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P2P lending can be somewhat risky, but there is potential for a pretty good return on your investment. In case youre interested you should take the opportunity to educate yourself and ensure 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 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 because so many people want to invest in real estate but dont have the time or want to become a landlord. In addition, in many instances you can get started with a relatively small investment.
REITs (Real Estate Investment Trust) offer another way to invest in property without the hassle of being a landlord. The REIT owns income-producing real estate like office buildings, apartment complexes, shopping malls, or hotels. REITs make it feasible to invest in property on a small scale, and to earn a share of the income produced. .
There are many 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 is the excellent old fashion rental home. You can buy a condo, single-family residence , or multi-unit property.
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Owning rental properties can be a fantastic source of income, but if not it is really passive will probably depend on a couple of factors. The more possessions you own and also the further tenants you manage, the more time you'll need to put into it. If you want it to be a passive investment 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 to your own credit cards (without really giving them a card or access to your account) and be paid to do it. Individuals who are looking to improve their credit score can find a boost 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 ridiculous and dangerous. The first concern usually involves putting yourself in danger for adding an authorized user which you dont know and hope. But the procedure only involves adding the user to your account, the card will be sent to your own address and you can ruin it.
But, there is still some risk involved. The threat involves the chance of your credit card account being closed by the issuer, because in most cases this will be violating the conditions. Its not illegal, however it will violate the terms of the credit card companies, so they can close your account if they know you are doing it. .
Its definitely not for everyone, but a few people are making good money with hardly any work. If you want to learn more I recommend reading this thread at Mr. Money Mustache for tons of information from a guy who is making a couple thousand dollars per month with this and its quite passive. .
One of my favourite, easy ways to earn money is through credit card bonuses. Many credit cards can provide you a bonus just for signing up and for making a minimum amount of purchases on check that 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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Now, this isnt something which you can do all of the time, but you can sign up to get a new credit card two a year, depending on your situation. Ive made hundreds of bucks each view of the past 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.