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P2P lending can be a bit risky, 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 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 the work, you merely invest and take on some of the threat.
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This is a really popular investment because so many men and women want to invest in property but dont have enough time or want to be a landlord. In addition, in many cases you can get started with a relatively 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 like office buildings, apartment complexes, shopping malls, or hotels. REITs make it possible to invest in real estate on a small scale, and also to earn a share of their income produced. .
There are several different types of REITs. Some are publicly traded on a stock exchange, and some 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 option.
Of course, another option for investing in real estate would be your good old fashion rental home. You could buy a condo, single-family home, or multi-unit property.
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Owning rental properties can be a fantastic source of income, however whether or not it is truly passive will depend on a couple of aspects. The more possessions you own and the more tenants you manage, the longer you will 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 lucrative passive income source which could be totally new to you. You can add authorized users to other your own credit cards (without really giving them a card or access to your account) and be paid to do it. Individuals who are looking to boost their credit rating can find a boost in their score by piggybacking from your payment history.
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If youve never heard of selling/renting tradelines until it probably sounds ridiculous and dangerous. The first concern usually involves putting yourself at risk for adding an authorized user which you dont know and hope. But the procedure only involves adding the user to a account, the card will be sent to your address and you can ruin it.
However, there's still some danger involved. The threat involves the chance of your credit card account being shut by the issuer, because in most situations this will be violating the terms. Its not illegal, but it will violate the terms of the charge card companies, so they can close your account if they know you are doing find more information 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 in 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 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 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 perform all the time, but you can sign up to get a new credit card or two a year, depending on your situation. Ive made find this hundreds of bucks 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 damage your ability to get credit when you need it.