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However, youll probably still receive monthly or quarterly payments, depending on which investment opportunity you select.6. Purchase your initial investment propertyRoofstock  Investing in rental properties is one of these passive income thoughts which can be particularly intimidating, especially when it comes to finding tenants. Roofstock lets you buy properties with as little as 20% down which already have tenants living in them.

You dont even need to physically go to the properties!This is an perfect strategy should you live 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 possessions. Additionally, if you're new to single-family real estate investing, letting a place like Roofstock direct you through the process is a terrific way to get your toes wet.Once you buy the property, theyll pair you up with one of their 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 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 groups is that one can help each other compete against the big money players to get the best returns.Other Passive Income InvestmentsWhen many people think about investing opportunities, they think of stocks, bonds, and valuable metals.

Gone is the day of mountains of paperwork, higher broker fees and unattainable account minimums. Now you can invest on your own provisions.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 methods to generate cash without much work.Lets say you purchase shares of Colgate-Palmolive inventory.

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Over the past seven decades, Colgate-Palmolive has paid between $0.34 and $0.68 each quarter to get every single share owned by stockholders.Depending on your long-term investment strategy, you might want to re-invest these 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 free classes you can take.

You can also have a look at this list 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 go to the website Club takes your investment and enables people to borrow to start businesses, consolidate debt, and pay for medical care.Heres the way Lending Club functions: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 debtors 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 bunch, but it's a twist.

Again, the return is based on the amount of risk youre willing to carry on, but I love how transparent the platform is.For each loan, you have to find that the danger rating. The very 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 pay-off interval is, exactly what the monthly payments are, and exactly what speed the borrower will cover.

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Butonce you get these up and running, you can take your foot off the gas and really make a living online, 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 that you promote online should be something youre knowledgeable about and that you believe is high quality.

You can either form an affiliate relationship with a certain company (either directly websites or via a commission click this platform like 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 do you really become startedYoull need a blog.

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

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