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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 opportunity to educate yourself and make sure that you understand all of 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 the headaches that usually go along with owning property. You dont have any of this job, you simply invest and take on a few of the risk.
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This is a very common investment since so many men and women want to invest in real estate but simply dont have the time or want to become a landlord. In addition, in many cases you can begin with a relatively modest investment.
REITs (Real Estate Investment Trust) provide another way 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 property on a tiny scale, and also to earn a share of the income generated. .
There are several different kinds of REITs. Some are publicly traded on a stock exchange, and some 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 choice.
Obviously, another option for investing in real estate would be your good old fashion rental property. You can purchase a condo, single-family homeor multi-unit property.
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Owning rental properties can be a fantastic source of income, but if not it is truly passive will depend on a couple of factors. The more possessions you own and the more tenants you manage, the longer 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 is a potentially rewarding passive income source that could be completely new to you. You can add authorized users for your credit cards (without really giving them a card or access for your account) and be paid to do it. People who are looking to improve their credit score can find a increase in their score by simply piggybacking from your payment history.
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If youve never heard of selling/renting tradelines until it likely sounds absurd and dangerous. The first concern generally involves putting yourself in danger 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 own address and you can ruin it.
However, there's still some danger involved. The risk involves the chance 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, however it will violate the terms of the credit card companies, so they may close your account if they know you are doing it. .
Its definitely not for everyone, but some people are making excellent money with very little effort. If you want to learn more I recommend reading this thread at Mr. Money Mustache their explanation for lots of details from a guy who is making a few thousand dig this dollars per month with this and its very passive. .
One of my favorite, easy ways to make 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. 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 most of your purchases with a credit card, hitting $500 in 3 months is easy. .
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Now, this isnt something that you can do all of 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 each of the previous 2 or 3 years with 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.