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P2P lending can be somewhat insecure, but there's potential for a pretty good return on your investment. If youre interested you should take the time to educate yourself and make sure that you understand all of the particulars. 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 the headaches that usually go along with owning property. You dont have any of this work, you simply invest and take on a few of the risk.
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This is a really popular investment because so many men and women want to invest in real estate but simply dont have the time or want to be a landlord. Also, in many cases you can begin with a rather small investment.
REITs (Real Estate Investment Trust) offer another way to invest in property 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 property on a tiny scale, and also to earn a share of the income produced. .
There are many different kinds of REITs. Some are publicly traded on a stock exchange, and a few are not. REITs might 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.
Obviously, another option for investing in real estate would be the good old fashion rental home. You can purchase a condo, single-family residence or multi-unit property.
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Owning rental properties can be a great source of income, but whether or moved here not it is really passive will depend on a couple of aspects. The more possessions you own and also the further tenants you manage, the more time 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 could be totally new to you. You can add authorized users to your credit cards (without really giving them a card or access to your account) and be paid to do it. Individuals who are looking to improve their credit rating can find a increase in their score by 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 in danger for adding an authorized user which you dont know and trust. However, the process only involves adding the user to your account, the card will be sent to your address and you can destroy it.
However, there's still some danger involved. The threat involves the possibility of your credit card account being closed by the issuer, because in most cases this is going to be violating the conditions. Its not illegal, however it does violate the terms of the charge card companies, so that they can close your account if they know you are doing it. .
Its definitely not for everyone, but a few folks are making good money with very little work. If you want to learn more I recommend reading this thread in Mr. Money Mustache for lots of information from a guy who is making a couple thousand dollars per month with this and its very passive. .
One of my favorite, easy ways to make money is by way of 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 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, hitting $500 in 3 months is easy. .
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Now, this isnt something which you can perform all of the time, however you can sign up for a new credit card or two a year, depending on your situation. Ive made hundreds of dollars all the previous two or three years using this approach.
Don't go overboard. Opening too many new credit accounts in a short period of time can damage your ability to get credit when you need it.