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!
1645 W Baseline Road, Mesa 85202, Water Works
- $139,000
- Bedrooms: 2, Baths: 2.5
- Home size: 1,190
- Lot size: 526
- Year built: 1984
- MLS #: 5954222
3416 N 44th Street, Phoenix 85018, Villa Hermitage
- $145,000
- Bedrooms: 2, Baths: 2
- Home size: 1,044
- Lot size: 308
- Year built: 1969
- MLS #: 5950282
2664 E Oakleaf Drive, Tempe 85281, Oaks
- $124,900
- Bedrooms: 2, Baths: 1
- Home size: 780
- Lot size: 1,729
- Year built: 1973
- MLS #: 5955013
2625 E Indian School Road, Phoenix 85016, Biltmore Promenade Condominium
- $150,000
- Bedrooms: 2, Baths: 2
- Home size: 874
- Lot size: 898
- Year built: 1982
- MLS #: 5947771
8210 N 33rd Lane, Phoenix 85051, Villas Northern
- $115,000
- Bedrooms: 2, Baths: 1
- Home size: 1,008
- Lot size: 864
- Year built: 1973
- MLS #: 5945791
4767 E Belleview Street, Phoenix 85008, Villa Verde Condo Not A Sub
- $136,000
- Bedrooms: 2, Baths: 1
- Home size: 968
- Lot size: 395
- Year built: 1972
- MLS #: 5943629
1130 E Butler Drive, Phoenix 85020, Hillside Terrace Condominium
- $120,000
- Bedrooms: 2, Baths: 2
- Home size: 956
- Lot size: 961
- Year built: 1972
- MLS #: 5753631
1331 W Baseline Road, Mesa 85202, Dobson Bay Club Condominium Amd Common Elements
- $135,000
- Bedrooms: 2, Baths: 2
- Home size: 816
- Lot size: 890
- Year built: 1983
- MLS #: 5954844
17017 N 12th Street, Phoenix 85022, Cordillera Condominium
- $149,500
- Bedrooms: 2, Baths: 1
- Home size: 972
- Lot size: 939
- Year built: 1996
- MLS #: 5912262
16402 N 31st Street, Phoenix 85032, Villa Capri Condominium Amd 2
- $105,000
- Bedrooms: 2, Baths: 2
- Home size: 934
- Lot size: 1,031
- Year built: 1988
- MLS #: 5949022
8218 N 33rd Lane, Phoenix 85051, Villas Northern I
- $110,000
- Bedrooms: 2, Baths: 1
- Home size: 924
- Lot size: 771
- Year built: 1973
- MLS #: 5943986
602 N May --, Mesa 85201, Dartmouth Trace Phase 2 Unit 31-38
- $145,000
- Bedrooms: 2, Baths: 2
- Home size: 960
- Lot size: 655
- Year built: 1984
- MLS #: 5898094
3131 W Cochise Drive, Phoenix 85051, Points West Condominium UT 101-172 201-272
- $110,000
- Bedrooms: 2, Baths: 2
- Home size: 922
- Lot size: 1,009
- Year built: 1983
- MLS #: 5954745
906 S Acapulco Lane, Tempe 85281, Casitas Amd
- $134,000
- Bedrooms: 2, Baths: 1
- Home size: 864
- Lot size: 2,648
- Year built: 1973
- MLS #: 5953334
3306 W Laurie Lane, Phoenix 85051, Northern Manor
- $142,000
- Bedrooms: 2, Baths: 2.5
- Home size: 1,696
- Lot size: 2,165
- Year built: 1973
- MLS #: 5952303
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 7/21/2019 5:32 AM MST.
