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P2P lending can be a bit risky, but there is potential for a pretty good return on your investment. If youre interested you should take the opportunity 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 enable 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 a few of the threat.
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This is a very popular investment since so many people want to invest in real estate but simply dont have the time or desire to become a landlord. In addition, in many cases you can get started with a relatively small investment.
REITs (Real Estate Investment Trust) provide another way 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 resorts. REITs make it possible to invest in property on a tiny scale, and to earn a share of their income produced. .
There are several different kinds of REITs. Some are publicly traded on a stock exchange, and a few are not. REITs may also be in the form 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.
Of course, another option for investing in real estate would be your good old fashion rental home. You could purchase a condo, single-family residence or multi-unit home.
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Owning rental properties can be a great source of income, however whether or not it is really passive will probably depend on a couple of aspects. The more properties you own and the more 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 lucrative passive income source that could be totally new to you. You can add authorized users to your credit cards (without actually giving them a card or access to your account) and be paid to do it. People who are looking to improve their credit rating can get a boost in their score by piggybacking off of your payment history.
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If youve never heard of selling/renting tradelines until it likely sounds you can try this out absurd and dangerous. The first concern usually involves putting yourself in danger for adding an authorized user which you dont know and trust. But the process only involves adding the consumer to a account, the card will be sent to your own address and you can destroy it.
But, there is still some risk involved. The risk involves the possibility 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 that they can close your account if they know you're 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 in Mr. Money Mustache for tons of information from a man who is making a couple thousand dollars per month home with this and its quite 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. For 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, then hitting $500 in 3 months is easy. .
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Nowthis isnt something that you can perform all the time, however you can sign up for a new credit card two a year, depending on your situation. Ive made hundreds moved here of bucks all the past 2 or 3 years with this approach.
Don't go overboard. Opening too many new credit accounts in a brief period of time can hurt your ability to get credit when you need it.