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P2P lending can be somewhat risky, but there's potential for a fairly good return on your investment. If youre interested you should take some time to educate yourself and ensure that you understand all of the details. 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 of the headaches that usually go along with owning real estate. You dont have any of the job, you merely 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 real estate but simply dont have the time or want to become a landlord. In addition, in many cases you can get started with a rather small investment.
REITs (Real Estate Investment Trust) offer another way to invest in real estate without the hassle of being a landlord. The REIT owns income-producing property such as office buildings, apartment complexes, shopping malls, or hotels. REITs make it possible to invest in real estate on a tiny 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 might 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 choice.
Obviously, another option for investing in real estate would be your good old fashion rental property. You could buy a condo, single-family homeor 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 probably depend on a few factors. The more possessions you own and the more tenants you manage, the more time you will 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 lucrative passive income source that could be completely new to you. You can add authorized users to 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 boost their credit score 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 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. However, the procedure only involves adding the user to a account, the card will be sent to your address and you can destroy it.
However, there is still some risk involved. The threat involves the possibility of your credit card account being shut by the issuer, because in most cases this is going to be violating the terms. Its not illegal, but it does violate the details of the credit card companies, so that 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 very little effort. If you want to learn more I recommend reading this thread in Mr. Money Mustache for lots of information from a guy who is making a couple thousand dollars per month with this and its very passive. .
One of my favorite, easy ways to earn money is through 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. 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 with a credit card, then look at this site hitting $500 in 3 months is simple. .
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Now, this isnt something that you can perform all of the time, but you can sign up for a new credit card or two a year, depending on your situation. Ive made hundreds of dollars all the that site previous 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.