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P2P lending can be a bit insecure, but there's potential for a fairly good return on your investment. If youre interested you should take some opportunity to educate yourself and ensure you understand all the details. 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 of the headaches that usually go along with owning real estate. You dont have any of this job, you simply invest and take on some 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 enough time or want to be a landlord. Also, in many instances you can begin with a relatively small investment.
REITs (Real Estate Investment Trust) offer another means to invest in property 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 feasible to invest in real estate on a small scale, and to earn a share of their income generated. .
There are many different kinds 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 excellent old fashion rental property. You could buy 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 depend on a couple of aspects. The more possessions you own and the further tenants you manage, the longer 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 rewarding passive income source that could be completely 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 improve their credit score can get a increase in their score by piggybacking off of your payment history.
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If youve never heard of selling/renting tradelines before it likely sounds absurd and dangerous. The first concern usually 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 a account, the card will be sent to your own address and you can ruin it.
However, there's still some risk involved. The risk involves the possibility of your charge card account being shut by the issuer, because in most situations this is going to be violating the terms. Its not illegal, but it will violate the details of the credit card companies, so that they may close your account if they know you're doing it. .
Its definitely not for everyone, but a few people are making excellent 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 guy who's making a few thousand dollars per month with this and its quite passive. .
One of my favorite, simple ways to make money is by way of 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 the majority of your purchases with a credit card, then hitting $500 in 3 months is easy. .
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Nowthis isnt something that you can perform 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 dollars all the here are the findings previous 2 or 3 years using 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.