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P2P lending can be a bit 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 ensure you understand all of the details. Peer-to-Peer Lending 101 from Good Financial Cents is an excellent starting point. .
Real estate crowdfunding sites allow you to invest in real estate without all of 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 really popular investment since so many men and women want to invest in real estate but simply dont have enough 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 property such as office buildings, apartment complexes, shopping malls, or resorts. REITs make it feasible to invest in property on a tiny scale, and to earn a share of the 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.
Obviously, another option for investing in real estate is the good old fashion rental home. You can purchase a condo, single-family residence , or multi-unit home.
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Owning rental properties can be a great source of income, but if not it is really passive will depend on a few aspects. The more possessions you own and also the more 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's a potentially rewarding passive income source that could be totally new to you. You can add authorized users to your own credit cards (without really giving them a card or Continue access for your account) and be paid to do it. People that are looking to boost their credit score can get a boost in their score by piggybacking off of your payment history.
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If youve never heard of selling/renting tradelines until it probably sounds absurd and dangerous. The first concern usually involves putting yourself at risk for adding an authorized user which you dont know and trust. But the process only involves adding the consumer to your account, the card will be sent to your address and you can destroy it.
But, there's still some risk 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 terms. Its not illegal, however it does 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 a few people are making good money with very little work. If you want to learn more I recommend reading this thread at Mr. Money Mustache for lots of information from a guy who is making a couple thousand dollars per month with this and its very passive. .
One of my favourite, simple ways to make money is through credit card bonuses. Many credit cards can give you a bonus just for signing up why not try these out 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, hitting $500 in 3 months is simple. .
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Now, this isnt something that you can do all the time, however you can sign up for a new credit card two a year, depending on your situation. Ive made hundreds of dollars all the past 2 or 3 years with this approach.
Don't go overboard. Opening too many new credit accounts in a short time period can damage your ability to get credit when you need it.