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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 the opportunity to educate yourself and ensure you understand all of the particulars. Peer-to-Peer Lending 101 from Good Financial Cents is an excellent starting point. .
Real estate crowdfunding websites enable you to invest in real estate without all the headaches that typically go along with owning property. You dont have any of the job, you simply invest and take on some of the risk.
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This is a really common investment because so many people want to invest in real estate but dont have enough time or want to be a landlord. In addition, in many cases you can begin with a rather modest investment.
REITs (Real Estate Investment Trust) provide another way to invest in real estate 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 property on a tiny scale, and also to earn a share of the income generated. .
There are many different types of REITs. Some are publicly traded on a stock exchange, and a few are not. REITs may 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 choice.
Obviously, another option for investing in real estate would be your 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 of income, however if not it is truly passive will probably depend on a couple of factors. The more properties 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 is a potentially lucrative passive income source which may be totally new to you. You can add authorized users for your credit cards (without really giving them a card or access for your account) and be paid to do it. Individuals that are looking to improve their credit score can get a increase in their score by piggybacking from your payment history.
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If youve never heard of selling/renting tradelines until it probably sounds ridiculous and dangerous. The first concern generally involves putting yourself at risk for adding an authorized user that 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 is still some danger involved. The threat 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, however it will violate the details of the credit card companies, so that they can close your account if they know you are doing it. .
Its definitely not for everyone, but some people are making good money with very little effort. If you want to learn more I recommend reading this thread at Mr. Money Mustache description for tons of information from a man who is making a few thousand dollars per month with this and its very passive. .
One of my favourite, easy ways to earn 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 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 using a credit card, then hitting $500 in 3 months is simple. .
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Nowthis isnt something that you can perform all the time, but you can sign up for a new credit card two a year, depending on your situation. Ive made hundreds of bucks all the past two or three years with 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.