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P2P lending can be somewhat insecure, but there is potential for a fairly good return on your investment. If youre interested you should take some opportunity to educate yourself and make sure that you understand all the details. Peer-to-Peer Lending 101 from Great Financial Cents is an excellent starting point. .
Real estate crowdfunding websites allow you to invest in property without all of 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 risk.
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This is a very common investment because so many men and women want to invest in property but simply dont have the time or desire to be a landlord. Also, in many cases you can begin with a rather 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 real estate such as office buildings, apartment complexes, shopping malls, or hotels. REITs make it possible to invest in property on a tiny scale, and to earn a share of their income produced. .
There are many different types of REITs. Some are publicly traded on a stock exchange, and a few are not. REITs may also be in the kind 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.
Obviously, another option for investing in real estate would be your excellent old fashion rental home. You could buy 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 truly passive will probably depend on a few factors. The more possessions you own and also the more tenants you manage, the longer you'll 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 lucrative passive income source that could be completely new to you. You can add authorized users to your own credit cards (without actually giving them a card or access to your account) and be paid to do it. People that 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 in danger for adding an read this article authorized user that you dont know and trust. But 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's still some danger involved. The threat involves the possibility of your charge card account being shut by the issuer, because in many situations this is going to be violating the terms. Its not illegal, but it will violate the details of the charge card companies, so they can close your account if they know you're doing it. .
Its definitely not for everyone, but some their website folks are making excellent money with very little work. If you want to learn more I recommend reading this thread in Mr. Money Mustache for lots of details from a man who's making a few thousand dollars per month with this and its quite passive. .
One of my favourite, easy 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 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 over at this website majority of your purchases with a credit card, then hitting $500 in 3 months is simple. .
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Now, this isnt something which you can perform all the time, but you can sign up for a new credit card or two a year, depending on your situation. Ive made hundreds of bucks each of the past 2 or 3 years with this approach.
Don't go overboard. Opening too many new credit accounts in a short time period can damage your ability to get credit when you need it.