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However, youll probably still get monthly or monthly payments, depending on which investment opportunity that you choose.6. Purchase your first investment propertyRoofstock  Investing in rental properties is one of these passive income ideas that can be particularly intimidating, especially when it comes to finding tenants. Roofstock lets you purchase properties with as few as 20% down which already have tenants living in them.
You dont even have to physically visit the properties!This is an ideal strategy should you live in an area where property costs are too high to invest in, or you dont want the hassle and expense of traveling all over the country visiting potential possessions. Additionally, if you're new to single-family real estate investing, letting a spot like Roofstock direct you through the process is a great way to get your feet wet.Once you buy the house, theyll set you up with one of the vetted property managers to deal with the day-to-day landlord jobs like collecting rent and scheduling maintenance.See Additionally: A Modern Way to Invest in Commercial Real Estate with Equity MultipleAnother option: Consider starting your own property investment group.
According to Joseph Hogue, CFA from PeerFinance101.com, The common bond in most real estate investing classes is that you help each other compete against the big money players to get the very best returns.Other Passive Income InvestmentsWhen most men and women think about investing opportunities, they think of stocks, 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 terms.7. Invest in dividend paying stocksAlly Invest  The oldest of passive income thoughts, investing in stocks that pay quarterly dividends is still one of the most effective methods to generate cash without much work.Lets state you purchase shares of Colgate-Palmolive inventory.
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Over the past seven decades, Colgate-Palmolive has paid between $0.34 and $0.68Â each quarter to get 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 do well pocketing the cash.If youre new to investing, Ally Invest has complimentary classes you can take.
You can even check out this listing of the ideal investment apps.8. Peer-to-Peer LendingLending Club  If you want a higher than average return on your investment, and youd want to feel like youre contributing to society, Lending Club lets you do both. Lending Club requires your investment and enables people to borrow money to start businesses, consolidate debt, and cover 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 lending lending group, but it's 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 get to find the risk rating. The very low risk / low return AA loans yield special info just over 4%, and it goes all the way down the line to the insecure category, which can pay 30% or more.You also get to see specific information about each loan, including exactly what the borrower is using it for, the state they reside in, how long the past-due interval is, exactly what the monthly payments are, and 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 really earn a living online, all while you sleep.10. Affiliate marketingYouve probably heard of affiliate marketing ahead of its when you earn a commission by promoting a product. The product you market online should 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 like Commission Factory, RewardStyle or even ShareASale), or you can sign up as an Amazon affiliate. I recommend both!Sounds great in concept, right But how do you really get startedYoull need a blog.
