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!
2315 W Union Hills Drive, Phoenix 85027, Union Hills Villas TR A Common Areas
- $143,000
- Bedrooms: 2, Baths: 2.5
- Home size: 1,544
- Lot size: 754
- Year built: 1986
- MLS #: 5883614
2533 W Hazelwood Street, Phoenix 85017, Madoma Manor
- $126,000
- Bedrooms: 3, Baths: 2
- Home size: 1,384
- Lot size: 1,254
- Year built: 1976
- MLS #: 5858179
747 S Extension Road, Mesa 85210, Cottonwood Villas Condominiums
- $134,900
- Bedrooms: 2, Baths: 2
- Home size: 890
- Lot size: 95
- Year built: 1986
- MLS #: 5873932
1920 W Lindner Avenue, Mesa 85202, Par 34 Unit 101-150 153-178 201-278
- $150,000
- Bedrooms: 2, Baths: 2
- Home size: 1,018
- Lot size: 1,132
- Year built: 1980
- MLS #: 5884766
3402 N 32nd Street, Phoenix 85018, Emerald Park Condominium
- $142,900
- Bedrooms: 3, Baths: 2
- Home size: 941
- Lot size: 1,063
- Year built: 1969
- MLS #: 5874225
921 W University Drive, Mesa 85201, Discovery AT Continental Orchard-A
- $150,000
- Bedrooms: 2, Baths: 1.5
- Home size: 956
- Lot size: 49
- Year built: 1987
- MLS #: 5880295
2415 W Hazelwood Street, Phoenix 85015, Heatherglen Condominium 1 Aka Tanglewood
- $84,999
- Bedrooms: 3, Baths: 2
- Home size: 1,036
- Lot size: 96
- Year built: 1965
- MLS #: 5884724
6565 N 19th Avenue, Phoenix 85015, Tahitian Village
- $127,500
- Bedrooms: 3, Baths: 1.5
- Home size: 1,216
- Lot size: 2,218
- Year built: 1963
- MLS #: 5869351
19601 N 7th Street, Phoenix 85024, Mountain Shadow Lake Condominium 2
- $105,000
- Bedrooms: 2, Baths: 1
- Home size: 859
- Lot size: 495
- Year built: 1985
- MLS #: 5884321
4643 N 21st Avenue, Phoenix 85015, Casa Fiesta Townhouses /Sub Lot Dev/
- $149,900
- Bedrooms: 3, Baths: 2.5
- Home size: 1,608
- Lot size: 2,187
- Year built: 1967
- MLS #: 5883930
2014 W Highland Avenue, Phoenix 85015, Park Mediterrane Two Townhouses (Sub Lot Dev)
- $149,900
- Bedrooms: 2, Baths: 2
- Home size: 1,544
- Lot size: 2,910
- Year built: 1970
- MLS #: 5881797
16402 N 31st Street, Phoenix 85032, Villa Capri Condominium Amd 2
- $118,900
- Bedrooms: 2, Baths: 2
- Home size: 934
- Lot size: 99
- Year built: 1985
- MLS #: 5875198
533 W Guadalupe Road, Mesa 85210, Woodglen Square II
- $124,000
- Bedrooms: 2, Baths: 2
- Home size: 828
- Lot size: 920
- Year built: 1987
- MLS #: 5884448
3421 W Dunlap Avenue, Phoenix 85051, Phoenician Palms Condominium
- $94,000
- Bedrooms: 3, Baths: 2
- Home size: 1,172
- Lot size: 1,239
- Year built: 1973
- MLS #: 5873762
3230 E Pinchot Avenue, Phoenix 85018, Sierra Grande Condominium Amended Apt 101-133
- $125,000
- Bedrooms: 2, Baths: 2
- Home size: 1,032
- Lot size: 102
- Year built: 1970
- MLS #: 5856803
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 2/18/2019 9:09 AM MST.
