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However, youll most likely still get monthly or quarterly payments, depending on which investment opportunity you choose.6. Buy your initial investment propertyRoofstock  Investing in rental properties is one of those passive income ideas which can be extremely intimidating, especially when it comes to finding tenants. Roofstock enables you to 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 if you live in an area where real estate costs are too large to 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 property investing, letting a place like Roofstock direct you through the process is a great way to get your toes wet.Once you purchase the house, theyll pair 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 Property Estate with Equity MultipleAnother option: Consider starting your own property investment group.
According to Joseph Hogue, CFA from PeerFinance101.com, The common bond in most property investing classes is that you help each other compete against the big money players to get the best returns.Other Passive Income InvestmentsWhen most people think about investing opportunities, they think of shares, 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 provisions.7. Invest in dividend paying stocksAlly Invest  The oldest of passive income thoughts, investing in stocks that pay quarterly dividends remains one of the best ways to generate money without much work.Lets say you purchase shares of Colgate-Palmolive stock.
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Over the previous seven decades, Colgate-Palmolive has compensated between $0.34 and $0.68Â each quarter to get every single share owned by stockholders.Depending on your long-term investment plan, you may want to re-invest those dividends. However, if youre strictly looking for passive income ideas, youd also do well pocketing the cash.If youre new to investing, Ally Invest has free courses you can take.
You can also check out this listing of the ideal investment apps.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 lets you do both. Lending Club takes your investment and allows people to borrow money to start businesses, consolidate debt, and cover medical care.Heres the way 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 small as $25Get paid: Get monthly payments as debtors 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 group, but it's 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 get to find that the risk 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 high-risk category, which can pay 30% or more.You also get to see specific details about every 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 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 make a living online, all 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 market online should 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 through a commission platform such as 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 actually get startedYoull need a blog.
