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FIB - Scams 101 - Ye Olde Archives
Posted By: Cathy In Response To: Investing in REIT's (Real Estate Investment Trusts)? (Larry S)
Thursday, 2 June 2005, at 10:00 a.m.
> I invest in REITs both in my retirement plan (RRSP in Canada) and outside it.
They can be a good vehicle to invest in. As with any investment you need to do your due diligence on the company and the the types of investments that they do. With a REIT you essentially join in a limited partnership with the company with the investor fund providing part of the funds to do the project (Often the investor funds provide the Downpayment for a project with bank financing for the rest). You then share in the profit with the company. This can be arranged different ways...Some of the types of arrangements I have done is I receive interest (8% annualized) for the time my money is used as well as a share in the profit of the project. Overall returns have been 25%-62%/annum depending on the company and the project. Because Real estate is the vehicle than you also receive favorable tax treatment on the profits received. Some REITs I have used are short term projects (Condo-conversion projects) and some are longer (Commercial real estate where you hold the property for 3-5 years).
Where can you find REITs?...often they advertise in your local newspapers business section, talk to your investment broker (They have brought me REITs to invest in), take a look at who the companies are that are doing real estate projects in the community you want to invest in and contact them to see if they offer REITs.
There are alot of positives for investing in REITs as they don't involve active management (ie tenants) and you do not have to do the reno work etc. But saying that....because you are not directly involved in the project than you do not have control on how the project is done.For this reason you are not only investing in the particular project (which you need to check out) but also the company.You need to evaluate whether the particular project is viable and the projections that the company makes is plausible as well as who this company is and what is their track record (check out BBB as well).In addition as with any real estate investment than you need to evaluate market conditions and the economy to determine where on the real estate cycle you are.
If you do your homework, then REITs can be a very good addition to your investment portfolio.
Hope that helps
Does anyone know anything about or invest in REIT's? What are the pros or
> cons? Where can I get some info on ways of investing? Thanks.
> Larry S
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