Real Estate Investment Trusts (REITs): Becoming a Virtual Landlord
In This Chapter
Understanding what makes a REIT a REIT
Knowing how much to invest
Focusing on the best REIT fund options
Why, land is the only thing in the world worth workin’ for, worth fightin’ for, worth dyin’ for, because it’s the only thing that lasts.
— Spoken by the character Gerald O’Hara in Gone with the Wind
Scarlett’s father said those words long before the U.S. real estate crash at the onset of the 21st century. Unless you happen to have bought into real estate just prior to that crash, you’ve probably done quite well with any investments you’ve made in land.
The value of commercial real estate — just about anywhere in the nation —softened right along with the housing market. But again, unless you bought just prior to the decline that began its serious fall in 2006, any investment in commercial property has probably done well. In fact, if you happen to own some commercial property, perhaps through a real estate investment trust (REIT), you likely made out very well in more recent years after the dust from the crash had at least partially settled.
In a nutshell, real estate investment trusts, ...