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P2P lending can be somewhat risky, but there's potential for a pretty good return on your investment. In case youre interested you should take some opportunity to educate yourself and make sure that you understand all the particulars. Peer-to-Peer Lending 101 from Great Financial Cents is an excellent starting point. .
Real estate crowdfunding sites enable you to invest in property without all the headaches that typically go along with owning real estate. You dont have any of this job, you simply invest and take on some of the risk.
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This is a really common investment since so many people want to invest in real estate but dont have the time or want to be a landlord. Also, in many cases you can get started with a relatively 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 real estate such as office buildings, apartment complexes, shopping malls, or resorts. REITs make it feasible to invest in real estate on a small 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 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 option.
Of course, another option for investing in real estate is the excellent old fashion rental home. You can buy a condo, single-family home, or multi-unit home.
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Owning rental properties can be a great source of income, but whether or not it is really passive will depend on a few factors. The more properties you own and the further tenants you manage, the longer you'll 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 rewarding passive income source which 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 boost 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 likely sounds ridiculous and dangerous. The first concern generally involves putting yourself in danger for adding an authorized user that you dont know and hope. But the process only involves adding the user to your account, the card will be sent to your own address and you can destroy it.
But, there is still some danger involved. The risk involves the chance of your charge card account being closed by the issuer, because in most cases this will be read the full info here violating the terms. Its not illegal, however it will violate the details of the charge card companies, so that they may close your account if they know you are doing it. .
Its definitely not for everyone, but some folks are making good money with hardly any work. If you want to learn more I recommend reading this thread in Mr. Money Mustache for tons of details from a guy who is making a couple thousand dollars per month with this and its quite passive. .
One of my favourite, simple ways to make money is through credit card bonuses. Many credit cards can provide 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 most of your purchases with a credit card, hitting $500 in 3 months is easy. .
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Nowthis isnt something that you can do all of the time, however you can sign up for 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.