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P2P lending can be somewhat risky, but there's potential for a pretty good return on your investment. In case youre interested you should take some time to educate yourself and make sure you understand all the details. Peer-to-Peer Lending 101 from Great Financial Cents is an excellent starting point. .
Real estate crowdfunding sites enable you to invest in real estate without all the headaches that usually go along with owning property. 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 the time or desire to become a landlord. Also, in many cases you can get started with a rather 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 hotels. REITs make it feasible to invest in real estate on a small 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 might 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 option.
Obviously, another option for investing in real estate is your 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 great source of income, however whether or not it is truly passive will probably depend on a couple of factors. The more possessions 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 lucrative passive income source that 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 boost their credit rating can find a boost in their score by piggybacking from your payment history.
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If youve never heard of selling/renting tradelines before it probably sounds ridiculous and dangerous. The first concern generally involves putting yourself at risk for adding an authorized user which you YOURURL.com dont know and hope. However, the process only involves adding the consumer to your account, the card will be sent to your address and you can destroy it.
However, there's still some danger involved. The risk involves the chance of your charge card account being closed by the issuer, because in many cases this is going to be violating the terms. Its not illegal, however it will violate the terms of the charge card companies, so they can close your account if they know you are doing it. .
Its definitely not for everyone, but some folks 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's making a couple thousand dollars per month with this and its very passive. .
One of my favourite, simple 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 with a credit card, hitting $500 in 3 months is simple. .
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Nowthis isnt something additional resources that 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 all the previous two or three years using this approach.
Don't go overboard. Opening too many new credit accounts in a short period of time can hurt your ability to get credit when you need it.