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P2P lending can be somewhat insecure, but there's potential for a pretty good return on your investment. If youre interested you should take the opportunity to educate yourself and ensure 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 the headaches that typically go along with owning real estate. You dont have any of this work, you simply invest and take on a few of the threat.
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This is a really popular investment because so many men and women want to invest in real estate but dont have the time or desire to become a landlord. In addition, in many cases you can begin 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 such as office buildings, apartment complexes, shopping malls, or hotels. REITs make it feasible to invest in real estate on a small scale, and to earn a share of their income generated. .
There are several 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 get started with real estate investing, REITs can be an excellent option.
Of course, another option for investing in real estate is the good old fashion rental property. You could buy a condo, single-family residence , or multi-unit home.
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Owning rental properties can be a great source of income, however if not it is truly passive will depend on a couple of factors. 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 moved here best option is to hire a property manager. .
Here's a potentially rewarding passive income source that could be completely new to you. You can add authorized users to your 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 score can get a boost in their score by simply piggybacking from 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 usually involves putting yourself at risk for adding an authorized user that 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 ruin it.
But, there is still some danger 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 that they can close your account navigate here if they know you're doing it. .
Its definitely not for everyone, but some folks are making excellent money with very little work. If you want to learn more I recommend reading this thread at Mr. Money Mustache for lots of details from a man who is making a couple thousand dollars per month with this and its very passive. .
One of my favourite, simple 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 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 with a credit card, hitting $500 in 3 months is easy. .
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Nowthis isnt something that you can perform 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 dollars all the past 2 or 3 years using this approach.
Don't visit go overboard. Opening too many new credit accounts in a brief period of time can damage your ability to get credit when you need it.