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P2P lending can be somewhat risky, but there is potential for a fairly good return on your investment. In case youre interested you should take some time to educate yourself and make sure that 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 of the headaches that usually go along with owning property. 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 very common investment since so many people want to invest in property but dont have enough time or want to become a landlord. In addition, in many instances you can begin with a relatively modest 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 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 to earn a share of their income generated. .
There are several different types of REITs. Some are publicly traded on a stock exchange, and a few 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 get started with real estate investing, REITs can be an excellent choice.
Obviously, another option for investing in real estate would be your excellent old fashion rental property. You can buy a condo, single-family residence or multi-unit property.
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Owning rental properties can be a fantastic source of income, however if not it is really passive will depend on a couple of 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 is a potentially rewarding passive income source which may be completely new to you. You can add authorized users to your own credit cards (without actually giving them a card or access for your account) and be paid to do it. People that are looking to improve their credit rating can get a boost in their score by simply why not check here 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 usually involves putting yourself at risk for adding an authorized user that you dont know and hope. But the procedure only involves adding the consumer to a account, the card will be sent to your own address and you can destroy it.
But, there is still some risk involved. The threat involves the possibility of your credit card account being closed by the issuer, because in many cases this is going to be violating the conditions. Its not illegal, but it will violate the details of the credit card companies, so they can close your account if they know you are doing it. .
Its definitely not for everyone, but a few folks are making excellent money with hardly any work. If you want to learn more I recommend reading this thread at Mr. Money Mustache for lots of details from a guy who is making a couple thousand dollars per month with this and its very passive. .
One of my favourite, easy ways to make money is by way of 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 using a credit card, then hitting $500 in 3 months is simple. .
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Nowthis isnt something which you can do all of the time, however you can sign go to my blog up to get a new credit card or two a year, depending on your situation. Ive made hundreds of bucks each of the previous two or three years using 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.