Pasife income earning
20. Apartment Owner: Why mess around with one rental property when you could diversify by leasing out 10 or more at a time? The big-time, experienced real estate marketers advocate going big by buying large properties like this and then taking on multiple tenants at a time. Although it requires a lot more management to be successful, the payoff is potentially much quicker than you would find with a single family home. Think college towns or places where lots of young people live and work.
Passive income has been a relatively loosely used term in recent years. Colloquially, it's been used to define money being earned regularly with little or no effort on the part of the person who's receiving it. Proponents of earning passive income tend to be boosters of a work-from-home and be-your-own-boss professional lifestyle. The type of earnings people usually associate with this are gains on stocks, interest, retirement pay, lottery winnings, online work, and capital gains.
In #10 we talked about investing in real estate. But let's say that you want to invest in real estate, but do it in a truly passive way. You can do that through a real estate investment trust. This is something like a mutual fund holding various real estate projects. The fund is managed by professionals, so you never have to get involved.
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One of the big benefits of investing in REITs is that they typically pay higher dividends than stocks, bonds, or bank investments. You can also sell your interest in a REIT anytime you like, which makes it more liquid than owning real estate outright.
You might be asking if there are so many apps out there, why would you want to attempt to create an app? Isn't there a lot of competition? Well, yes, but fresh, creative ideas can win. If you can come up with something unique, you can make quite a bit of money. Simple – yet unique – apps can be pretty passive.
23. Selling Things for Other People on eBay: For whatever reason, sometimes people are scared to sell stuff on eBay. Maybe it's the intimidation of not knowing what do, the fear of getting ripped off, the fear of not getting paid, etc. That's where you could step in and agree to do it for them. All you need to do is skim a percentage fee off the final sale price. Sell enough high dollar items (iPad, guitar, golf clubs, etc) and those fees could really add up to make it worth your time.
12. Peer-to-Peer Lending. Although most people probably wouldn't think of it as traditional investing, peer-to-peer (P2P) lending could be thought of as such because YOU get to be the bank. That means with this type of service, you loan the money and decide what interest rate you want to charge. That could be as high as approximately +30%! The only catches are that the borrowers could default on their loans (which is why you need to thoroughly review your candidates before you loan the money) and the P2P service takes a cut for brokering the deal. You can read a lot more about this at our post here.
Investopedia defines passive income as "earnings an individual derives from a rental property, limited partnership or other enterprise in which he or she is not actively involved." Popular culture, however, defines it as "any money you earn while sitting on a beach sipping mojitos."
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