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P2P lending can be somewhat insecure, but there's potential for a pretty good return on your investment. If youre interested you should take the 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 the headaches that typically 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 popular investment because so many men and women want to invest in property but simply dont have enough time or desire to become a landlord. In addition, in many cases you can begin with a rather modest investment.
REITs (Real Estate Investment Trust) offer another way to invest in real estate without the hassle of being a landlord. The REIT owns income-producing property such as 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 their 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.
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If youre looking for an easy way to start with real estate investing, REITs can be an excellent option.
Of course, another option for investing in real estate would be your good old fashion rental home. You can buy a condo, single-family home, or multi-unit property.
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Owning rental properties can be a great source of income, but whether or not it is truly passive will depend on a couple of aspects. The more possessions you own and the further 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 you could check here manager. .
Here is a potentially lucrative passive income source that may be totally new to you. You can add authorized users to your credit cards (without really giving them a card or access for your account) and be paid to do it. Individuals who are looking to improve their credit score 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 Read Full Article it probably sounds ridiculous and dangerous. The first concern generally involves putting yourself at risk for adding an authorized user that you dont know and hope. But the procedure only involves adding the consumer to your account, the card will be sent to your own address and you can destroy it.
But, there's still some risk involved. The threat involves the possibility of your credit card account being shut by the issuer, because in most situations this will be violating the conditions. Its not illegal, but it will violate the terms of the charge card companies, so they can close your account if they know you are doing it. .
Its definitely not for everyone, but some folks are making good money with hardly any effort. If you want to learn more I recommend reading this thread at 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 favorite, simple ways to earn 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. 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 with a credit card, hitting $500 in 3 months is easy. .
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Now, this isnt something that you can do all of the time, however you can sign up for a new credit card or two a year, depending on your situation. Ive made hundreds of dollars each of the previous two or three years with this approach.
Don't go overboard. Opening too many new credit accounts in a short time period can hurt your ability to get credit when you need it.