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!
17211 N 35th Avenue, Phoenix 85053, Phoenician Pines Condominium
- $119,800
- Bedrooms: 2, Baths: 2
- Home size: 1,174
- Lot size: 1,218
- Year built: 1981
- MLS #: 5780370
30 E Brown Road, Mesa 85201, Ramblewood
- $130,000
- Bedrooms: 2, Baths: 1
- Home size: 867
- Lot size: 58
- Year built: 1982
- MLS #: 5843710
1720 E Thunderbird Road, Phoenix 85022, Cliffs AT North Mountain Condominium
- $142,500
- Bedrooms: 2, Baths: 2
- Home size: 886
- Lot size: 859
- Year built: 1987
- MLS #: 5849489
1720 E Thunderbird Road, Phoenix 85022, Cliffs AT North Mountain Condominium
- $149,000
- Bedrooms: 2, Baths: 2
- Home size: 886
- Lot size: 859
- Year built: 1987
- MLS #: 5848796
2820 E Waltann Lane, Phoenix 85032, Sunset Shadows 3 Lot 65-128 TR A-C
- $139,999
- Bedrooms: 2, Baths: 1.5
- Home size: 870
- Lot size: 729
- Year built: 1983
- MLS #: 5830279
921 W University Drive, Mesa 85201, Discovery At Continental Orchard
- $145,000
- Bedrooms: 2, Baths: 1
- Home size: 784
- Lot size: 33,898
- Year built: 1987
- MLS #: 5849419
861 N Revere --, Mesa 85201, Colonial Manor - Mesa Phase 1 D/P 4790-344 Amd 03-
- $125,000
- Bedrooms: 2, Baths: 1
- Home size: 900
- Lot size: 844
- Year built: 1963
- MLS #: 5848649
3645 N 69th Avenue, Phoenix 85033, Cypress Gardens
- $90,000
- Bedrooms: 2, Baths: 1
- Home size: 840
- Lot size: 2,187
- Year built: 1983
- MLS #: 5841712
4820 N 89th Avenue, Phoenix 85037, Vista DE Oeste 2
- $112,000
- Bedrooms: 2, Baths: 2
- Home size: 803
- Lot size: 82
- Year built: 1983
- MLS #: 5843963
4434 E Hubbell Street, Phoenix 85008, Casitas Lindas Unit 1-100
- $149,995
- Bedrooms: 2, Baths: 1.5
- Home size: 1,012
- Lot size: 943
- Year built: 1979
- MLS #: 5836096
4406 E Wood Street, Phoenix 85040, Hallcraft Villas East 5
- $83,000
- Bedrooms: 2, Baths: 1.5
- Home size: 1,016
- Lot size: 814
- Year built: 1984
- MLS #: 5826011
4505 E Wood Street, Phoenix 85040, Hallcraft Villas
- $80,900
- Bedrooms: 2, Baths: 1
- Home size: 924
- Lot size: 888
- Year built: 1973
- MLS #: 5826012
4018 S 44th Way, Phoenix 85040, Hallcraft Villas
- $80,900
- Bedrooms: 2, Baths: 1.5
- Home size: 927
- Lot size: 814
- Year built: 1979
- MLS #: 5826010
3526 W Dunlap Avenue, Phoenix 85051, Dunlap Condominiums
- $82,000
- Bedrooms: 2, Baths: 1.5
- Home size: 1,108
- Lot size: 61
- Year built: 1974
- MLS #: 5847497
19601 N 7th Street, Phoenix 85024, Mountain Shadow Lake Condominium 2
- $149,900
- Bedrooms: 3, Baths: 2.5
- Home size: 1,184
- Lot size: 739
- Year built: 1985
- MLS #: 5823654
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 11/21/2018 12:37 PM MST.
