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P2P lending can be somewhat insecure, but there's potential for a fairly good return on your investment. If 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 real estate without all the headaches that usually go along with owning property. You dont have any of the job, you simply invest and take on some of the risk.
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This is a very common investment because so many men and women want to invest in real estate but dont have the time or desire to become a landlord. In addition, in many instances 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 possible to invest in real estate on a small scale, and to earn a share of their income produced. .
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 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 the good old fashion rental property. You can buy a condo, single-family home, or multi-unit property.
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Owning rental properties can be a fantastic source of income, but if not it is really passive will probably depend on a couple of aspects. The more possessions you own and also the further tenants you manage, the longer you'll 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 rewarding passive income source that may be totally new to you. You can add authorized users to your credit cards (without really giving them a card or access for your account) and be paid to do it. People who are looking to boost 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 usually involves putting yourself in danger for adding an authorized user which you dont know and trust. However, the procedure only involves adding the user to your account, the card will be sent to your own address and you can ruin it.
However, there's still some danger involved. The risk involves the possibility of your charge card account being closed by the issuer, because in most situations this will be violating the terms. Its not illegal, but it will violate the details of the charge card companies, so that they may close your account if they know you are doing it. .
Its definitely not for everyone, but a few people 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 information from a man who's making visit their website a few thousand dollars per month with this and its very passive. .
One of my favourite, easy ways to earn money is by way of 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 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, 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 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.