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

You dont even have to physically go to the properties!This is an ideal strategy should 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're new to single-family real estate investing, letting a place like Roofstock direct you through the process is a great way to get your toes wet.Once you buy the house, theyll pair you up with one of the vetted property managers to manage the day-to-day landlord jobs like collecting rent and scheduling maintenance.See Additionally: A Modern Way to Invest in Commercial Real Estate together 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 one can help each other compete against the big money players to acquire the best returns.Other Passive Income InvestmentsWhen many men and women think about investing opportunities, they think of shares, bonds, and valuable metals.

Gone are the days of mountains of paperwork, high broker 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 say you buy shares of Colgate-Palmolive inventory.

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Over the past seven decades, Colgate-Palmolive has compensated 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 these dividends. But if youre strictly looking for passive income ideas, youd do well pocketing the cash.If youre new to investing, Ally Invest has complimentary classes you can take.

You can even 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 want to my latest blog post 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 small as a $0.01 minimum initial deposit.Build your portfolio: Invest in a range of loans in increments as small as $25Get paid: Receive 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 risk youre willing to carry on, but I adore just how transparent the platform is.For each loan, you get to see that the danger rating. The low risk / low return AA loans yield just over 4 percent, and it goes all the way down the line to the high-risk category, which can pay 30% or more.You also get to view certain information about each loan, including exactly what the debtor is using it for, the state they live in, how long the past-due interval is, what the monthly payments are, and 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, all 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 promote online should be something youre knowledgeable about and that you believe is top quality.

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

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Since most mattress companies cover a 5 percent commission and the typical price of a decent excellent bed sold on the Internet is approximately $1,000, I'd make $50 each time someone bought 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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