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!
932 S Casitas Drive, Tempe 85281, Casitas Tempe Amd
- $144,900
- Bedrooms: 2, Baths: 2
- Home size: 1,006
- Lot size: 2,426
- Year built: 1978
- MLS #: 5821482
3420 W Danbury Drive, Phoenix 85053, Phoenician Pines Condominium
- $123,950
- Bedrooms: 2, Baths: 2
- Home size: 896
- Lot size: 914
- Year built: 1981
- MLS #: 5927820
11048 N 28th Drive, Phoenix 85029, Desert Shores Phase 3
- $119,000
- Bedrooms: 2, Baths: 1
- Home size: 1,024
- Lot size: 59
- Year built: 1977
- MLS #: 5927564
286 W Palomino Drive, Chandler 85225, Chandler Meadows Condos TR A & B
- $130,000
- Bedrooms: 2, Baths: 1.5
- Home size: 882
- Lot size: 458
- Year built: 1982
- MLS #: 5928182
2845 E Tracy Lane, Phoenix 85032, Paradise Mountain Shadows Lot 1-59 TR A-F
- $144,000
- Bedrooms: 2, Baths: 1.5
- Home size: 960
- Lot size: 1,295
- Year built: 1984
- MLS #: 5926724
6637 N 27th Avenue, Phoenix 85017, Loma Linda Condominium
- $69,000
- Bedrooms: 2, Baths: 1
- Home size: 880
- Lot size: 940
- Year built: 1973
- MLS #: 5912600
2537 W Georgia Avenue, Phoenix 85017, Sonoran Square Condominium
- $74,999
- Bedrooms: 2, Baths: 1
- Home size: 792
- Lot size: 812
- Year built: 1982
- MLS #: 5917821
145 N 74th Street, Mesa 85207, Sunvalley Casitas Lot 101-156 201-256
- $138,000
- Bedrooms: 2, Baths: 2
- Home size: 975
- Lot size: 967
- Year built: 1992
- MLS #: 5928375
1645 W Baseline Road, Mesa 85202, Water Works
- $145,999
- Bedrooms: 2, Baths: 1.5
- Home size: 912
- Lot size: 398
- Year built: 1982
- MLS #: 5894107
544 S Allred Drive, Tempe 85281, University Shadows
- $149,000
- Bedrooms: 2, Baths: 2
- Home size: 987
- Lot size: 101
- Year built: 1982
- MLS #: 5927709
15801 N 29th Street, Phoenix 85032, Greenwood Villas Unit 1-27
- $128,000
- Bedrooms: 2, Baths: 1.5
- Home size: 1,121
- Lot size: 487
- Year built: 1985
- MLS #: 5914298
600 S Dobson Rd --, Mesa 85202, Hallcraft Villas
- $149,999
- Bedrooms: 3, Baths: 1
- Home size: 987
- Lot size: 928
- Year built: 1972
- MLS #: 5901088
607 S Allred Drive, Tempe 85281, University Shadows
- $147,500
- Bedrooms: 2, Baths: 2
- Home size: 987
- Lot size: 1,019
- Year built: 1979
- MLS #: 5915348
653 W Guadalupe Road, Mesa 85210, Brookside Amd
- $120,000
- Bedrooms: 2, Baths: 2
- Home size: 871
- Lot size: 855
- Year built: 1984
- MLS #: 5927689
286 W Palomino Drive, Chandler 85225, Chandler Meadows Condos TR A & B
- $127,000
- Bedrooms: 2, Baths: 1.5
- Home size: 882
- Lot size: 458
- Year built: 1983
- MLS #: 5928072
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
IDX Solution Provided by iFoundAgent.com
ARMLS Listing Data last updated 5/20/2019 1:39 PM MST.
