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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 the opportunity to educate yourself and make sure that you understand all of the particulars. Peer-to-Peer Lending 101 from Good Financial Cents is an excellent starting point. .
Real estate crowdfunding sites allow you to invest in real estate without all of the headaches that typically go along with owning real estate. You dont have any of this job, you simply invest and take on a few of the threat.
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This is a very common investment since so many people want to invest in real estate but simply dont have enough time or want to be a landlord. Also, in many instances you can begin with a relatively small investment.
REITs (Real Estate Investment Trust) offer another means to invest in property 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 real estate on a tiny scale, and to earn a share of their 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 form of mutual funds or ETFs.
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If youre looking for an easy way to start with real estate investing, REITs can be an excellent choice.
Of course, another option for investing in real estate would be your excellent old fashion rental property. You can purchase a condo, single-family residence , or multi-unit property.
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Owning rental properties can be a great source of income, but if not it is really passive will depend on a couple of factors. The more properties you own and also the further 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'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. People who are looking to improve their credit rating can find a increase in their score by 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 generally involves putting yourself at risk for i thought about this 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 own address and you can destroy it.
But, there is still some risk involved. The threat involves the possibility of your charge card account being closed by the issuer, because in many cases this will be violating the terms. Its not illegal, but it will violate the details of the charge 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 excellent money with hardly any work. If you want to learn more I recommend reading this thread at Mr. Money Mustache for lots of details from a man who's making a couple thousand dollars per month with this and its quite passive. .
One of my favorite, easy ways to earn money is by way of credit card bonuses. Many credit cards can 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 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 the majority of your purchases with a credit navigate here card, 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 two a year, depending on your situation. Ive made hundreds of dollars all the previous 2 or 3 years using this approach.
Don't go overboard. Opening too many new credit accounts in a brief period of time can damage your ability visit to get credit when you need it.