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But, youll probably still receive 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 thoughts which can be particularly intimidating, especially when it comes to finding tenants. Roofstock lets you buy properties with as few as 20% down which already have tenants living in them.

You dont even need to physically visit the properties!This is an perfect strategy should you live in an area where property prices are too large to invest in, or you dont want the hassle and expense of traveling all around the country visiting potential properties. Additionally, if you're new to single-family real estate investing, letting a spot like Roofstock direct you through the process is a terrific way to get your feet wet.Once you purchase the property, theyll pair you up with one of the vetted property managers to manage the day-to-day landlord tasks such as collecting rent and scheduling maintenance.See Also: A Modern Way to Invest in Commercial Real Estate together with Equity MultipleAnother option: Consider starting your own real estate investment group.

According to Joseph Hogue, CFA in PeerFinance101.com, The common bond in all property investing classes is that one can help each other compete against the big money players to get the best returns.Other Passive Income InvestmentsWhen many 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 money without much work.Lets say you purchase shares of Colgate-Palmolive inventory.

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Over the past seven years, Colgate-Palmolive has paid between $0.34 and $0.68 per 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 find out courses you can take.

You can also check out this list of the best investment apps.8. Peer-to-Peer LendingLending Club  If you want a higher than average return on your investment, and youd like to feel just like youre contributing to society, Lending Club lets you do . Lending Club takes your investment and enables people to borrow money to start businesses, consolidate debt, and pay for 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: Get monthly payments as debtors repay their loans99percent of Lending Club investors with a 100+ note portfolios earn favorable returnsReinvest payments or withdrawProsper Like Lending Club, Prosper is also a peer-to-peer lending bunch, but it's a twist.

Again, the return is based on the amount of risk youre willing to take on, but I love just how transparent the stage is.For each loan, you get to see that the danger rating. The low risk / low return AA loans yield just over 4%, and it moves all of the way down the line to the insecure category, which can pay 30 percent or more.You also get to view specific information about each loan, including exactly what the borrower is using it for, the state they reside in, how long the pay-off period is, exactly what the monthly payments are, and exactly what rate the borrower will pay.

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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 likely heard of affiliate marketing before its when you earn a commission by promoting a product. The product you market online ought to be something youre knowledgeable about and that you think is high 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 ShareASale), or you can sign up as an Amazon affiliate. I recommend both!Sounds great in theory, right But how do you actually get startedYoull need a blog.

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Since most mattress companies cover a 5% commission and the typical price of a decent quality bed sold on the Internet is about $1,000, I'd make $50 every 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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