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But, youll most likely still receive monthly or quarterly payments, depending on which investment opportunity that you select.6. Buy your initial investment propertyRoofstock  Investing in rental properties is one of those passive income thoughts which can be extremely intimidating, particularly when it comes to finding tenants. Roofstock enables you to buy properties with as few as 20% down which already have tenants living in them.
You dont even need to physically go to the properties!This is an ideal strategy should you live in an area where real estate costs are too high to realistically invest in, or you dont want the hassle and expense of traveling all around the country visiting potential properties. Additionally, if you are new to single-family property investing, letting a place like Roofstock guide you through the process is a great way to get your toes wet.Once you purchase the house, theyll pair you up with one of the vetted property managers to deal with the day-to-day landlord tasks like collecting rent and scheduling maintenance.See Also: A Modern Way to Invest in Commercial Property Estate together with Equity MultipleAnother option: Consider starting your own property investment group.
According to Joseph Hogue, CFA in PeerFinance101.com, The common bond in most real estate investing groups is that you help each other compete against the big money players to acquire the best returns.Other Passive Income InvestmentsWhen many people think about investing opportunities, they think of stocks, bonds, and valuable metals.
Gone are the days of mountains of paperwork, high brokerage fees and unattainable account minimums. Now you can invest on your own provisions.7. Invest in dividend paying stocksAlly Invest  The earliest of passive income ideas, investing in stocks that pay quarterly dividends is still one of the most effective ways to generate cash without much work.Lets state you purchase shares of Colgate-Palmolive stock.
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Over the past seven decades, Colgate-Palmolive has compensated between $0.34 and $0.68Â per quarter for every single share owned by stockholders.Depending on your long-term investment plan, you may want to re-invest these dividends. However, if youre strictly looking for passive income ideas, youd do well pocketing the cash.If youre new to investing, Ally Invest has free classes you can take.
You can even check out this list of the ideal investment programs.8. Peer-to-Peer LendingLending Club  If you want a higher than average return on your investment, and youd like to feel like youre contributing to society, Lending Club allows you to do both. Lending Club requires your investment and enables people to borrow to start businesses, consolidate debt, and pay for medical care.Heres how Lending Club works:Open an account and transfer as little as a $0.01 minimum initial deposit.Build your portfolio: Invest in a range of loans in increments as little as $25Get paid: Receive monthly payments as borrowers repay their loans99% of Lending Club investors with a 100+ note portfolios earn favorable returnsReinvest payments or withdrawProsper Like Lending Club, Prosper is also a peer-to-peer lending bunch, but click here to find out more it's a twist.
Again, the return is based on the amount of danger youre willing to take on, but I adore how transparent the platform is.For each loan, you have to see the danger rating. The low risk / low return AA loans yield just over 4%, and it moves all of the way down the line into the insecure category, which can pay 30% or more.You also get to see specific information about every loan, including exactly what the borrower is using it for, the state they live in, how long the pay-off interval is, exactly what the monthly payments are, and exactly what rate the borrower will pay.
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Butonce you get these up and running, you can take your foot off the gas and actually earn a living online, all while you sleep.10. Affiliate marketingYouve likely heard of affiliate marketing ahead of its when you earn a commission by promoting a product. The product that you promote online ought to be something youre knowledgeable about and that you think is top quality.
You can either form an affiliate relationship with a certain company (either directly or through a commission platform such as Commission Factory, RewardStyle or ShareASale), or you can sign up as an Amazon affiliate. I recommend both!Sounds good in theory, right But how can you actually get startedYoull need a site.
