| Which REITS have you used and how was it? |
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newguy84
Member
Cash: $ 2.35
Posts: 10
Joined: 26 Apr 2007
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| Which REITS have you used and how was it? |
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Hey everyone, how are all of you doing? I have a question concerning real estate and if you could help that would be nice. My question is that do you do your own investing or do you leave to a company like maybe a reit. If you do go with a reit what companys do you use, as in local companies or are their national reputable companies you go with? Just trying to get my feet wet, thank you.
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Sun Apr 29, 2007 10:21 pm |
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Bid-Palace
Full Member
Cash: $ 4.21
Posts: 74
Joined: 17 Mar 2004
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I am curious about REIT's also.. I have read up about them and possibly would like to diversify my portfolio with them. IF anybody has any suggestions or insight, I would also be all ears. I think they are like the mutual funds of real estate and ppl are investing in a group's performance on a bunch of properties. I though they solely invested in real estate but guess that is not the case. I also think they are usually local groups in REIT's.. I am not 100% but I would like to know more and if anybody has any suggestions.
Take Care
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Mon May 07, 2007 2:17 pm |
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efflandt
Senior Member
Cash: $ 80.45
Posts: 401
Joined: 25 Apr 2005
Location: Elgin, IL USA
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Sometimes you can get a deal on REITs when they are depressed by somewhat unrelated markets. For example I bought a couple of commercial REITs last year when they were depressed by rising interest rates and expected decrease in single-family housing market, even though they were commercial REITs and commercial development was still going strong.
The ones I had were sort of volitile because they only traded about 50,000 shares/day. That allowed me to grab them at the bottom of their range and make some profit. But I since put that money into foreign ETFs which have gained more since December (for the moment).
Something to note about REITs in a taxable account is that dividends are fully taxed (not qualfied for long term gain rate). But that does not matter in an IRA.
My primary Real Estate asset-allocation now is the U.S. Property fund in my 401(k), which is very stable because the fund itself owns commercial and multi-family property (better return and less risk than bonds), not Real Estate stocks. It kept gaining right through last summer's dip.
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Tue May 08, 2007 12:00 am |
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Bid-Palace
Full Member
Cash: $ 4.21
Posts: 74
Joined: 17 Mar 2004
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Thanks.. that was very insightful, it's nice having diverse markets to invest in to better leverage our portfolio's.. Unfortunately, a lot of ppl don't know about REIT's or FOREX and many other tools to have a retirement..
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Tue May 08, 2007 12:38 am |
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