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But, youll probably still receive monthly or monthly payments, depending on which investment opportunity you select.6. Purchase your first investment propertyRoofstock  Investing in rental properties is one of these passive income ideas which can be extremely intimidating, particularly when it comes to finding tenants. Roofstock enables you to purchase properties with as little as 20% down that already have tenants living in them.

You dont even need to physically visit the properties!This is an ideal strategy should you reside in an area where real estate costs are too high to realistically invest in, or you dont want the hassle and expense of traveling all around the country visiting potential possessions. Additionally, if you are new to single-family property 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 Additionally: A Modern Way to Invest in Commercial Real Estate with Equity MultipleAnother option: Consider starting your own real estate investment group.

According to Joseph Hogue, CFA in PeerFinance101.com, The common bond in most real estate investing groups is that one can 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 precious metals.

Gone is the day of mountains of paperwork, higher brokerage 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 most effective methods to generate money without much work.Lets state 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 each quarter for every single share owned by stockholders.Depending on your long-term investment plan, you might want to re-invest those dividends. But if youre strictly looking for passive income ideas, youd do well pocketing the cash.If youre new to investing, Ally Invest has free classes you can take.

You can even check out this list of the best investment programs.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 enables people to borrow money to start businesses, consolidate debt, and cover 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 borrowers repay their loans99% 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 has a twist.

Again, the return is based on the amount of danger youre willing to take on, but I love how transparent the platform is.For each loan, you have to see the danger rating. The low risk / low return AA loans yield just over 4 percent, and it moves all of the way down the line into the high-risk category, which can pay 30% or more.You also get to view specific details about every loan, including what the debtor is using it for, the state they live in, my blog how long the past-due period is, exactly what the monthly payments are, and exactly what rate 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 really earn a living online, while you sleep.10. Affiliate marketingYouve probably heard of affiliate marketing ahead of Visit This Link 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 top quality.

You can either make 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 good 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 cost of a decent excellent bed sold on the Internet is about $1,000, I'd 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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