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P2P lending can be somewhat insecure, but there is potential for a pretty good return on your investment. In case youre interested you should take the time to educate yourself and make sure that 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 the headaches that typically go along with owning real estate. You dont have any of the job, you merely invest and take on a few of the threat.
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This is a really common investment since so many men and women want to invest in property but dont have the time or want to become a landlord. In addition, in many instances you can begin with a relatively modest 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 real estate such as office buildings, apartment complexes, shopping malls, or resorts. REITs make it possible to invest in real estate on a small scale, and also to earn a share of their income produced. .
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.
Obviously, another option for investing in real estate would be the excellent old fashion rental home. You can purchase a condo, single-family residence or multi-unit property.
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Owning rental properties can be a fantastic source of income, but if not it is really passive will probably depend on a couple of factors. The more possessions you own and 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 is a potentially rewarding passive income source which could be completely new to you. You can add authorized users to your own credit cards (without actually giving them a card or access for your account) and be paid to do it. People that are looking to improve their credit rating can get a increase in their score by piggybacking from 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 generally involves putting yourself at risk for adding an authorized user that you dont know and trust. However, the procedure only involves continue reading this adding the consumer to a account, the card will be sent to your own address and you can destroy it.
But, there's still some danger involved. The threat involves the possibility of your credit card account being shut by the issuer, because in many situations this is going to be violating the terms. Its not illegal, but it does 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 information from a guy who's making a few 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 give you a bonus just for signing up and for making a minimum amount of purchases on the card during an introductory period. For 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 using a credit card, hitting $500 in 3 months is easy. .
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Nowthis isnt something which you can do all of the time, however you can sign up for a new credit card two a year, depending on your situation. Ive made hundreds of bucks each of the previous two or three years using 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.