You don’t have to travel to invest in property abroad. You can simply buy a REIT. Short for Real Estate Investment Trust, they are far superior to holding a single investment condominium. Here’s how they make you money.
What are REITs?
AREIT is a company that owns real estate. It trades on a stock exchange just like other corporations. You simply place a buy order through your broker of choice. The income these properties generate for the company is paid out as dividends to the shareholders. By law this payout ratio must be 90% of profits. It’s therefore akin to buying an apartment or house and renting it out. Buying a REIT makes you a co-owner of the underlying properties held in its portfolio.
The most common type of REITs are:
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