money Mustache for lots of details from a man who's making a few thousand dollars per month with this and its very passive. .
One of my favorite, simple ways to make money is through credit card additional hints 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, then hitting $500 in 3 months is simple. .
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Now, this isnt something that you can perform all the time, but you can sign up to get a new credit card two a year, depending on your situation. Ive made hundreds of dollars each of the previous 2 or 3 years with this approach.
Don't go overboard. Opening too many new credit accounts in a short time period can damage your ability to get credit when you need it.