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P2P lending can be somewhat insecure, but there is potential for a fairly good return on your investment. If youre interested you should take the opportunity to educate yourself and ensure that you understand all the particulars. Peer-to-Peer Lending 101 from Great Financial Cents is an excellent starting point. .
Real estate crowdfunding sites allow you to invest in real estate without all of the headaches that usually go along with owning real estate. You dont have any of the job, you merely invest and take on some of the threat.
There are countless property crowdfunding websites and there are many different kinds. Some allow you to invest in commercial properties. Others may specialize in big rental properties and communities. Others may concentrate on smaller properties which are being flipped.
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This is a very common investment because so many men and women want to invest in property but simply dont have enough time or desire to become a landlord. Also, in many instances you can get started with a rather small investment.
REITs (Real Estate Investment Trust) offer another means 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 feasible to invest in real estate on a tiny scale, and to earn a share of their income generated. .
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 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 choice.
Of course, another option for investing in real estate would be the good old fashion rental home. You can buy a condo, single-family home, or multi-unit property.
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Owning rental properties can be a great source of income, however whether or not it is truly passive will probably depend on a couple of factors. 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 lucrative 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 for your account) and be paid to do it. People that are looking to improve their credit score 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 before it probably sounds absurd and dangerous. The first concern usually involves putting yourself in danger for adding an authorized user that you dont know and hope. But the procedure only involves adding the user to your account, official source the card will be sent to your own address and you can ruin it.
However, there's still some danger involved. The risk involves the chance of your charge card account being closed by the issuer, because in most situations this will be violating the conditions. Its not illegal, however it does violate the terms of the charge card companies, so that they may close your account if they know you are doing it. .
Its definitely not for everyone, but a few folks are making excellent money with very little work. If you want to learn more I recommend reading read this thread in Mr. Money Mustache for lots of information from a man who's making a couple thousand dollars per month with this and its quite passive. .
One of my favourite, easy ways to make money is by way of credit card bonuses. Many credit cards can provide you a bonus just for signing up and for making a minimum amount of purchases on the card during an introductory period. For 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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Nowthis isnt something which you can do all of the time, but you can sign up to get a new credit card or two a year, depending on your situation. Ive made hundreds of bucks each of the previous 2 or 3 years using this approach.
Don't go overboard. Opening too many new credit accounts in a brief period of time can damage your ability to get credit when you need it.