Episode 143: REITS: The Simplest Way to Invest in Real Estate

Send us Fan MailThe easiest way to invest in real estate is through publicly traded REITs, Real Estate Investment Trusts and REIT mutual funds or exchange traded funds. Congress established REITS in 1960 which must meet specific criteria. -        Invest at least 75% of its total assets in real estate, cash, or US Treasurys -        Derive at least 75% of its gross income from rents of real property, interest on mortgage financing property or from sales of real estate-        Pay at least 90% of its taxable income in the form of shareholder dividends each year-        Taxed as a corporation and managed by a board of directors or trustees -        Must have a minimum of 100 shareholders with no more than 50% of its shares held by five or fewer individuals. REITs can be a good source of cashflow, though they tend to be tax inefficient. REITs provide high liquidity and diversification and you can start with small investments.  Please subscribe and leave a review on your favorite Podcasting platform. Get 12 Financial Mistakes that Keep Physicians from Building Wealth at https://www.growyourwealthymindset.com/12financialmistakesIf you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbookDr. Elisa Chiang is  a physician and money coach who helps other doctors reach their financial goals by mastering their money mindset through personalized 1:1 coaching .You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast...