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P2P lending can be somewhat 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 ensure you understand all of the details. Peer-to-Peer Lending 101 from Good Financial Cents is an excellent starting point. .
Real estate crowdfunding sites enable you to invest in property 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 because so many men and women want to invest in real estate but dont have the time or desire to become a landlord. In addition, in many instances you can get started with a rather 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 real estate such as office buildings, apartment complexes, shopping malls, or resorts. REITs make it feasible to invest in property on a tiny 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 choice.
Obviously, another option for investing in real estate is your good old fashion rental home. You could buy a condo, single-family residence or multi-unit home.
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Owning rental properties can be a great source of income, but whether or not it is really passive will depend on a few factors. The more properties you Click Here own and also the further tenants you manage, the more time 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 is a potentially rewarding passive income source that could 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. People who are looking to boost 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 before it likely sounds absurd and dangerous. The first concern usually involves putting yourself in danger for adding an authorized user that you dont know and hope. However, the process only involves adding the consumer to your account, the card will be sent to your address and you can ruin it.
But, there is still some danger 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 will violate the details of the credit 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 hardly any effort. If you want to learn more I recommend reading this thread at Mr. Money Mustache for tons of information from a man who is making a couple thousand dollars per month with this and its very passive. .
One of my favorite, easy ways to make money is by way of 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. 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 most of your purchases with read more a credit card, then hitting $500 in 3 months is simple. .
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Now, this isnt something which you can perform all the time, but you can sign up to get a new credit card two a year, depending on your situation. Ive made hundreds of bucks each of the past two or three years with this approach.
Don't go overboard. Opening too many new credit accounts in a short period of time can damage your ability to get credit when you need it.