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P2P lending can be somewhat insecure, but there's potential for a fairly good return on your investment. In case youre interested you should take some time to educate yourself and make sure you understand all of the particulars. Peer-to-Peer Lending 101 from Great Financial Cents is an excellent starting point. .
Real estate crowdfunding websites enable you to invest in real estate without all of the headaches that typically 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 popular investment since so many people want to invest in property but simply dont have enough time or want to be a landlord. Also, in many instances you can get started with a relatively 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 property like office buildings, apartment complexes, shopping malls, or hotels. REITs make it feasible to invest in property on a small scale, and also to earn a share of their income produced. .
There are many different types 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 get started with real estate investing, REITs can be an excellent option.
Of course, another option for investing in real estate would be the good old fashion rental property. You could buy a condo, single-family residence or multi-unit property.
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Owning rental properties can be a great source of income, but if not it is really passive will depend on a couple of aspects. The more possessions you own and also the further 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 that may be totally new to you. You can add authorized users to your own credit cards (without really giving them a card or access for your account) and be paid to do it. People that are looking to improve their credit rating can find a increase in their score by simply piggybacking off of your payment history.
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If youve never heard of selling/renting tradelines before it probably sounds absurd and dangerous. The first concern generally involves putting yourself in danger for adding an authorized user which you dont know and trust. But the procedure only involves adding the user to a account, the card will be sent to your address and you can ruin it.
But, there's still some risk involved. The risk involves the chance of your charge card account being closed by the issuer, because in many cases this will be violating the terms. Its not illegal, but it does violate the details 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 some people are making good money with very little work. If you want to learn more I recommend reading this thread in Mr. Money Mustache for tons of details from a man who's making a couple thousand dollars per month with this and its very passive. .
One of my favourite, easy ways to make money is through credit card bonuses. Many credit cards will provide 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 anchor 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 easy. .
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Now, this isnt something that you can do all the time, however you can sign up for a new credit card or two a year, depending on your situation. Ive made hundreds of dollars all the past 2 or 3 years using this approach.
Don't go overboard. Opening too many new credit accounts in a brief period of time can hurt your ability to get credit when you need it.