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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 the opportunity to educate yourself and ensure that you understand all of the details. Peer-to-Peer Lending 101 from Great Financial Cents is an excellent starting point. .
Real estate crowdfunding websites enable you to invest in property without all the headaches that typically go along with owning property. You dont have any of this work, you simply invest and take on a few of the risk.
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This is a really popular investment since so many people want to invest in property but dont have enough time or want to be a landlord. In addition, 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 property like office buildings, apartment complexes, shopping malls, or hotels. REITs make it feasible to invest in property on a tiny scale, and also to earn a share of the income generated. .
There are several 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 start with real estate investing, REITs can be an excellent choice.
Of course, another option for investing in real estate is the good old fashion rental property. You can purchase a condo, single-family residence , or multi-unit property.
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Owning rental properties can be a great source of income, however whether or not it is really passive will probably depend on a couple of factors. The more possessions you own and also the more tenants you manage, the more time you will need to put into it. If you want it to be a why not look here passive investment the best option is to hire a property manager. .
Here is a potentially rewarding passive income source that could be completely new to you. You can add authorized users to your credit cards (without actually giving them a card or access to your account) and be paid to do it. People that are looking to improve their credit score can get a increase in their score by simply piggybacking from your payment history.
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If youve never heard of selling/renting tradelines until it likely sounds ridiculous and dangerous. The first concern usually involves putting yourself in danger for adding an authorized user which you dont know and hope. But the process only involves adding the user to a account, the card will be sent to your own address and you can ruin it.
But, there's still some danger involved. The risk involves the chance of your credit card account being closed by the issuer, because in most situations this is going to be violating the conditions. Its not illegal, however it will violate the details of the credit card companies, so they may close your account if they know you are doing it. .
Its definitely not for everyone, but some people are making excellent money with hardly any effort. If you want to learn more I recommend reading this thread in Mr. Money Mustache for tons of information from a guy who is making a few thousand dollars per month with this and its very passive. .
One of my favorite, easy ways to make money is through credit card bonuses. Many credit cards will give you a bonus just for signing up and for making a minimum amount of purchases on the card during an introductory period. For 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 with a credit card, then hitting $500 in 3 months is simple. .
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Now, this isnt something which you can perform all of 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 previous 2 or 3 years using this approach.
Don't go overboard. Opening too many new credit accounts in a brief time period can damage your ability to get credit when you need it.