 Interest Income is one form of income that can help you compound your money. Before you think I'm talking about small returns of 1%-3% on an annual basis, you must understand how you earn the income.
I use Groundfloor.us to earn interest from Real Estate. This is a crowdfunding platform that lets you invest at LEAST $10 in any loan they have. The reason why people borrow from GroundFloor is because they are hard money lenders. Hard Money Lenders, loan money to Real Estate investors who are in need of funds. Usually it's for Fix and Flips. This results in the high interest we receive. Which can be as much as 14% within a year. So what happens if a lender doesn't pay? GroundFloor will handle that. They will receive the property they have for collateral and sell it themselves. If they have to go to court, they will. You will NOT lose any money. Personally, this is my favorite Real Estate Loan platform. They have short time frames, from 3 months to 12 months, high interest, and you can see the details of every loan. Check it out here: www.groundfloor.us/new_referral/z95217
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