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P2P lending can be a bit insecure, but there is potential for a fairly 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 Good Financial Cents is an excellent starting point. .
Real estate crowdfunding sites allow you to invest in real estate without all the headaches that typically go along with owning property. You dont have any of this job, you simply invest and take on some of the threat.
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This is a very popular investment since so many people want to invest in property but dont have enough time or desire to become a landlord. In addition, in many instances you can get started with a relatively small investment.
REITs (Real Estate Investment Trust) offer another way to invest in property without the hassle of being a landlord. The REIT owns income-producing real estate such as office buildings, apartment complexes, shopping malls, or hotels. REITs make it possible to invest in real estate on a small scale, and to earn a share of their income produced. .
There are several different kinds of REITs. Some are publicly traded on a stock exchange, and a few are not. REITs may 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 property.
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Owning rental properties can be a fantastic source of income, but if not it is really passive will depend on a few aspects. The more properties you own and the further tenants you manage, the longer you will 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 for your own credit cards (without really giving them a card or access to your account) and be paid to do it. People who are looking to improve their credit score can get a boost in their score by piggybacking from your payment history.
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If youve never heard of selling/renting tradelines before it likely sounds absurd and dangerous. The first concern usually involves putting yourself at risk for adding an authorized user which you dont know and trust. But the process 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 danger involved. The threat involves the chance of your credit card account being shut by the issuer, because in most cases this will be violating the terms. Its not illegal, however it will violate the details of the charge card companies, so they may close your account if they know you are doing it. . read here
Its definitely not for everyone, but some folks are making excellent money with hardly any effort. If you want to learn more I recommend reading this thread in Mr. Money Mustache for lots of information from a guy who's making a couple thousand dollars per month with this and its quite passive. .
One of my favorite, simple 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 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 using a credit card, then More Info hitting $500 in 3 months is simple. .
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Now, this isnt something which you can perform all of the time, however you can sign up for a new credit card or two a year, depending on your situation. Ive made hundreds of bucks each of the past two or three years using 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.