Sunil Tulsiani | SHOULD YOU INVEST IN REITS?
- last year
If you don’t have a lot of time or don’t want to do a lot of hard work, REITs may be the way for you. Basically, you’re hiring someone else to invest your money in real estate and you’re not able to take advantage of the leverage factor or some income tax benefits.
However, “The best way to build massive wealth is to own your own properties that produce positive cash flow”, Says Sunil Tulsiani.
But, this requires, more due diligence, being active, battling some of the issues that are may arise, i.e., tenants issues or damage to the property and being in charge of your financial destination. This is hard work.
Bottom line, REITs can be good for people who don’t have a lot of time and don’t have lot of expertise (or don’t want to learn about investing in real estate). Investing in rental properties on your own is for active people who want to earn more, get better tax benefits and be in charge of their financial freedom.
However, “The best way to build massive wealth is to own your own properties that produce positive cash flow”, Says Sunil Tulsiani.
But, this requires, more due diligence, being active, battling some of the issues that are may arise, i.e., tenants issues or damage to the property and being in charge of your financial destination. This is hard work.
Bottom line, REITs can be good for people who don’t have a lot of time and don’t have lot of expertise (or don’t want to learn about investing in real estate). Investing in rental properties on your own is for active people who want to earn more, get better tax benefits and be in charge of their financial freedom.