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But, youll probably still get monthly or monthly payments, depending on which investment opportunity you select.6. Buy your first investment propertyRoofstock  Investing in rental properties is one of those passive income ideas which can be extremely intimidating, especially when it comes to finding tenants. Roofstock enables you to purchase properties with as few as 20% down that already have tenants living in them.
You dont even need to physically visit the properties!This is an perfect strategy if you reside in an area where property prices are too large to realistically invest in, or you dont want the hassle and expense of traveling all around the country visiting potential possessions. Plus, if you're new to single-family property investing, letting a spot like Roofstock guide you through the process is a great way to get your toes wet.Once you buy the house, theyll pair you up with one of the vetted property managers to deal with the day-to-day landlord tasks such as collecting rent and scheduling maintenance.See Also: A Modern Way to Invest in Commercial Property Estate with Equity MultipleAnother option: Consider starting your own property investment group.
According to Joseph Hogue, CFA in PeerFinance101.com, The common bond in all 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 men and women think of investing opportunities, they think of shares, bonds, and valuable metals.
Gone is the day of mountains of paperwork, higher brokerage fees and unattainable account minimums. Now you can invest on your own terms.7. Invest in dividend paying stocksAlly Invest  The earliest of passive income thoughts, investing in stocks that pay quarterly dividends is still one of the best ways to generate money without much work.Lets state you buy shares of Colgate-Palmolive stock.
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Over the previous 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 strategy, you might want to re-invest those 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 complimentary classes you can take.
You can even have a look at 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 just like youre contributing to society, Lending Club lets you do both. Lending Club takes your investment and enables people to borrow money to start businesses, consolidate debt, and cover medical care.Heres the way Lending Club functions: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: Receive monthly payments as borrowers repay their loans99percent of Lending Club investors using a 100+ note portfolios earn positive returnsReinvest payments or withdrawProsper Like Lending Club, Prosper is also a peer-to-peer lending group, but it has a twist.
Again, the yield is based on the amount of danger youre willing to take on, but I love just how transparent the stage is.For each loan, you have to find that the risk rating. The low risk / low return AA loans yield just over 4%, and it goes all of the way down the line to the high-risk category, which can pay 30% or more.You also get to see specific directory information about every loan, including what the borrower is using it for, the state they live in, how long the pay-off period is, what the monthly payments are, and exactly what speed the borrower will cover.
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But, once 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 probably heard of affiliate marketing before its when you earn a commission by promoting a product. The product that you market online ought to be something youre knowledgeable about and that you believe is top quality.
You can either make an affiliate relationship with a certain 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 can you actually get startedYoull need a site.
