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P2P lending can be somewhat risky, but there is potential for a pretty good return on your investment. If youre interested you should take some opportunity to educate yourself and make sure you understand all of the details. Peer-to-Peer Lending 101 from Great Financial Cents is an excellent starting point. .
Real estate crowdfunding websites enable you to invest in real estate without all of the headaches that usually go along with owning property. You dont have any of this job, you simply invest and take on some of the risk.
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This is a really common investment because so many people want to invest in real estate but dont have enough time or want to become a landlord. Also, in many cases you can begin with a relatively modest investment.
REITs (Real Estate Investment Trust) provide 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 possible to invest in property on a small scale, and to earn a share of their 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 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 the good old fashion rental property. You could purchase a condo, single-family home, or multi-unit home.
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Owning rental properties can be a fantastic source of income, but whether or not it is really passive will probably depend on a couple of factors. The more properties you own and the more 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 is a potentially lucrative passive income source which could be completely new to you. You can add authorized users for your own credit cards (without actually giving them a card or access for your account) and be paid to do it. Individuals who are looking to improve their credit score can get a boost in their score by simply piggybacking off of your payment history.
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If youve never heard of selling/renting tradelines until 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 trust. However, the process only involves adding the consumer to a account, the card will be sent to your address and you can destroy it.
However, there is still some danger involved. The threat involves the chance of your credit card account being shut by the issuer, because in many situations this is going to be violating the terms. Its not illegal, however it does violate the terms of the credit card companies, so that they can close your account if they know you are doing it. .
Its definitely not for everyone, but some 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 tons of information from a man who's making a few thousand dollars per month with this and its very passive. .
One of my favorite, easy ways original site 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. As an instance, 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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Now, this isnt something which you can perform all of the time, however you can sign up to get a new credit card or two a year, depending on your situation. Ive made hundreds of dollars all the previous two or three years using this approach.
Don't go overboard. Opening too many new credit accounts in a brief time period can hurt your ability to get credit when you need it.