How to Build Wealth Through Real Estate Without Owning Property (REITs Explained)
Most individuals imagine managing apartment complexes, owning rental properties, or flipping houses when they consider accumulating wealth through real estate. However, what if you could make real estate investments without having any property of your own or having to deal with renters?
That’s precisely what you can accomplish with REITs.
This article describes REITs, their operations, and how you may use them to increase your wealth without having to deal with the hassles of landlording.
1. First, what is a REIT?
An organization that owns, manages, or finances income-producing real estate is known as a Real Estate Investment Trust (REIT). These businesses generate revenue from leasing, rent, or interest payments, and they are required by law to pay dividends to shareholders equal to at least 90% of their taxable income.
With REITs, people can easily invest in large-scale real estate without actually purchasing or managing the property, such as office buildings, shopping centers, hospitals, or apartment complexes.
