Det er svært at investere i fast ejendom på den gammeldags måde. Ikke mange investorer har nok ekstra penge til en udbetaling, der bare ligger rundt. Og selvom de gjorde det, kan det give dem en pause at binde alle disse penge i en enkelt ejendom.
Hvis du er i denne situation, kan løsningen på dit problem bare være en ejendomsinvesteringsfond, også kaldet en "REIT". En REIT fungerer som en indeksfond, men for egentlige ejendomsejendomme. Ifølge Nareit er cirka 145 millioner amerikanske husstande (44%) investeret i REIT'er.
Det kombinerer det bedste fra begge verdener:potentialet for høje gevinster på ejendomsmarkedet, men på et niveau, som alle har råd til. Fortsæt med at læse for at lære mere om denne ejendomsinvesteringsmulighed.
REIT'er har potentiale for høje gevinster på ejendomsmarkedet, men på et niveau, som alle har råd til.
Du kan tænke på REIT'er som en type indeksfond for fast ejendom. REIT'er er fonde, der investerer i fast ejendom og giver folk mulighed for at købe aktier. Ligesom med aktiemarkedsfonde vil du tjene udbytte, og du kan til enhver tid købe eller sælge aktier for (forhåbentlig) en fortjeneste.
Der er dog nogle særlige regler, der gælder for REIT'er sammenlignet med andre typer af fonde. For eksempel skal en REIT have mindst 100 aktionærer, ledes af en bestyrelse eller trustees, investere mindst 75 % af midlerne i fast ejendom af en eller anden art og betale mindst 90 % af sin indkomst til aktionærerne som udbytte .
REITs er også en varm råvare. For at se hvorfor, er det nyttigt at se på fonden FTSE Nareit All REITs, som er en fund-of-REITs, der investerer i alle børsnoterede REIT'er på de amerikanske aktiemarkeder. Udbytteudbyttet for denne fond er 4,3 %, i modsætning til kun 1,8 % med S&P 500. Den har også et højere 20-årigt afkast på 9,5 % mod 6,3 % for S&P 500.
Men FTSE Nareit All REITs-fonden er ned i år med meget:17 % faktisk.
Det bringer en af de største ulemper ved REIT'er frem:de er meget flygtige. Selvom de generelt er et godt stykke at tilføje til din portefølje i små mængder, vil du ikke investere mange penge i dem, især hvis du er tæt på, hvornår du måske har brug for de penge.
Annoncer efter penge. Vi kan blive kompenseret, hvis du klikker på denne annonce.Annonce
At allokere en del af din portefølje i en ejendomsinvesteringsfond er et solidt træk. REIT'er giver alle investorer mulighed for at eje værdifuld fast ejendom, giver mulighed for at få adgang til udbyttebaseret indkomst og samlede afkast og hjælper samfund med at vokse, trives og genoplive . Klik nedenfor for at begynde at investere i dag! Start Investing TodayADVERTISEMENT Currently, there are around 1,100 REITs in the U.S., with about 225 of them available on the publicly-traded markets. That’s a lot of REITs, and as you might expect, there are almost as many types of REITs available as there are ways to invest directly in real estate.
Some of these categories overlap with each other. For example, an REIT that specializes in office buildings and a REIT that specializes in apartments both fall under the same umbrella:equity REITs. Let’s sort out some of these categories next.
Equity REITs are what most people think of when they think of REITs. These are funds that focus on purchasing income-producing properties like retail stores, house rentals, and more. In this way, they’re more akin to people who purchase buy-and-hold real estate, and bank on the value of the rental increasing and steady income from rent each month.
Some REITs focus on the actual lending of money — i.e., the mortgages themselves, rather than the properties they buy. Mortgage REITs might invest in mortgages directly, or focus on mortgage-backed securities (yes, the very same from the famed Great Recession).
Most REITs fall under the umbrella categories of either equity REITs or mortgage REITs. Hybrid REITs, however, invest both:buying actual properties, and funding the mortgages that other people use to buy other properties, too.
