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P2P lending can be somewhat insecure, but there is potential for a fairly good return on your investment. In case youre interested you should take some opportunity to educate yourself and ensure that you understand all of 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 real estate without all of the headaches that usually go along with owning property. You dont have any of this job, you merely invest and take on some of the threat.
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This is a very popular investment since so many people want to invest in real estate but dont have the time or want to be a landlord. Also, in many instances you can get started with a relatively modest investment.
REITs (Real Estate Investment Trust) provide another means 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 several 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.
Obviously, another option for investing in real estate would be the good old fashion rental property. 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, however if not it is truly passive will depend on a couple of aspects. 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 rewarding passive income source that could be completely new to you. You can add authorized users to your credit cards (without actually 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 boost in their score by piggybacking from your payment history.
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If youve never heard of selling/renting tradelines until it likely sounds ridiculous and dangerous. website here The first concern generally involves putting yourself in danger for adding an authorized user which you dont know and trust. However, the process only involves adding the consumer to your account, the card will be sent to your own review address and you can destroy it.
But, there's still some danger involved. The risk involves the chance of your charge card account being shut by the issuer, because in most situations this will be violating the terms. Its not illegal, however it does violate the details of the credit card companies, so that they may close your account if they know you're doing it. .
Its definitely not for everyone, but some people are making excellent money with very little work. If you want to learn more I recommend reading this thread at Mr. Money Mustache for tons of details from a guy who's making a couple thousand dollars per month with this and its very passive. .
One of my favourite, simple ways to make money is by way of 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 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, hitting $500 in 3 months is simple. .
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Nowthis isnt something which you can perform all the time, however 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 using this approach.
Don't go overboard. Opening too many new credit accounts in a brief period of time can damage your ability to get credit when you need it.