A multitude of self-made millionaires (and billionaires) made their
fortunes in real estate, often through the development of large-scale
projects such as shopping centers or planned communities. On a smaller
scale, there are many landlords with one or more rental properties
earning them a monthly income.
If you want to profit from real estate but don't have the initial
investment for a large-scale development and don't want to deal with the
daily hassles of being a landlord, then this investment is for you...
In 1960 Congress created a special investment vehicle called a Real
Estate Investment Trust (REIT) as a way to make investment in
large-scale, income-producing real estate accessible to all investors.
REITs are bought and sold just like stocks and have become quite popular
with individual investors.
According to REIT.com, as of Jan. 1, 2012, there were 166 REITs
registered with the Securities and Exchange Commission in the United
States that trade on one of the major stock exchanges – the majority on
the New York Stock Exchange. These REITs have a combined equity market
capitalization of $579 billion. (more)
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