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P2P lending can be somewhat risky, but there's potential for a pretty good return on your investment. In case youre interested you should take the time to educate yourself and ensure that you understand all the details. Peer-to-Peer Lending 101 from Great Financial Cents is an excellent starting point. .
Real estate crowdfunding websites enable you to invest in property without all of the headaches that typically go along with owning real estate. You dont have any of the job, you simply invest and take on a few of the threat.
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This is a very popular investment since so many men and women want to invest in property but simply dont have the time or want to become a landlord. Also, in many instances you can get started with a relatively modest 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 real estate like office buildings, apartment complexes, shopping malls, or hotels. REITs make it possible to invest in property on a small scale, and also to earn a share of their income generated. .
There are several different kinds of REITs. Some are publicly traded on a stock exchange, and a few are not. REITs may 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 option.
Obviously, another option for investing in real estate would be your excellent old fashion rental property. You can purchase a condo, single-family home, or multi-unit property.
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Owning rental properties can be a great source of income, however whether or not it is really passive will probably depend on a few factors. The more properties you own and also the further tenants you manage, the longer you will 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 is a potentially rewarding passive income source which may be totally new to you. You can add authorized users for your own credit cards (without actually giving them a card or access for your account) and be paid to do it. People who are looking to improve their credit score can get a increase in their score by simply piggybacking from your payment history.
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If youve never heard of selling/renting Discover More 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. But the procedure only involves adding the consumer to a account, the card will be sent to your address and you can ruin it.
However, there's still some danger involved. The risk involves the possibility of your charge card account being closed by the issuer, because in many situations this will be violating the terms. Its not illegal, however it does violate the terms of the charge card companies, so that they can close your account if they know you're doing it. .
Its definitely not for everyone, but some folks are making excellent 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 see this man who is making a few thousand dollars per month with this and its very passive. .
One of my favourite, easy ways to make money is by way of 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 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 the majority of your purchases with a credit card, then hitting $500 in 3 months is simple. .
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Now, this isnt something which you can perform all of the time, however you can sign up to get a new credit card or two a year, depending on Check This Out your situation. Ive made hundreds of dollars each of the previous 2 or 3 years with this approach.
Don't go overboard. Opening too many new credit accounts in a short time period can damage your ability to get credit when you need it.