Investment Ideas You Should Know About and Try in 2019

Some of us have a keen entrepreneurial spirit that has to be fuelled. Those are the people for whom life certainly has something to offer. Something more than a monthly wage and health benefits. With continuously increasing living costs, many of us search for investment opportunities, really profitable ones, that might boost our monthly profits and assure you higher living standards. While many of us have the necessary spirit and start a business or invest in something, we might lack the necessary ideas to start this journey. Below we have some real estate investment ideas that will certainly raise your interest and are easily approachable for even those inexperienced.

High-interest saving accounts

This investment method is simply perfect for those inexperienced investors that want a risk-free, high return investment solution. This method simply involves keeping your money on a special account and waiting. Yes, this is a fully passive investment idea and all you have to do is find a yield saving account that doesn’t have any sort of fees or charges on them. You will find various vendors or similar accounts on the web, but for your own safety, make sure that you collaborate with a bank or similar institution with a spotless reputation and has a decent history. Plus, research their customer service department and their reliability. This way, you will be assured that no matter the urgency or issue, you will be able to resolve those and easily reach the customer support department. But generally, when it comes to high-interest saving accounts, as long as you collaborate with big names in the industry, you’re all settled.

Peer-to-peer lending

Another brilliant investment solution that will bring you plenty of financial advantages and very much resembles a passive investment idea is peer-to-peer lending. This is the most recommended investment solution that pays back at short intervals. But what does this investment idea involve? You simply find a dedicated platform and lend money to individuals that need it. While at the first glance this sounds at least risky, and you would never get involved in such business, experts say it is very safe and profitable, in fact. The main idea is to screen your investments carefully before lending the money. And finding a reliable peer-to-peer lending platform that screens the subjects in advance is the best way to tackle this. Reliable platforms of this kind also have pretty decent return rates. In most of the cases, you will find platforms that offer 5% rates, which is more than profitable if you think of the fact that this is a completely passive, low-risk, high-return investment idea. Make sure that you are fully aware that the minimum investment per loan is $25.

House flipping

This is another impressive and profitable investment idea that will certainly make many curious. This process simply involves purchasing a property, renovating it and selling it for a higher price. However, in many cases, if you don’t have any sort of idea on how to deal with these investments, the logistics behind can get a tad too complicated. First, you should identify an area with a good real estate potential and find a house with potential, but that is also estimated at a relatively low value.

After all, fixing a home and selling it for a profit afterwards means that you have to invest some time and money in it. But if you purchase a foreclosed property in an auction from a bank, you might get a great home on a bargain. Worth noting would be the fact that when you choose to invest in a similar property, previous owners weren’t able to pay for their mortgage, thus were in financial hardship. This means that they might have been unable to pay for upkeep work on the property.

Previously to investing in a certain home, make sure that it isn’t infested with any sort of pests or doesn’t have severe structural damage. This might mean that you have to invest impressive amounts only to make it inhabitable.

When it comes to renovating your flip house, start from those obvious parts: replace the casement window hardware available in the house, give the kitchen area a fresh look and apply a new coat of paint all over the house, including the exterior. This will make your flip property look crisp and make it more appealing to potential buyers.

After you fix the home and make it appealing for potential buyers, make sure to find a reliable realtor that is able to help you make a profit on your flip property.

Cash back credit cards

This is an investment idea that is boosting in popularity, lately. This is a simple way of making some extra money, and it is best suitable for those inexperienced, investment-wise. Cash-back credit cards allow you to have a ratio of your spent amount reimbursed to your accounts. To better illustrate this case, let’s take the hypothetical situation of you spending $2,000 in a month’s period from your cash back credit card. This will come back to you like points and you will be transferred their equivalent. If you are an eager spender, this might be the best investment solution as you make money as you spend. But if you want to avoid spending money, this idea might not be recommended for you. It will only fuel your desire to spend more money and this might not be ideal in certain cases.

Some of the investment ideas above might sound boring for many, but if you’re just starting off in your investment career, they are simply great. With almost no risks associated with them and a fairly generous return on investment, these will make the delight of those college students that seek some opportunities business-wise. For those with a little bit more investment inexperience, the house flip solution might be just perfect. However, you should make sure that you invest in some top-quality details that will make your flip property more appealing to potential buyers.