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P2P lending can be a bit insecure, 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 you understand all the details. Peer-to-Peer Lending 101 from Good Financial Cents is an excellent starting point. .
Real estate crowdfunding websites allow you to invest in real estate without all of the headaches that usually go along with owning property. You dont have any of the work, you merely invest and take on a few of the risk.
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This is a very popular investment because so many men and women want to invest in property but dont have the time or want to become a landlord. In addition, in many cases you can begin with a rather modest investment.
REITs (Real Estate Investment Trust) offer another means 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 resorts. REITs make it feasible to invest in property on a tiny scale, and to earn a share of the income produced. .
There are many different kinds of REITs. Some are publicly traded on a stock exchange, and a few 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 start with real estate investing, REITs can be an excellent option.
Of course, another option for investing in real estate is the excellent old fashion rental home. You can buy a condo, single-family homeor multi-unit home.
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Owning rental properties can be a great source of income, but whether or not it is truly passive will probably depend on a few aspects. The more properties 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 find out here now passive investment the best option is to hire a property manager. .
Here's a potentially lucrative passive income source which could be totally new to you. You can add authorized users to your own credit cards (without actually giving them a card or access for webpage your account) and be paid to do it. Individuals who are looking to improve their credit rating can get a increase in their score by piggybacking off of 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 in danger for adding an authorized user that you dont know and trust. However, the process only involves adding the consumer to your account, the card will be sent to your own address and you can destroy it.
But, there's still some risk involved. The threat involves the possibility of your charge card account being closed by the issuer, because in many cases this will be violating the terms. Its not illegal, however it does violate the terms of the credit card companies, so that they can close your account if they know you are doing it. .
Its definitely not for everyone, but some folks 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 information from a man who is making a couple thousand dollars per month with this and its very passive. .
One of my favorite, simple ways to make 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. As an 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 the majority of your purchases using a credit card, hitting $500 in 3 months is easy. .
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Now, this isnt something which you can do 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 all the 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 damage your ability to get credit when you need it.