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P2P lending can be somewhat risky, but there is potential for a fairly good return on your investment. If youre interested you should take some time to educate yourself and ensure you understand all 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 real estate without all the headaches that usually go along with owning property. You dont have any of the work, you merely invest and take on a few of the risk.
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This is a really popular investment because so many people want to invest in property but simply dont have the time or desire to be a landlord. In addition, in many instances you can begin with a rather 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 possible to invest in real estate 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 some 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 choice.
Obviously, another option for investing in real estate would be the good old fashion rental home. You could purchase a condo, single-family home, or multi-unit property.
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Owning rental properties can be a great source of income, however if not it is really passive will depend on a few factors. The more properties you own and also the further tenants you manage, the longer you'll 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's a potentially rewarding passive income source which may be totally new to you. You can add authorized users for your credit cards (without actually giving them a card or access to your account) and be paid to do it. Individuals that are looking to improve their credit score can get a boost in their score by simply piggybacking from your payment history.
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If youve never heard of selling/renting tradelines before it probably sounds absurd and dangerous. The first concern usually involves putting yourself in danger for adding an authorized user which you dont know and trust. But the process only involves adding the user to your account, the card will be sent to your own address and you can ruin it.
However, there's still some danger involved. The threat involves the possibility of your charge card account being shut by the issuer, because in many cases this is going to be violating the conditions. Its not illegal, but it will violate the details of the charge card companies, so they may 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 work. If you want to learn more I recommend reading this thread in Mr. Money Mustache for tons of details from a man who's making a couple thousand dollars per month with this and its quite passive. .
One of my favourite, simple great site ways to make 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 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 using a credit card, hitting $500 in 3 months is simple. .
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Now, this isnt something which you can do 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 each of the past two or three years using this approach.
Don't go overboard. Opening you could try this out too many new credit accounts in a brief time period can hurt your ability to get credit when you need it.