Real Estate Investment Trusts – REIT for short. Are they the best real estate investment?
A friend of mine recently asked my opinion about a REIT – Real Estate Investment Trust. You know, those sexy crowd-sourcing ventures where you pool you money with other mogul wannabes and buy retail shops, apartment buildings and office complexes and just watch the cash flow into you pockets. Sort of. Actually, the fund managers do all the work,collecting rents from the tenants and paying the investors dividends when they make a profit. Of course, you know what happens if there is not profit, right?
Let’s say you have $1000 laying around and you wanted to invest in real estate? Is the REIT the best way to go? Maybe. But before you join the REIT bandwagon, ask yourself this question? Do you rent or own the place where you live?
On average, Americans accumulate more wealth in real estate than any other investment.
The reason I ask is that if you are renting, you are missing out on the EASIEST way to invest in real estate. Seriously. It’s a proven fact that over the long haul, folks who own their homes accumulate more wealth on average than those who rent.
Think about it…when you own your home, you are investing money you have to spend anyway! It’s easy peasy. And with the low interest rates we have right now, it’s a flat out no-brainer.
For an extra bonus, many qualify for the down payment assistance programs available so they can buy a house for very little cash. It’s just doesn’t get any easier, my friends!
Check out the video for a comparison between a REIT and the purchase of a townhome that will blow your socks off. Then check out the link below to find your own piece of the action.
Good luck moguls!
18202 N Cave Creek Road, Phoenix 85032, Mountain Springs Terrace Condominium
- $67,000
- Bedrooms: 2, Baths: 2
- Home size: 836
- Lot size: 84
- Year built: 1983
- MLS #: 6012927
3405 W Danbury Drive, Phoenix 85053, Phoenician Pines Condominium
- $130,000
- Bedrooms: 2, Baths: 2
- Home size: 996
- Lot size: 914
- Year built: 1981
- MLS #: 6012903
3840 N 43rd Avenue, Phoenix 85031, EL Sereno Unit 1-80
- $79,999
- Bedrooms: 3, Baths: 1.5
- Home size: 1,243
- Lot size: 534
- Year built: 1975
- MLS #: 6012760
8121 N 32nd Drive, Phoenix 85051, Villas Northern 2 TR I & J
- $145,000
- Bedrooms: 3, Baths: 1
- Home size: 1,008
- Lot size: 873
- Year built: 1980
- MLS #: 6008578
3421 W Dunlap Avenue, Phoenix 85051, Phoenician Palms Condominium
- $76,000
- Bedrooms: 2, Baths: 2
- Home size: 969
- Lot size: 935
- Year built: 1973
- MLS #: 6005367
5106 N 17th Avenue, Phoenix 85015, Villa Camelback Lot 1-24 25 26
- $135,000
- Bedrooms: 2, Baths: 1.5
- Home size: 1,082
- Lot size: 522
- Year built: 1981
- MLS #: 5980702
2411 W Hazelwood Street, Phoenix 85015, Heatherglen Condominium 1 Aka Tanglewood
- $99,900
- Bedrooms: 3, Baths: 2
- Home size: 1,036
- Lot size: 980
- Year built: 1965
- MLS #: 6008806
357 E Thomas Road, Phoenix 85012, Windsor Place
- $149,900
- Bedrooms: 2, Baths: 1.75
- Home size: 1,102
- Lot size: 1,056
- Year built: 1960
- MLS #: 6011334
1302 E Maryland Avenue, Phoenix 85014, Twelve Palms
- $149,000
- Bedrooms: 2, Baths: 1.5
- Home size: 1,104
- Lot size: 3,527
- Year built: 1983
- MLS #: 6006991
8022 N 32nd Avenue, Phoenix 85051, Northern Manor Unit 2
- $135,000
- Bedrooms: 2, Baths: 2.5
- Home size: 1,696
- Lot size: 2,161
- Year built: 1979
- MLS #: 6008788
1702 W Tuckey Lane, Phoenix 85015, Olive 66
- $99,000
- Bedrooms: 2, Baths: 1
- Home size: 863
- Lot size: 864
- Year built: 1985
- MLS #: 5993118
4615 N 39th Avenue, Phoenix 85019, Cedic Gardens Townhouses
- $96,900
- Bedrooms: 2, Baths: 1.5
- Home size: 1,020
- Lot size: 636
- Year built: 1975
- MLS #: 5986721
4018 W Palomino Road, Phoenix 85019, Hallcraft Villas West 3 /Sub Lot Dev/
- $115,000
- Bedrooms: 3, Baths: 1
- Home size: 1,005
- Lot size: 2,862
- Year built: 1972
- MLS #: 6012304
7550 N 12th Street, Phoenix 85020, Sundance
- $118,000
- Bedrooms: 2, Baths: 1
- Home size: 874
- Lot size: 810
- Year built: 1972
- MLS #: 6012259
555 N May --, Mesa 85201, Village Park 2A
- $143,000
- Bedrooms: 2, Baths: 1
- Home size: 768
- Lot size: 1,368
- Year built: 1973
- MLS #: 6008644
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
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ARMLS Listing Data last updated 12/10/2019 3:36 AM MST.
