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P2P lending can be a bit insecure, but there's potential for a fairly good return on your investment. If youre interested you should take the opportunity to educate yourself and ensure that you understand all the particulars. 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 of the headaches that usually go along with owning real estate. You dont have any of the job, you merely invest and take on a few of the threat.
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This is a really common investment since so many men and women want to invest in real estate but dont have the time or want to be a landlord. Also, in many cases you can get started with a relatively small investment.
REITs (Real Estate Investment Trust) offer another way to invest in real estate without the hassle of being a landlord. The REIT owns income-producing real estate like office buildings, apartment complexes, shopping malls, or hotels. REITs make it possible to invest in property on a small scale, and to earn a share of their income generated. .
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 get started with real estate investing, REITs can be an excellent choice.
Of course, another option for investing in real estate is your excellent old fashion rental home. You could 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 truly passive will probably depend on a few aspects. The more properties you own and the further tenants you manage, the longer 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 lucrative passive income source that could be totally new to you. You can add authorized users for your credit cards (without actually giving them a card or access for your account) and be paid to do it. Individuals who are looking to boost their credit score can get a increase in their score by simply piggybacking from your payment history.
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If youve never heard of selling/renting tradelines before it likely sounds absurd and dangerous. The first concern generally involves putting yourself at risk for adding an authorized user that you dont know and hope. But the procedure only involves adding the user to a account, the card will be sent to your own address and you can ruin it.
But, there's still some risk involved. The threat involves see it here the possibility of your credit 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 some folks are making good 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 man who's making a few thousand dollars per month with this and its very passive. .
One of my favorite, simple ways to earn money is through credit card bonuses. Many credit cards will provide you a bonus just for signing up and for making a minimum amount of purchases on the see it here 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 the majority of your purchases using a credit card, hitting $500 in 3 months is easy. .
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Now, this isnt something which you can do all of the time, however you can sign Source up for a new credit card or two a year, depending on your situation. Ive made hundreds of dollars all the past 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.