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But, youll most likely still get monthly or quarterly payments, depending on which investment opportunity that you select.6. Purchase your first investment propertyRoofstock  Investing in rental properties is one of these passive income ideas which can be extremely intimidating, particularly when it comes to finding tenants. Roofstock lets you purchase properties with as few as 20% down that currently have tenants living in them.
You dont even have to physically go to the properties!This is an ideal strategy should you reside 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're new to single-family real estate investing, letting a spot like Roofstock direct you through the process is a terrific way to get your toes wet.Once you buy the house, theyll pair you up with one of their vetted property managers to manage the day-to-day landlord tasks such as collecting rent and scheduling maintenance.See Also: A Modern Way to Invest in Commercial Real Estate together with Equity MultipleAnother option: Consider starting your own property investment group.
According to Joseph Hogue, CFA from PeerFinance101.com, The common bond in most property investing classes is that you help each other compete against the big money players to get the very best returns.Other Passive Income InvestmentsWhen many men and women think about investing opportunities, they think of shares, bonds, and precious metals.
Gone are the days of mountains of paperwork, higher broker fees and unattainable account minimums. Now you can invest on your own provisions.7. Invest in dividend paying stocksAlly Invest  The oldest of passive income ideas, investing in stocks that pay quarterly dividends is still one of the most effective methods to generate money without much work.Lets say you buy shares of Colgate-Palmolive stock.
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Over the past seven decades, Colgate-Palmolive has paid between $0.34 and $0.68Â per quarter to get every single share owned by stockholders.Depending on your long-term investment strategy, you may want to re-invest these dividends. However, if youre strictly looking for passive income thoughts, youd also do well pocketing the cash.If youre new to investing, Ally Invest has free courses you can take.
You can even check out this listing of the best investment programs.8. Peer-to-Peer LendingLending Club  If you want a higher than average return on your investment, and youd want to feel just like youre contributing to society, Lending Club allows you to do both. Lending Club takes your investment and enables people to borrow to start businesses, consolidate debt, and pay for medical care.Heres the way Lending Club works:Open an account and transfer as small as a $0.01 minimum initial deposit.Build your portfolio: Invest in a range of loans in increments as small as 25Get paid: Get monthly payments as borrowers repay their loans99% of Lending Club investors with a 100+ note portfolios earn positive returnsReinvest payments or withdrawProsper Like Lending Club, Prosper is also a peer-to-peer lending bunch, but it has a twist.
Again, the yield is based on the amount of risk youre willing to carry on, but I love just how transparent the stage is.For each loan, you get to find that why not try these out the danger rating. The low risk / low return AA loans yield just over 4%, and it goes all the way down the line into the high-risk category, which can pay 30% or more.You also get to see specific information about every loan, including what the debtor 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 cover.
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Butonce you get these up and running, you can take your foot off the gas and really 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 you promote online should be something youre knowledgeable about and that you think is high quality.
You can either make an affiliate relationship with a specific company (either directly or through a commission platform such as Commission Factory, RewardStyle or even ShareASale), or you can sign up as an Amazon affiliate. I recommend both!Sounds good in theory, right But how do you actually become startedYoull need a site.
