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P2P lending can be somewhat risky, but there's potential for a fairly good return on your investment. In case youre interested you should take some time to educate yourself and ensure you understand all the particulars. Peer-to-Peer Lending 101 from Great Financial Cents is an excellent starting point. .
Real estate crowdfunding sites allow you to invest in real estate without all the headaches that typically go along with owning property. You dont have any of the work, you simply invest and take on some of the risk.
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This is a very popular investment since so many people want to invest in property but simply dont have enough time or desire to be a landlord. In addition, in many instances you can begin with a rather modest investment.
REITs (Real Estate Investment Trust) offer 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 hotels. REITs make it possible to invest in property on a tiny scale, and also to earn a share of the income generated. .
There are many different types of REITs. Some are publicly traded on a stock exchange, and a few are not. REITs may also be in the form 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 option.
Of course, another option for investing in real estate would be the excellent old fashion rental home. 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 really passive will depend on a few factors. The more properties you own and also the more tenants you manage, the more time you will need to put into it. If you want it to be a passive investment that 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 for your credit cards (without really giving them a card or access for your account) and be paid to do it. People that are looking to improve their credit score can find a visit this site right here increase in their score by piggybacking from your payment history.
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If youve never heard of selling/renting tradelines until it probably sounds absurd and dangerous. The first concern usually involves putting yourself in danger for adding an authorized user that Website you dont know and hope. But the procedure only involves adding the user to a account, the card will be sent to your address and you can ruin it.
But, there's still some danger involved. The risk involves the chance of your credit card account being shut by the issuer, because in many cases this is going to be violating the terms. Its not illegal, but it does violate the terms of the credit 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 excellent money with hardly any effort. If you want to learn more I recommend reading this thread at Mr. Money Mustache for lots of information from a man who's making a few thousand dollars per month with this and its very passive. .
One of my favorite, simple ways to earn money is by way of 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. As an instance, right now Chase is offering a $150 bonus if you sign up for a official statement 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 a credit card, hitting $500 in 3 months is easy. .
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Now, this isnt something which you can perform all of the time, but you can sign up for a new credit card or two a year, depending on your situation. Ive made hundreds of bucks all the past 2 or 3 years with this approach.
Don't go overboard. Opening too many new credit accounts in a brief time period can damage your ability to get credit when you need it.