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P2P lending can be a bit risky, but there's potential for a fairly good return on your investment. If youre interested you should take some opportunity to educate yourself and ensure you understand all of the details. 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 the headaches that usually go along with owning property. You dont have any of the work, you simply invest and take on some of the threat.
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This is a very common investment since so many men and women want to invest in real estate but simply dont have the time or desire to be a landlord. Also, in many cases 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 hotels. REITs make it possible to invest in property on a small scale, and to earn a share of their income generated. .
There are several 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 is your good old fashion rental home. You could purchase a condo, single-family home, or multi-unit property.
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Owning rental properties can be a great source of income, however if not it is truly passive will depend on a few aspects. The more properties you own and also look at here now the more tenants you manage, the longer you will need to put into over at this website 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 which could be totally new to you. You can add authorized users to your credit cards (without actually giving them a card or access for your account) and be paid to do it. Individuals that are looking to boost their credit rating can get 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 likely sounds ridiculous and dangerous. The first concern usually involves putting yourself in danger for adding an authorized user that you dont know and hope. But the process only involves adding the user to your account, the card will be sent to your address and you can destroy it.
However, there's still some danger involved. The threat involves the chance of your credit card account being shut by the issuer, because in most cases this is going to be violating the conditions. Its not illegal, however it does violate the details site of the credit card companies, so that they can close your account if they know you're doing it. .
Its definitely not for everyone, but a few people are making excellent money with hardly any work. If you want to learn more I recommend reading this thread in Mr. Money Mustache for tons of information from a man who is making a couple thousand dollars per month with this and its quite passive. .
One of my favourite, easy ways to make money is by way of credit card bonuses. Many credit cards can provide 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 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 do all 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 dollars each of the past two or three years with this approach.
Don't go overboard. Opening too many new credit accounts in a short time period can hurt your ability to get credit when you need it.