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P2P lending can be somewhat insecure, but there's potential for a fairly good return on your investment. In case youre interested you should take some opportunity to educate yourself and ensure you understand all the particulars. Peer-to-Peer Lending 101 from Good Financial Cents is an excellent starting point. .
Real estate crowdfunding websites enable you to invest in property without all of 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 risk.
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This is a really common investment because so many people want to invest in real estate but dont have enough time or desire to become a landlord. In addition, in many cases you can get started 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 property such as office buildings, apartment complexes, shopping malls, or hotels. REITs make it feasible to invest in real estate on a tiny scale, and to earn a share of their income generated. .
There are several different kinds of REITs. Some are publicly traded on a stock exchange, and a few are not. REITs might 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 is the good old fashion rental home. You can buy a condo, single-family residence , or multi-unit home.
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Owning rental properties can be a fantastic source of income, but whether or not it is really passive will depend on a few aspects. The more properties 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 that the best option is to hire a property manager. .
Here's a potentially rewarding passive income source which could be totally 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 that are looking to improve their credit rating can find a boost in their score by piggybacking off of your payment history.
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If youve never heard of selling/renting tradelines until it likely sounds ridiculous and dangerous. The first concern usually involves putting yourself at risk for adding an authorized user that you dont know and trust. However, the procedure only involves adding the consumer to your account, the card will be sent to your address and you can destroy it.
However, there is still some risk involved. The risk involves the possibility of your credit card account being closed by the issuer, because in most cases this is going to be violating the conditions. Its not illegal, however 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 some people are making good money with very little work. 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 quite passive. .
One of my favourite, simple ways to earn money is through 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 most of your purchases using a credit card, then hitting $500 in 3 months is simple. .
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Now, this isnt something that you can perform all the time, but you can sign up to get a new credit card or two a year, depending on pop over to this web-site your situation. Ive made hundreds of bucks all the past 2 or 3 years using 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.