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But, youll most likely still get monthly or quarterly payments, depending on which investment opportunity you choose.6. Buy your initial investment propertyRoofstock  Investing in rental properties is one of those passive income thoughts that can be particularly intimidating, especially when it comes to finding tenants. Roofstock enables you to purchase properties with as few as 20% down that currently have tenants living in them.
You dont even have to physically visit the properties!This is an perfect strategy if you reside in an area where real estate prices are too large to realistically invest in, or you dont want the hassle and expense of traveling all around the country visiting potential properties. Plus, if you're new to single-family real estate investing, letting a spot like Roofstock guide you through the course of action is a great way to get your toes 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 Also: A Modern Way to Invest in Commercial Property Estate with Equity MultipleAnother option: Consider starting your own real estate investment group.
According to Joseph Hogue, CFA from PeerFinance101.com, The common bond in most property investing groups is that you help each other compete against the big money players to acquire 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 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 remains 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 past seven years, 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 ideas, youd also do well pocketing the cash.If youre new to investing, Ally Invest has free courses you can take.
You can also have a look at 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 like to feel like youre contributing to society, Lending Club allows you to do both. Lending Club takes your investment and allows 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 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 lending lending bunch, but it has a twist.
Again, the yield is based on the amount of risk youre willing to carry on, but I adore just how transparent the platform is.For each loan, you get to find that the danger rating. The low risk / low return AA loans yield just over 4%, and it goes all of the way down the line into the insecure category, which can pay 30 percent or more.You also get to see specific details about every loan, including exactly what the borrower is using it for, the state they my website live in, how long the past-due interval is, what the monthly payments are, and exactly what speed 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 probably 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 top quality.
You can either make an affiliate relationship with a specific 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 good in theory, right But how do you actually become startedYoull need a blog.
