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P2P lending can be a bit insecure, but there is potential for a pretty good return on your investment. In case youre interested you should take some opportunity to educate yourself and make sure you understand all of the particulars. Peer-to-Peer Lending 101 from Good Financial Cents is an excellent starting point. .
Real estate crowdfunding sites enable you to invest in real estate without all of the headaches that typically go along with owning property. You dont have any of the job, you simply 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 simply dont have enough time or want to be a landlord. Also, in many cases you can get started with a relatively modest investment.
REITs (Real Estate Investment Trust) provide another way to invest in real estate 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 to earn a share of the income generated. .
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 kind of mutual funds or ETFs.
The Ultimate Guide To Passive Income In Netherlands - Passive Income Ideas
If youre looking for an easy way to start with real estate investing, REITs can be an excellent choice.
Of course, another option for investing in real estate would be the good old fashion rental home. You could purchase a condo, single-family residence , or multi-unit home.
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Owning rental properties can be a fantastic source of income, but if not it is really passive will probably my sources depend on a few factors. The more properties you own and the more tenants you manage, the longer you will need to put into it. If you want it to be a passive investment the best option is to hire a property manager. .
Here is a potentially lucrative passive income source which could be completely new to you. You can add authorized users for your own credit cards (without really giving them a card or access for your account) and be paid to do it. People who are looking to boost their credit rating can get a increase in their score by piggybacking from your payment history.
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If youve never heard of selling/renting tradelines before it probably sounds ridiculous and dangerous. The first concern usually involves putting yourself in danger for adding an authorized user that you dont know and trust. However, the procedure only involves adding the consumer to a account, the card will be sent to your own address and you can ruin it.
But, there's still some danger home involved. The threat involves the possibility of your charge card account being shut by the issuer, because in most situations this is going to be violating the conditions. Its not illegal, but it does violate the terms of the credit card companies, so they can close your account if they know you are doing it. .
Its definitely not for everyone, but some people are making good money with very little work. If you want to learn more I recommend reading this thread in Mr. Money Mustache for lots of details from a guy who is making a couple thousand dollars per month with this and its quite passive. .
One of my favorite, simple ways to make money is through credit card bonuses. Many credit cards will 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 the majority of your purchases using a credit card, then hitting More Info $500 in 3 months is easy. .
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Now, this isnt something that you can perform all of the time, however you can sign up to get a new credit card two a year, depending on your situation. Ive made hundreds of dollars each of the past two or three years using this approach.
Don't go overboard. Opening too many new credit accounts in a brief time period can damage your ability to get credit when you need it.