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P2P lending can be somewhat insecure, but there's potential for a fairly good return on your investment. In case youre interested you should take some 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 enable you to invest in property without all of the headaches that typically 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 common investment since so many people want to invest in property but dont have the time or want to become a landlord. Also, in many instances you can begin with a rather 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 property such as office buildings, apartment complexes, shopping malls, or hotels. REITs make it possible to invest in property on a small scale, and to earn a share of their income produced. .
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 excellent old fashion rental home. You can buy a condo, single-family home, or multi-unit home.
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Owning rental properties can be a fantastic source of income, however if not it is truly passive will probably depend on a couple image source of aspects. The more properties you own and the further tenants you manage, the more time 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's a potentially rewarding passive income source which could be totally new to you. You can add authorized users for 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 boost their credit score can get a increase in check my reference their score by simply piggybacking from your payment history.
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If youve never heard of selling/renting tradelines until it probably sounds absurd and dangerous. The first concern generally involves putting yourself at risk for adding an authorized user that you dont know and trust. But the procedure only involves adding the consumer to a account, the card will be sent to your address and you can destroy it.
But, there's still some risk involved. The risk involves the possibility of your credit card account being shut by the issuer, because in many situations this is going to 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're doing it. .
Its definitely not for everyone, but some people are making good money with very little effort. If you want to learn more I recommend reading this thread in Mr. Money Mustache for tons of details from a guy who's making a couple thousand dollars per month with this and its very passive. .
One of my favorite, easy ways to earn money is through credit card bonuses. Many credit cards will provide 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, then hitting $500 in 3 months is easy. .
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Nowthis isnt something which you can do all of the time, but you can sign up for a new credit card or two a year, depending on your situation. Ive made hundreds of bucks all the previous 2 or 3 years using this approach.
Don't go overboard. Opening too many new credit accounts in a short period of time can hurt your ability to get credit when you need it.