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P2P lending can be somewhat insecure, but there's potential for a fairly good return on your investment. If youre interested you should take the opportunity to educate yourself and ensure 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 of the headaches that usually 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 very popular investment because so many people want to invest in property but dont have the time or desire to be a landlord. Also, in many instances you can begin with a rather modest investment.
REITs (Real Estate Investment Trust) provide another means 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 hotels. REITs make it possible to invest in real estate on a small scale, and to earn a share of the income generated. .
There are several different types of REITs. Some are publicly traded on a stock exchange, and a few 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.
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 if not it is truly passive will probably depend on a few aspects. 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 lucrative passive income source which 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 who are looking to improve their credit score can find a boost in their score by piggybacking off of your payment history.
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If youve never heard of selling/renting tradelines before it probably sounds ridiculous and dangerous. The first concern generally involves putting yourself in danger for adding an authorized user that you dont know and trust. But the process only involves adding the consumer to a account, the card will be sent to your address and you can ruin it.
But, there is still some risk involved. The risk involves the possibility of your credit card account being closed by the issuer, because in most situations this is going to be violating the terms. Its not illegal, but it will violate the details of the credit card companies, so they may close your account if they know you are doing it. .
Its definitely not for everyone, but some 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 details from a guy who's making a couple thousand dollars per month with this and that site its quite passive. .
One of my favorite, 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. As an 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 the majority of your purchases company website using a credit card, then hitting $500 in 3 months is easy. .
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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 bucks all the past two or three years using 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.