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However, youll most likely still get monthly or quarterly payments, depending on which investment opportunity that you select.6. Buy your first investment propertyRoofstock  Investing in rental properties is one of those passive income thoughts which can be extremely intimidating, especially when it comes to finding tenants. Roofstock lets you purchase 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 if you reside 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 properties. Plus, if you're new to single-family real estate investing, letting a place like Roofstock guide you through the process is a terrific way to get your feet wet.Once you purchase the property, theyll pair you up with one of the vetted property managers to manage the day-to-day landlord jobs such as collecting rent and scheduling maintenance.See Additionally: A Modern Way to Invest in Commercial Property Estate together with Equity MultipleAnother option: Consider starting your own property investment group.

According to Joseph Hogue, CFA in PeerFinance101.com, The common bond in all real estate investing classes is that you help each other compete against the big money players to get the very best returns.Other Passive Income InvestmentsWhen many people think about investing opportunities, they think of shares, bonds, and precious metals.

Gone are the days of mountains of paperwork, high 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 most effective methods to generate cash without much work.Lets say you purchase shares of Colgate-Palmolive stock.

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Over the past seven decades, Colgate-Palmolive has compensated between $0.34 and $0.68 per quarter for 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 also do well pocketing the cash.If youre new to investing, Ally Invest has free classes 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 want to feel just like youre contributing to society, Lending Club lets you do . Lending Club requires your investment and enables people to borrow to start businesses, consolidate debt, and pay for medical care.Heres how 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: Get monthly payments as borrowers repay their loans99% of Lending Club investors using a 100+ note portfolios earn favorable returnsReinvest payments or withdrawProsper Like Lending Club, Prosper is also a peer lending lending group, but it has a twist.

Again, the return official statement is based on the amount of risk youre willing to take on, but I love how transparent the stage is.For each loan, you have to see that the risk rating. The very low risk / low return AA loans yield just over 4%, and it moves all of the way down the line to the high-risk category, which can pay 30 percent or more.You also get to view certain information about each loan, including what the borrower is using it for, the state they reside in, how long the pay-off interval is, exactly what the monthly payments are, and what rate the borrower will pay.

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But, once you get these up and Extra resources running, you can take your foot off the gas and actually make a living online, 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 specific company (either directly or through a commission platform like Commission Factory, RewardStyle or even ShareASale), or you can sign up as an Amazon affiliate. I recommend both!Sounds great in concept, right But how do you actually get startedYoull need a site.

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Since most mattress companies pay a 5% commission and the average cost of a decent excellent mattress sold on the Internet is about $1,000, I would make $50 every time someone bought a mattress predicated on my recommendation.But, I need an online presence, so that I can share my knowledge and make recommendations.

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