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P2P lending can be a bit risky, but there is potential for a fairly good return on your investment. If youre interested you should take some time to educate yourself and ensure that you understand all the details. 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 of the headaches that typically go along with owning real estate. You dont have any of the work, you merely invest and take on some of the risk.
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This is a very popular investment since so many men and women want to invest in property but dont have enough time or desire to become a landlord. In addition, in many cases you can begin with a rather 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 property like office buildings, apartment complexes, shopping malls, or hotels. REITs make it possible to invest in property on a tiny scale, and also to earn a share of the income produced. .
There are several different types of REITs. Some are publicly traded on a stock exchange, and a few 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 get started 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 can buy a condo, single-family home, or multi-unit property.
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Owning rental properties can be a great recommended you read source of income, but whether or not it is really passive will depend on a few aspects. The more possessions you own and the more visite site 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 that could be completely new to you. You can add authorized users for your own credit cards (without really giving them a card or access to your account) and be paid to do it. Individuals who are looking to improve their credit score can find a increase in their score by more tips here simply piggybacking from your payment history.
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If youve never heard of selling/renting tradelines until it probably sounds absurd and dangerous. The first concern generally involves putting yourself at risk for adding an authorized user that you dont know and trust. But 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's still some danger involved. The threat involves the possibility of your credit card account being closed by the issuer, because in most cases this will be violating the terms. Its not illegal, but it will violate the terms of the charge card companies, so that they can close your account if they know you are doing it. .
Its definitely not for everyone, but a few people are making excellent money with very little effort. If you want to learn more I recommend reading this thread in Mr. Money Mustache for tons of information from a man who's making a few thousand dollars per month with this and its very passive. .
One of my favorite, simple ways to earn money is through 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. 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 most of your purchases with 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 to get a new credit card or two a year, depending on your situation. Ive made hundreds of bucks all the past two or three years with this approach.
Don't go overboard. Opening too many new credit accounts in a brief time period can hurt your ability to get credit when you need it.