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However, youll probably still get monthly or quarterly payments, depending on which investment opportunity that you choose.6. Purchase your first investment propertyRoofstock  Investing in rental properties is one of those passive income thoughts which can be particularly intimidating, especially when it comes to finding tenants. Roofstock lets you purchase properties with as few as 20% down which currently have tenants living in them.

You dont even need to physically go to the properties!This is an perfect strategy if you reside in an area where property costs 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 are new to single-family property investing, letting a spot like Roofstock direct you through the course of action is a great way to get your feet 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 such as collecting rent and scheduling maintenance.See Also: 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 in PeerFinance101.com, The common bond in all 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 many people think about investing opportunities, they think of stocks, bonds, and precious metals.

Gone are the days of mountains of paperwork, high brokerage 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 ideas, investing in stocks that pay quarterly dividends is still one of the most effective methods to generate money without much work.Lets state you buy shares of Colgate-Palmolive inventory.

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Over the past seven years, Colgate-Palmolive has paid between $0.34 and $0.68 each quarter to get every single share owned by stockholders.Depending on your long-term investment plan, you may want to re-invest these dividends. But if youre strictly looking for passive income thoughts, youd do nicely pocketing the cash.If youre new to investing, Ally Invest has free courses you can take.

You can also 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 want to feel like youre contributing to society, Lending Club lets you do . Lending Club takes your investment and allows people to borrow to start businesses, consolidate debt, and cover medical care.Heres how Lending Club click this link 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 little as 25Get paid: Get monthly payments as borrowers repay their loans99percent 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 official site the amount of danger youre willing to carry on, but I why not try these out adore how transparent the platform is.For each loan, you get to see that the danger rating. The low risk / low return AA loans yield just over 4 percent, and it goes all the way down the line into the insecure category, which can pay 30% or more.You also get to see specific details about each loan, including exactly what the debtor is using it for, the state they live in, how long the past-due period is, 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 make 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 promote online should be something youre knowledgeable about and that you think is high quality.

You can either make an affiliate relationship with a certain company (either directly or through a commission platform like Commission Factory, RewardStyle or ShareASale), or you can sign up as an Amazon affiliate. I recommend both!Sounds great in concept, right But how can you actually become startedYoull need a site.

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Since most mattress companies pay a 5% commission and the typical price of a decent excellent bed sold on the Internet is about $1,000, I'd make $50 each time someone bought a mattress predicated on my recommendation.But, I need an online presence, so I can share my knowledge and make recommendations.

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