Interesting reviews highly rated work hours, fast ways to make money, earned income, income from blogs, and p2p Lending Profit, WARNING: Why Peer To Peer Lending is a BAD INVESTMENT.
Peer To Peer Lending websites such as LendingClub and Prosper seem like a great investment…however, these are some of the concerns to watch out for. Enjoy! Add me on Instagram: GPStephan
Join the private Real Estate Facebook Group:
GET $50 OFF FOR A LIMITED TIME WITH COUPON CODE: THANKYOU50
The Real Estate Agent Academy: Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $125 million in sales:
For those of you who aren’t familiar with what Peer to Peer lending is:
These are websites like LendingClub and Prosper that act as an intermediary to match people who need to borrow money, with people who have money to lend. They’re pretty much offering YOU the opportunity to be the bank for someone else, and get paid back that interest.
However, these are my concerns:
First: Fees. As an investor, lending club charges a 1% fee on any payments you receive from the borrower…so already, whatever return you WERE getting, is now reduced by 1%.
Second: Defaults. If a borrower DOES NOT pay their loan, lending club charges a 40% fee on any amounts collected on a delinquent loan that went to litigation. According to them, they have an approximate default rate of about 7.8%. And keep in mind since the borrowers agreement is between themselves and lending club…not YOU and the borrower…you can’t do anything about it. You have no recourse.
Third: Lack of liquidity. Once you invest in a note, technically you’re tying up your money for 3-5 years until that loan matures…and that also assumes the borrower pays off the loan in time. If you need your money sooner, you’re forced to sell your loans on the secondary market…usually for a steep discount,
Fourth: Taxes then become an issue because your returns are seen by the IRS as ORDINARY INCOME, meaning they’re taxed at your highest marginal tax rate. And depending on how much you make, this could be a lot. Compare this to long term capital gains, which for most people is just a flat 15%.
Fifth: Risk of analyzing borrowers. Many P2P sites assume no risk in analyzing the credit worthiness of the borrowers. And this seems like people can easily take advantage of this.
Sixth: Default rates like this will ABSOLUTELY be going up if the economy begins to decline. The FIRST THINGS people stop paying is unsecured debt, like personal loans and credit cards…This leads me to think that whenever our economy begins to falter, the returns you’ll see on peer to peer lending websites will drop substantially, and at a time when you’ll WANT to have access to your money to invest in other opportunities, but you can’t because your money is tied up on these websites.
It’s for all of these reasons, you should do your own research to determine if peer to peer lending is right for you.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com
My ENTIRE Camera and Recording Equipment:
Favorite Credit Cards:
Chase Ink 100k Bonus Point Offer –
American Express Platinum –
p2p Lending Profit, WARNING: Why Peer To Peer Lending is a BAD INVESTMENT.
Passive Income Sources – 3 Types
You could decide to cut costs up until you get in better shape economically. Setting it up is not very simple, however if you do it right, it can indeed deserve it. Online marketing is how business reach the masses.
WARNING: Why Peer To Peer Lending is a BAD INVESTMENT, Watch trending updated videos about p2p Lending Profit.
Passive Income Sources – 3 Types
I make sure by now you may be asking your self, what does all this have to do with passive income ideas? Firstly, passive income provides you time flexibility. You might ask.The answer depends on two key aspects.
The idea of getting rich quickly has unsavory connotations, nevertheless to get rich quickly is no crime supplying you created that wealth within the law. Wealth production has many facets and can frequently be confusing nevertheless it does not have to be. To get rich quickly, you just require one thing. Take advantage of.
It is found to be the easiest and the very best methods to make money in a very tranquil and unwinded manner. The residual income is the very best way to learn a source to produce money immediately to get income each month without any sort of disturbances in it. As soon as one gets to understand the knack of acquiring earnings in these type of passive income sources then she or he can excel effectively in life.
It’s everything about establishing passive income streams, what I indicate by this is establishing your list building system so that it’s generally passive. There are numerous methods to do this. To successfully make passive income from your list, you require to have numerous things in place.
Material 2.0 sites that generally develop themselves. You get the ball rolling with a few pages of material and the software looks after the rest. These sites are a lot slower to grow, however as passive income ideas go, they require the least upkeep.
The internet supplies systems like this that are ripe for passive income. Anyone can start a blog site for complimentary and then monetize it with ads. Then you can make money from the marketing, if you can develop traffic to such a website. The beauty of a system like this is that there is almost infinite scale and a boundless amount of subjects with which to target. Not just that however you can certainly discover how to do all this for complimentary just by browsing the web.
One popular source today is composing Articles. You can outsource your Articles or compose them yourself. There is a great deal of money to be made from them. I would state that they are among the most used of sources to promote an online company.
These 5 examples are simply starter concepts for making passive income rapidly and quickly. As soon as you have even the tiniest amount of income rolling in, there are actually countless other choices available for making even more. The course is completely up to you.
At the end of a year, you’ll have 12 additional income sources. The income which earns for you without your presence involved is called Passive Income. The majority of us do not have much money however one thing we all have is time.
If you are looking most entertaining videos about p2p Lending Profit, and top affiliate programs, multiple passive income streams, considering passive please subscribe for email subscription DB totally free.