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P2P lending can be a bit risky, but there is potential for a fairly good return on your investment. In case youre interested you should take the time 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 typically go along with owning property. You dont have any of this work, you merely invest and take on some 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 enough time or want to be a landlord. Also, in many cases you can get started with a relatively small 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 hotels. REITs make it possible to invest in property on a tiny scale, and also to earn a share of the income produced. .
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 get started with real estate investing, REITs can be an excellent choice.
Of course, another option for investing in real estate would be your excellent old fashion rental property. You could purchase a condo, single-family residence or multi-unit property.
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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 factors. The more properties you own and also 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 actually giving them a card or access for your account) and be paid to do it. People who are looking to improve their credit rating can find a increase in their score by piggybacking off of 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 usually involves putting yourself in danger for adding an authorized user that you dont know and hope. But the process only involves adding the user to your 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 possibility of your charge card account being shut by the issuer, because in most situations this will 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 some people are making excellent money with very little effort. If you want to learn more I recommend reading this thread in Mr. Money Mustache for lots of details from a guy who is making a few thousand dollars per click resources month with this and its very passive. .
One of my favorite, simple ways to earn money is by way of credit card bonuses. Many credit cards can 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 using a credit card, hitting $500 in 3 months is easy. .
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Now, this isnt something which you can perform all the time, but you can sign up for a new credit card two a year, depending on your situation. Ive made hundreds of dollars all the past two or three years using this approach.
Don't go overboard. Opening too many new credit accounts in read this article a brief period of time can hurt your ability to get credit when you need it.