Getting Started With a Real Estate Investment? Here's An Easy Way To Do It!
For a newbie, the world of Real Estate investing can be very confusing! One easy way to get started is with a Real Estate Investment Trust, or REIT!
A REIT is a way to increase the amount of Real Estate in your financial portfolio without requiring you to actually buy a piece of property! REITS were created by congress in 1960 so that investors without the millions of dollars required to invest in commercial properrty could invest in Real Estate. Many REITS are publicly traded on stock exchanges and own a variety of property such as shopping malls, shopping cneters, offices, hotels, apartments, self- storage facilities, and more.
Most REITS manage their property as well as own it. Some REITs do not own property at all and invest in mortgages instead. Other REITs are not publicly traded. Individual investors can buy REIT shares instead of entering into a real estate partnership.
Like any other investment, the performance of individual REITs fluctuates for a variety of reasons. The best resource for information about REITs is the National Association of Real Estate Investment Trusts, which has extensive research and data on REITS. According to NAREIT, the average annual return on equity REITs between January 1973 and December 2010 was nearly 12.3%!
Have Questions regarding Real Estate? The Iris and Evelyn team are here to help! With their countless years of buying and selling Real Estate Properties, their experience and knowledge can help you make the right choice!
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