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P2P lending can be somewhat risky, but there is potential for a fairly good return on your investment. In case youre interested you should take some time to educate yourself and ensure that you understand all of the particulars. Peer-to-Peer Lending 101 from Great 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 a few of the risk.
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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 the time or desire to be a landlord. In addition, in many instances you can begin with a rather small 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 real estate on a small scale, and also to earn a share of the income produced. .
There are many different kinds of REITs. Some are publicly traded on a stock exchange, and some 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 get started with real estate investing, REITs can be an excellent choice.
Of course, another option for investing in real estate is your excellent old fashion rental home. You can buy a condo, single-family residence or multi-unit property.
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Owning rental properties can be a great source of income, however whether or not it is truly passive will probably depend on a couple of aspects. The more properties you own and the further 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 may be completely 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 improve their credit score can find a boost in their score by simply 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 which you dont know and hope. However, the process only involves adding the user to your account, the card will be sent to your own address and you can ruin it.
But, there's still some danger involved. The threat involves the chance of your charge card account being shut by the issuer, because in most cases this is going to be violating the conditions. Its not illegal, but it does violate the terms of the credit card companies, so they may close your account if they know you are doing it. .
Its go to these guys definitely not for everyone, but some folks are making excellent money with very little effort. If you want to learn more I recommend reading this thread at Mr. Money Mustache for tons of information from a man who's making a couple thousand dollars per month with this and its quite passive. .
One of my favourite, easy ways to earn money is through 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. 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, then hitting $500 in 3 months is simple. .
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Nowthis isnt something that you can do all 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 previous two or three years using this approach.
Don't go overboard. Opening too many new credit accounts in a brief time period this article can hurt your ability to get credit when you need it.