Another way to parse out REITs is by certain industries. Each of these REITs also falls under the equity, mortgage, or hybrid umbrellas. For example, a residential REIT can specialize in buying homes and apartments, providing the mortgages for other people to buy them, or both.
Here are some of the most common sector-based REITs:
The advantage of sector-based REITs is that if you’re savvy, you can key in on trends that affect certain parts of the real estate industry. You might have a hankering that there’s something big going on in the office building vs. residential market, for example, and that might affect your investment decisions.
There’s a reason REITs are considered separate investments from the usual breakdown of stocks vs. bonds. Here are some considerations, before you invest in a REIT.
| REIT Pros | REIT Cons |
| Highly liquidEasy to get startedPotential for high returnsEasy to diversify your portfolio | High volatilityManagement feesDividends are taxed as ordinary income |
There’s a lot to like about REITs. Let’s look at each of these more closely.
If you buy a real estate property, you might find yourself in the unlucky position of not being able to sell it later. And even if it is a hot seller’s market, there’s a lot of time, hassle, and money you have to spend to turn that property into cash in your bank account.
But with REITs, you can just click a few buttons to sell your shares and get done with it. No realtors, no title companies, fewer hassle.
REITs are infinitely more affordable than buying an entire property. A single share of VNQ (an ETF version of a REIT offered by Vanguard) is just $86 as of this writing, for example.
On the other hand, if you were to buy real estate, you’d need a lot of cash up-front. If you bought a home in the Seattle marketplace with an average value of $784,000, for example, you’d need a down payment of $157,000 if you used a conventional mortgage with no PMI.
Not exactly obtainable for the average investor.
REITs offer the potential for some pretty impressive returns. For example, VNQ has shown returns as high as 30% in some years. Imagine earning a 30% APY from your bank account — that’d be quite the cause for celebration.
Since REITs are so easy to handle, it’s also easy to add them into your portfolio mix and keep them at whatever percentage you want. You can even automate it entirely by buying REITs within a robo-advisor platform.
For example, let’s say you want to keep real estate to just 5% of your portfolio. If we use the same example from Seattle above with an average home value of $784,000, you’d need at least $15.7 million more in your portfolio to keep it to that target 5% mark.
Again, not quite so obtainable for the average bear.
So, why doesn’t everyone invest all in REITs, all the time? They do have some downsides.
It’s true that Vanguard’s VNQ REIT has offered returns as high as 30% in some years. But it’s also true that REITs can go down in value — and sometimes spectacularly so. During the 2008 real estate crash, for example, this same fund offered returns of negative 37%. That’s not exactly something you want to see if you’re right on the verge of retiring, for example.
If you’re a DIY real estate investor, you can control a lot of the costs yourself. You can even get up in the middle of the night to fix a flooding toilet, if you don’t want to spring for property management services, after all.
But if you invest in a REIT, there will be costs in the form of an expense ratio and possibly trading fees. These don’t have to be high (VNQ has an expense ratio of 0.12%), but they’re a cost you’ll have to pay if you’re not a DIY real estate investor.
Many types of investments pay out qualified dividends , which are taxed at a lower capital gains rate. But REIT dividends aren’t considered “qualified,” and so they’re generally taxed at your marginal tax rate as ordinary income (like from your job), and this can be a lot higher than the capital gains rate.
REITs are just like any other investment type. They’re a tool, and whether they’re a good tool for you depends on your situation.
If you’re looking for an easy and affordable way to invest in real estate without jumping in headfirst to the DIY real estate investing world, REITs can be a good option for you. They’re also a good choice if you’re just getting started and you don’t have millions (or even thousands) to invest in real estate just yet.
But if you think you’d enjoy a more hands-on approach and you’re not afraid of devoting a lot of time and money (and headaches) to the cause, investing more directly in real estate might be in the cards for you.
Remember, there’s no wrong answer here. Only what you (and/or your financial advisor) determines is best.