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

You dont even have to physically visit the properties!This is an perfect strategy if you live in an area where property prices are too high to invest in, or you dont want the hassle and expense of traveling all around the country visiting potential properties. Plus, if you are new to single-family real estate investing, letting a spot like Roofstock guide you through the process is a terrific way to get your toes wet.Once you purchase the property, theyll set you up with one of their vetted property managers to manage 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 most property investing groups is that you help each other compete against the big money players to acquire the very best returns.Other Passive Income InvestmentsWhen most men and women think of investing opportunities, they think of stocks, bonds, and valuable metals.

Gone are the days of mountains of paperwork, high brokerage fees and unattainable account minimums. Now you can invest on your own terms.7. Invest in dividend paying stocksAlly Invest  The earliest of passive income thoughts, investing in stocks that pay quarterly dividends remains one of the most effective ways to generate cash without much work.Lets state you buy shares of Colgate-Palmolive inventory.

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Over the past seven decades, 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 strategy, you may want to re-invest those dividends. But if youre strictly looking for passive income ideas, youd 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 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 . 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 go to this site your portfolio: Invest in a range of loans in increments as small as $25Get paid: Get monthly payments as borrowers repay their loans99% of Lending Club investors using 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 danger youre willing to take on, but I adore just how transparent the platform is.For each loan, you have to find the danger rating. The low risk / low return AA loans yield just over 4%, and this content 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 certain information about each loan, including exactly what the borrower is using it for, the state they reside in, how long the past-due period is, exactly what the monthly payments are, and 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 make a living online, while you sleep.10. Affiliate marketingYouve likely heard of affiliate marketing ahead of its when you earn a commission by promoting a product. The product that you promote online ought to be something youre knowledgeable about and that you think is high quality.

You can either form an affiliate relationship with resource a certain company (either directly or via a commission platform like Commission Factory, RewardStyle or even ShareASale), or you can sign up as an Amazon affiliate. I recommend both!Sounds good in theory, right But how can you really get startedYoull need a blog.

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

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