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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 some time to educate yourself and ensure that you understand all the particulars. 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 work, you merely invest and take on a few of the threat.
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This is a really common investment because so many people want to invest in real estate but simply dont have enough time or want to be a landlord. Also, in many cases you can begin 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 real estate such as 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 their income generated. .
There are many different types 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 option.
Obviously, another option for investing in real estate is the good old fashion rental property. You could purchase a condo, single-family homeor multi-unit property.
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Owning rental properties can be a fantastic source of income, but whether or not it is truly passive will probably depend on a few aspects. The more possessions you own and the more tenants you manage, the longer 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 lucrative passive income source which may be completely new to you. You can add authorized users to your 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 score can find a boost in their score by simply piggybacking from 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 at risk for adding an authorized user that you dont know and hope. However, the process only involves adding the user to a account, the card will be sent to your address and you can ruin it.
But, there's still some risk involved. The threat involves the chance of your credit card account being closed by the issuer, because in most cases this is going to be violating the terms. Its not illegal, however it does violate the terms of the charge card companies, so they can close your account if they know you're doing it. .
Its definitely not for helpful resources everyone, but a few folks are making excellent money with very little effort. If you want to learn more I recommend reading this thread at Mr. Money Mustache for lots of information from a guy who's making a couple thousand dollars per month with this and its quite passive. .
One of my favourite, simple ways to make money is through credit card 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 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, hitting $500 in 3 months is easy. .
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Nowthis isnt something which you can do all the time, however you can sign up to get a new credit card or two a year, depending on your situation. Ive made hundreds of dollars all the previous 2 or 3 years with this approach.
Don't go overboard. Opening too many new credit accounts in a brief time period can hurt your ability to get credit when you need it.