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P2P lending can be a bit insecure, but there is potential for a fairly good return on your investment. In case youre interested you should take some time to educate yourself and make sure 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 the headaches that typically go along with owning real estate. You dont have any of this work, you merely invest and take on some of the risk.
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This is a really popular investment because so many people want to invest in real estate but simply dont have the time or desire to be a landlord. Also, in many instances you can begin with a rather modest 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 property like office buildings, apartment complexes, shopping malls, or resorts. REITs make it possible to invest in property on a small scale, and to earn a share of the income produced. .
There are several 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 start with real estate investing, REITs can be an excellent option.
Obviously, another option for investing in real estate is the excellent old fashion rental property. You can purchase a condo, single-family residence or 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 depend on a few aspects. The more possessions 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 is a potentially rewarding passive income source which may be totally new to you. You can add authorized users for your credit cards (without really giving them a card or access to your account) and be paid to do it. People that are looking to boost their credit rating can get a increase in their score by piggybacking from 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 generally involves putting yourself at risk for adding an authorized user which you dont know and hope. But the process only involves adding the user to your account, the card will be sent to your address and you can ruin it.
However, there is still some danger involved. The risk involves the possibility of your credit card account being closed by the issuer, because in most situations this will be violating the conditions. Its not illegal, but it does violate the terms of the credit 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 hardly any effort. If you want to learn more I recommend reading this thread in Mr. Money Mustache for lots of information from a man who is making a few thousand dollars per month with this and its quite passive. .
One of my favorite, easy ways to earn 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 with a credit card, hitting $500 in 3 months is simple. .
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Now, this isnt something that you can perform all 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 2 or 3 basics years with this approach.
Don't go overboard. Opening too many new go to my site credit accounts in a short period of time can hurt your ability to get credit when you need it.