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However, youll probably still receive monthly or monthly 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 which can be particularly intimidating, particularly when it comes to finding tenants. Roofstock enables you to purchase properties with as few as 20% down which already have tenants living in them.

You dont even have to physically go to the properties!This is an ideal strategy if you live in an area where real estate costs are too large to invest in, or you dont want the hassle and expense of traveling all around the country visiting potential possessions. Additionally, if you're 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 property, theyll set you up with one of the vetted property managers to deal with the day-to-day landlord tasks like collecting rent and scheduling maintenance.See Also: A Modern Way to Invest in Commercial Property 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 all property investing classes is that you help each other compete against the big money players to acquire the best returns.Other Passive Income InvestmentsWhen most people think about investing opportunities, they think of stocks, bonds, and valuable metals.

Gone are the days of mountains of paperwork, high 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 ways to generate cash without much work.Lets say you buy shares of Colgate-Palmolive inventory.

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Over the past seven years, Colgate-Palmolive has compensated between $0.34 and $0.68 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 nicely pocketing the cash.If youre new to investing, Ally Invest has complimentary classes you can take.

You can also check out this list of the best investment programs.8. wikipedia reference 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 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 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 group, but it's a twist.

Again, the return is based on the amount of risk youre willing to carry on, but I adore how transparent the stage is.For each loan, you have to see the risk rating. The very 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 percent or more.You also get to view certain details about every loan, including what the debtor is using it for, the state they live in, how long the past-due interval is, exactly 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 make a living online, while you sleep.10. Affiliate marketingYouve probably heard of affiliate marketing ahead of its when my explanation you earn a commission by promoting a product. The product that you promote online ought to be something youre knowledgeable about and that you believe is top quality.

You can either form an affiliate relationship with a specific company (either directly or via a commission platform such as Commission Factory, RewardStyle or even ShareASale), or you can sign up as an Amazon affiliate. I recommend both!Sounds great in theory, right But how can you really become startedYoull need a site.

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

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