Thursday, January 11, 2018

What is REIT?

There is a type of investment that can put you into the real estate arena without buying a fixer-upper or searching for decent tenants...

It's called a real estate investment trust, or REIT for short.

A REIT is a company that owns and manages income-producing real estate.

REITs were created by an act of Congress in 1960 to enable large and small investors to enjoy the rental income from commercial property.

REITs are governed by many regulations, the most important being that they must distribute at least 90% of their taxable income to shareholders each year as dividends. That’s why they’re so popular with investors seeking steady income.

Published by: Bradford Miller Law, P.C.
10 S. LaSalle, Suite 2920
Chicago, IL 60603

Key words: Chicago short sale attorney, Chicago residential real estate attorney, Chicago landlord tenant law attorney, Chicago Landlord Attorney, Chicago eviction attorney, Estate planning attorney, Chicago real estate attorney, Chicago real estate lawyer, Chicago real estate attorney fees, Chicago estate planning attorney. This is intended to be advertising. Please consult with an attorney before acting on any information given here.