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P2P lending can be somewhat risky, but there's potential for a pretty good return on your investment. In case youre interested you should take some opportunity to educate yourself and make sure that you understand all of the details. Peer-to-Peer Lending 101 from Great Financial Cents is an excellent starting point. .
Real estate crowdfunding sites enable you to invest in property without all of the headaches that typically go along with owning property. You dont have any of this job, you merely invest and take on a few of the threat.
There are countless real estate crowdfunding sites and there are many different kinds. Some allow you to invest in commercial properties. Others may specialize in large rental properties and communities. Others might concentrate on smaller properties that are being flipped.
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This is a very common investment because so many people want to invest in property but simply dont have enough time or desire to become a landlord. Also, in many instances you can get started with a relatively 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 real estate like office buildings, apartment complexes, shopping malls, or resorts. REITs make it feasible to invest in property on a tiny 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.
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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 would be your good old fashion rental home. You could buy a condo, single-family home, or multi-unit property.
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Owning rental properties can be a fantastic source of income, however whether or not it is really passive will probably depend on a couple of aspects. The more possessions you own and the more tenants you manage, the longer 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's a potentially lucrative passive income source that may be completely new to you. You can add authorized users for your own credit cards (without actually 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 increase in their score by simply piggybacking from your payment history.
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If youve never heard of selling/renting tradelines until 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. But the process only involves adding the consumer to a account, the card will be sent to your address and you can ruin it.
But, there's still some danger involved. The threat involves the chance of your credit card account being closed by the issuer, because in most cases this will internet be violating the terms. 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 definitely not for everyone, but a few people view website are making good money with very little effort. If you want to learn more I recommend reading this thread in Mr. Money Mustache for tons of information from a guy who is making a few thousand dollars per month with this and its very passive. .
One of my favourite, simple 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 my blog 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 using a credit card, then hitting $500 in 3 months is simple. .
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Nowthis isnt something that you can do all of the time, but you can sign up to get a new credit card or two a year, depending on your situation. Ive made hundreds of bucks each of the previous 2 or 3 years with 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.