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P2P lending can be somewhat insecure, but there is potential for a fairly good return on your investment. If youre interested you should take some opportunity to educate yourself and ensure that you understand all of the particulars. Peer-to-Peer Lending 101 from Great Financial Cents is an excellent starting point. .
Real estate crowdfunding websites allow you to invest in property without all the headaches that usually go along with owning real estate. You dont have any of this work, you simply invest and take on a few of the threat.
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This is a very popular investment since so many men and women want to invest in real estate but dont have enough time or desire to be a landlord. Also, in many cases you can get started with a rather modest investment.
REITs (Real Estate Investment Trust) offer another means to invest in real estate 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 possible to invest in property on a tiny scale, and also 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 get started with real estate investing, REITs can be an excellent option.
Obviously, another option for investing in real estate would be your excellent old fashion rental property. You can buy a condo, single-family homeor multi-unit home.
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Owning rental properties can be a great source of income, but whether or not it is really passive will depend on a couple of factors. The more properties you own and 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 is a potentially lucrative passive income source that could be totally new to you. You can add authorized users to your own credit cards (without actually giving them a card or access for your account) and be paid to do it. People who are looking to boost their credit rating can get a increase in their score by piggybacking from your payment history.
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If youve never heard of selling/renting tradelines until it probably sounds ridiculous and dangerous. The first concern generally involves putting yourself at risk for adding an authorized user which you dont know and trust. However, the procedure only involves adding the user to a account, the card will be sent to your own address and you can destroy it.
However, there is still some danger involved. The risk involves the possibility of your charge card account being shut by the issuer, because in many situations this will be violating the terms. Its not illegal, but it will violate the details 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 folks are making excellent money with very little effort. If you want to learn more I recommend reading this thread at Mr. Money Mustache click for lots of information from a man who is making a few thousand dollars per month with this and its very passive. .
One of my favorite, simple ways to make money is by way of credit card bonuses. Many credit cards can give you check out here 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 most of your purchases using a credit card, then hitting $500 in 3 months is easy. .
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Nowthis isnt something which you can perform all the time, however you can sign up to get a new credit card two a year, depending on your situation. Ive made hundreds of dollars each of the past 2 or 3 years using this approach.
Don't go overboard. Opening too many new credit accounts in a short period of time can damage your ability to get credit when you need it.