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P2P lending can be a bit insecure, but there is potential for a fairly good return on your investment. If youre interested you should take some opportunity 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 property without all the headaches that usually go along with owning real estate. You dont have any of this work, you simply invest and take on some of the threat.
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This is a really popular investment since so many people want to invest in property but simply dont have enough time or want to become a landlord. In addition, in many instances you can begin with a relatively small investment.
REITs (Real Estate Investment Trust) provide another way 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 resorts. REITs make it possible 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 some are not. REITs might 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.
Obviously, another option for investing in real estate would be your excellent 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, however if not it is really passive will depend on a few factors. The more possessions you own and the more tenants you manage, the more time 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 rewarding passive income source that could be totally new to you. You can add authorized users for your credit cards (without really giving them a card or access to your account) and be paid to do it. People 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 until it likely sounds ridiculous and dangerous. The first concern usually involves putting yourself at risk for adding an authorized user which you dont know and hope. However, the process only involves adding the user to your account, the card will be sent to your address and you can destroy it.
But, there is still some risk involved. The risk involves the chance of your credit card account being closed by the issuer, because in many cases this will be violating the conditions. Its not illegal, however it does violate the terms 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 some my website people are making good 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 man who's making a few thousand dollars per month with this and its quite passive. .
One of my favourite, easy ways to get redirected here make money is through credit card bonuses. Many credit cards can 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 most of your purchases using a credit card, then hitting $500 in 3 months is easy. .
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Now, this isnt something which you can perform all of the time, but you can sign up to get 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 go overboard. Opening too many new credit accounts in a short Bonuses time period can damage your ability to get credit when you need it.