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P2P lending can be somewhat insecure, but there's potential for a fairly good return on your investment. In case youre interested you should take some opportunity to educate yourself and make sure that you understand all of the details. Peer-to-Peer Lending 101 from Good Financial Cents is an excellent starting point. .
Real estate crowdfunding sites enable you to invest in property without all the headaches that usually go along with owning real estate. You dont have any of the job, you simply invest and take on some of the risk.
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This is a very popular investment because so many men and women want to invest in real estate but dont have the time or want to become a landlord. Also, in many cases you can begin with a rather small investment.
REITs (Real Estate Investment Trust) offer another way to invest in property 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 real estate on a small scale, and also to earn a share of their income generated. .
There are many different kinds of REITs. Some are publicly traded on a stock exchange, and a few 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.
Of course, another option for investing in real estate would be the good old fashion rental property. You could buy a condo, single-family residence or multi-unit home.
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Owning rental properties can be a great source straight from the source of income, however whether or not it is really passive will 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 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 who are looking to improve their credit score can get a increase in their score by piggybacking off of your payment history.
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If youve never heard of selling/renting tradelines before it likely 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 process only involves adding the consumer to your 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 chance of your credit card account being closed by the issuer, because in many cases this is going to be violating the conditions. Its not illegal, but 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 a few 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 tons of details from a man who is making a few thousand dollars per month with this and its quite passive. .
One of my favorite, easy ways to earn money is through credit card bonuses. Many credit cards will provide 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 most of your purchases with a credit card, hitting $500 in 3 months is easy. .
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Now, this isnt something that you can perform all of the time, but you can sign up to get a new credit card two a year, depending on your situation. Ive made useful site hundreds of bucks each of the previous two or three years with this approach.
Don't go overboard. Opening too many new credit accounts in a brief period of time can hurt your ability to get credit when you need it.