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However, youll most likely still get 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 enables you to purchase properties with as little as 20% down that currently have tenants living in them.

You dont even need to physically visit the properties!This is an perfect strategy if you reside in an area where property prices are too high to invest in, or you dont want the hassle and expense of traveling all over the country visiting potential possessions. Additionally, if you're new to single-family real estate investing, letting a spot like Roofstock direct you through the course of action is a great way to get your toes 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 jobs 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 best returns.Other Passive Income InvestmentsWhen many people think about investing opportunities, they think of stocks, bonds, and valuable metals.

Gone are the days of mountains of paperwork, higher 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 thoughts, investing in stocks that pay quarterly dividends remains one of the most effective methods to generate money without much work.Lets state you buy shares of Colgate-Palmolive stock.

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Over the previous seven decades, 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 these dividends. But if youre strictly looking for passive income ideas, youd also do well pocketing the cash.If youre new to investing, Ally Invest has complimentary courses you can take.

You can even check out this listing 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, best site Lending Club allows you to do both. Lending Club requires your investment and allows people to borrow money to start businesses, consolidate debt, and cover medical care.Heres how 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: Get monthly payments as borrowers repay their loans99% of Lending Club address 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 yield is based on the amount of risk youre willing to take on, but I adore just 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 the way down the line into the insecure category, which can pay 30% or more.You also get to see specific information about every loan, including what the borrower is using it for, the state they reside in, how long the pay-off interval is, what the monthly payments are, and what rate 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 earn 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 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 or through 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 really become startedYoull need a site.

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Since most mattress companies pay a 5 percent commission and the typical cost of a decent excellent mattress sold on the Internet is about $1,000, I'd 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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