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P2P lending can be a bit 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 ensure 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 real estate without all the headaches that typically go along with owning property. You dont have any of the work, you merely invest and take on some of the threat.
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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 enough time or want to become a landlord. In addition, in many cases you can get started with a relatively 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 like office buildings, apartment complexes, shopping malls, or hotels. REITs make it feasible to invest in property on a small 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 some 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 choice.
Of course, another option for investing in real estate is your good old fashion rental home. You could buy a condo, single-family homeor multi-unit home.
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Owning rental properties can be a fantastic source of income, but Full Report if not it is really passive will probably depend on a couple of factors. The more possessions you own and also 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's a potentially rewarding passive income source which could be completely new to you. You can add authorized users for 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 boost their credit rating can find a increase in their score by simply piggybacking off of your payment history.
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If youve never heard of selling/renting tradelines before it probably sounds absurd and dangerous. The first concern usually involves putting yourself at risk for adding an authorized user which you dont know and trust. However, the procedure only involves adding the consumer to a 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 chance of your credit card account being shut by the issuer, because in most situations this is going to be violating the terms. Its not illegal, but it does violate the details of the credit card companies, so that they may close your account if they know you are doing it. .
Its definitely not for everyone, but a few people are making good money with hardly any effort. If you want to learn more I recommend reading this thread in Mr. Money Mustache for tons of information from a guy who's making a couple thousand dollars per month with this and its very passive. .
One of my favourite, 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. As an instance, 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 easy. .
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Now, this isnt something which you can do all the time, but you can sign up for a new credit card two a year, depending on your situation. Ive made hundreds of bucks all the previous two or three years using this approach.
Don't go overboard. Opening too many new credit accounts in a brief period of time can hurt your ability to get credit when you need it.