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P2P lending can be a bit risky, but there is potential for a pretty good return on your investment. In case youre interested you should take the opportunity 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 websites allow you to invest in real estate without all the headaches that usually go along with owning real estate. You dont have any of the work, you merely invest and take on a few of the threat.
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This is a very common investment because so many people want to invest in real estate but dont have the time or want to become a landlord. Also, in many instances you can get started with a rather small investment.
REITs (Real Estate Investment Trust) provide 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 resorts. REITs make it feasible to invest in property on a tiny scale, and to earn a share of their income produced. .
There are many different kinds of REITs. Some are publicly traded on a stock exchange, and some 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 start with real estate investing, REITs can be an excellent choice.
Of course, another option for investing in real estate would be your excellent old fashion rental home. You could buy a condo, single-family home, or multi-unit property.
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Owning rental properties can be a fantastic source of income, but if not it is truly passive will probably depend on a couple of aspects. 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 Web Site 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 completely 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 rating can find a boost in their score by simply piggybacking off of 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 which you dont know and hope. But the procedure only involves adding the consumer to your account, the card will be sent to your own address and you can destroy it.
However, there's still some risk involved. The threat involves the possibility of your credit card account being closed by the issuer, because in many situations this will be violating the terms. Its not illegal, but it does violate the terms of the charge card companies, so they may close your account if they know you're doing it. .
Its definitely not for everyone, but a few people are making excellent money with hardly any work. If you want to learn more I recommend reading this thread at Mr. Money Mustache for lots of information from a guy who's making a few thousand dollars per month with this and its quite passive. .
One of my favorite, simple ways to make money is by way of 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. As an 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 the majority of your purchases with a credit card, then hitting $500 in 3 months is simple. .
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Now, this isnt something that you can do all of the time, however you can sign up to get a new credit card or 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.