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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 make sure you understand all of 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 the job, you merely invest and take on some of the threat.
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This is a really common investment because so many men and women want to invest in property but simply dont have enough time or desire 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 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 possible to invest in property on a tiny scale, and also to earn a share of their income generated. .
There are several different types of REITs. Some are publicly traded on a stock exchange, and some are not. REITs might 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 option.
Of course, another option for investing in real estate would be the excellent 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 fantastic source of income, however whether or not it sites is truly passive will depend on a few aspects. The more possessions you own and the further tenants you manage, the more time 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's a potentially lucrative passive income source which may be totally 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 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 click here to read involves putting yourself at risk for adding an authorized user that you dont know and hope. But the procedure only involves adding the user 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 situations this is going to be violating the conditions. Its not illegal, but it does violate the terms of the charge card companies, so that they can close your account if they know you're doing it. .
Its definitely not for everyone, but a few 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 lots of details from a guy who's making a couple thousand dollars per month with this and its very passive. .
One of my favorite, simple ways to earn money is through 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 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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Nowthis isnt something that you can do 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 bucks all the previous two or three years with 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.