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!
2121 S Pennington --, Mesa 85202, Dobson Glen Amd 3 & 4 Lot 69-148
- $130,900
- Bedrooms: 2, Baths: 1.5
- Home size: 1,156
- Lot size: 525
- Year built: 1980
- MLS #: 5793305
700 W University Drive, Tempe 85281, Scene 1 Condominiums
- $142,150
- Bedrooms: 2, Baths: 1
- Home size: 840
- Lot size: 68
- Year built: 1983
- MLS #: 5795211
3840 N 43rd Avenue, Phoenix 85031, EL Sereno Unit 1-80
- $85,000
- Bedrooms: 3, Baths: 1.5
- Home size: 1,243
- Lot size: 583
- Year built: 1975
- MLS #: 5761571
2508 E 6th Street, Tempe 85281, University Shadows
- $149,990
- Bedrooms: 2, Baths: 2
- Home size: 987
- Lot size: 1,032
- Year built: 1979
- MLS #: 5760279
420 E Bruce Avenue, Gilbert 85234, Meadowbrook Village
- $128,000
- Bedrooms: 2, Baths: 1.75
- Home size: 813
- Lot size: 793
- Year built: 1984
- MLS #: 5769148
16031 N 25th Drive, Phoenix 85023, Canyon Crest
- $142,900
- Bedrooms: 2, Baths: 1.5
- Home size: 902
- Lot size: 1,689
- Year built: 1974
- MLS #: 5794376
10610 S 48th Street, Phoenix 85044, Desert Foothills Villas Unit 1001-1107 2001-2107
- $144,900
- Bedrooms: 2, Baths: 2
- Home size: 965
- Lot size: 898
- Year built: 1984
- MLS #: 5794914
609 N Pioneer Circle, Mesa 85203, Casa LA Mesa 1
- $138,900
- Bedrooms: 2, Baths: 1.1
- Home size: 1,164
- Lot size: 1,965
- Year built: 1968
- MLS #: 5793809
2650 N 43rd Avenue, Phoenix 85009, Woodmar 4
- $59,999
- Bedrooms: 2, Baths: 1
- Home size: 957
- Lot size: 2,834
- Year built: 1973
- MLS #: 5774088
1209 N 47th Place, Phoenix 85008, Villa Verde Condo
- $75,000
- Bedrooms: 2, Baths: 1
- Home size: 880
- Lot size: 839
- Year built: 1972
- MLS #: 5679474
633 N May Street, Mesa 85201, Village Park 2B Amended
- $125,000
- Bedrooms: 3, Baths: 2
- Home size: 936
- Lot size: 1,359
- Year built: 1979
- MLS #: 5791807
4018 S 44th Way, Phoenix 85040, Hallcraft Villas
- $83,000
- Bedrooms: 2, Baths: 1.5
- Home size: 927
- Lot size: 814
- Year built: 1979
- MLS #: 5760763
4505 E Wood Street, Phoenix 85040, Hallcraft Villas
- $83,000
- Bedrooms: 2, Baths: 1
- Home size: 924
- Lot size: 888
- Year built: 1973
- MLS #: 5760750
600 S Dobson Road, Mesa 85202, Hallcraft Villas Mesa /Planned Res Dev/
- $125,000
- Bedrooms: 2, Baths: 1
- Home size: 902
- Lot size: 893
- Year built: 1972
- MLS #: 5793453
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 #: 5764889
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 7/19/2018 10:07 AM MST.
