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P2P lending can be somewhat insecure, but there's potential for a fairly good return on your investment. In case youre interested you should take the time to educate yourself and make sure you understand all of 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 usually 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 men and women want to invest in property but dont have enough time or want to become a landlord. In addition, in many cases you can begin with a relatively 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 such as office buildings, apartment complexes, shopping malls, or resorts. REITs make it possible to invest in real estate on a tiny scale, and also to earn a share of their income generated. .
There are many different kinds of REITs. Some are publicly traded on a stock exchange, and a few 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 get started with real estate investing, REITs can be an excellent choice.
Of course, another option for investing in real estate would be your excellent old fashion rental home. You can buy a condo, single-family home, or multi-unit home.
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Owning rental properties can be a fantastic source of income, however if not it is really passive will probably depend on a couple of factors. The more properties you own and the further tenants you manage, the longer you'll need to put into it. other If you want it to be a passive investment that 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 credit cards (without actually giving them a card or access to your account) and be paid to do it. Individuals 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 probably sounds ridiculous and dangerous. The first concern generally involves putting yourself at risk for adding an authorized user which you dont know and hope. But the procedure only involves adding the user to a account, the card will be sent to your address and you can ruin it.
However, there's still some risk involved. The threat involves the possibility of your credit card account being closed by the issuer, because in many cases this will be violating the conditions. Its not illegal, but it does 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 some people are making excellent money with very little work. If you want to learn more I recommend reading this thread in Mr. Money Mustache for tons of details from a man who is making a couple thousand dollars per month with this and its very passive. .
One of my favorite, simple ways to make money is through credit card bonuses. Many credit cards can provide you a bonus just for signing up and for making a minimum amount of purchases on the card during an introductory period. For 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 using 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 for a new credit card two a year, depending on your situation. Ive made hundreds of dollars all the previous 2 or 3 years using this approach.
Don't go overboard. Opening too many new credit accounts in a short period of time can hurt your ability to get credit when you need it.