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P2P lending can be somewhat risky, but there's potential for a fairly good return on your investment. In case youre interested you should take some opportunity to educate yourself and make sure you understand all the particulars. Peer-to-Peer Lending 101 from Good Financial Cents is an excellent starting point. .
Real estate crowdfunding websites allow you to invest in property without all of the headaches that usually go along with owning property. You dont have any of this job, you simply invest and take on a few of the threat.
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This is a really common investment because so many men and women want to invest in property but simply dont have the time or desire to be a landlord. Also, in many instances you can begin with a relatively small investment.
REITs (Real Estate Investment Trust) offer another way to invest in property without the hassle of being a landlord. The REIT owns income-producing property like office buildings, apartment complexes, shopping malls, or resorts. REITs make it possible to invest in real estate on a small scale, and also to earn a share of the income produced. .
There are many 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.
Obviously, another option for investing in real estate is the good old fashion rental property. You could purchase a condo, single-family homeor multi-unit property.
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Owning rental properties can be a great source of income, but find this whether or not it is truly passive will depend on a few factors. The more possessions you own and also the more tenants you manage, the longer you'll need to put into it. If you want it to be a passive investment the best option is to hire a property manager. .
Here's a potentially rewarding passive income source which may be totally new to you. You can add authorized users to your credit cards (without actually giving them a card or access for your account) and be paid to do it. People who are looking to boost their credit score can get check here a increase in their score by piggybacking from your payment history.
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If youve never heard of selling/renting tradelines until it probably sounds ridiculous and dangerous. The first concern generally involves putting yourself in danger for adding an authorized user which you dont know and trust. However, the procedure only involves adding the consumer to your account, the card will be sent to your address and you can destroy it.
But, there's still some danger involved. The risk involves the possibility of your credit card account being closed by the issuer, because in many cases this will be violating the terms. Its not illegal, but it will violate the terms 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 good money browse around these guys with hardly any work. If you want to learn more I recommend reading this thread at Mr. Money Mustache for lots of information from a man who's making a couple thousand dollars per month with this and its quite passive. .
One of my favourite, easy ways to earn 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. 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 the majority of your purchases using a credit card, hitting $500 in 3 months is simple. .
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Now, this isnt something that you can do all the time, however you can sign up to get a new credit card two a year, depending on your situation. Ive made hundreds of bucks each of the previous two or three years using this approach.
Don't go overboard. Opening too many new credit accounts in a brief period of time can hurt your ability to get credit when you need it.