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P2P lending can be somewhat insecure, but there is potential for a pretty good return on your investment. If youre interested you should take the opportunity to educate yourself and ensure that you understand all of the particulars. Peer-to-Peer Lending 101 from Good Financial Cents is an excellent starting point. .
Real estate crowdfunding sites allow you to invest in property without all the headaches that typically go along with owning real estate. You dont have any of the job, you merely invest and take on some of the risk.
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This is a really common investment because so many people want to invest in real estate but dont have the time or want to be a landlord. In addition, in many cases you can begin with a relatively small investment.
REITs (Real Estate Investment Trust) offer another means to invest in property 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 possible to invest in property on a small 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 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.
Obviously, another option for investing in real estate would be the good old fashion rental property. You can purchase a condo, single-family residence , or multi-unit property.
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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 also the further tenants you manage, the more time you'll need to put into it. If you want straight from the source it to be a passive investment the best option is to hire a property manager. .
Here's a potentially rewarding passive income source that could be totally new to you. You can add authorized users to your own credit cards Visit Website (without actually giving them a card or access for your account) and be paid to do it. Individuals that are looking to improve their credit score can get 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 usually involves putting yourself at risk for adding an authorized user that you dont know and trust. However, the procedure only involves adding the user to a account, the card will be sent to your address and you can ruin it.
However, there is still some danger involved. The risk involves the possibility of your charge card account being shut by the issuer, because in many situations this is going to be violating the conditions. Its not illegal, however it will violate the details of the credit card companies, so that they may close your account if they know you are doing it. .
Its definitely not for everyone, but a few people are making good 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's making a couple thousand dollars per month with this and its very passive. .
One of my favorite, simple ways to make money is by way of 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. 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, then hitting $500 in 3 months is easy. .
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Now, this isnt something that you can do all of the time, but you can sign up for a new credit card two a year, depending on your situation. Ive made hundreds of bucks each of the previous two or three years with this approach.
Don't 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.