Contractor · Hamilton, NJ · Member since 2016 · 18 posts · 4 votes
So long term I want to buy and hold multi family homes. Short term I'm working on squaring up my credit, paying down debt and getting my credit score up. As well as learning as much as I can.
Meanwhile I want to save in a way that will get me better returns than the .75% my savings pays. So I after some (lots) of reading and bp podcasts I think some real estate investment trusts on the stock market would be the way to go. I just don't know which ones are better than others, and what might be the best. Any suggestions would be greatly appreciated!
Buy the stock or REIT you understand how the company operates the biz! Otherwise it is like Gambling
If You invest in real estate and buy REIT, it is disadvantage to you return because you are double exposed to the same risk in the same industry. So study about it. Others opinion may not be relavent to you current financial siduation. Build a stable cash flow in one Investment 1st then go to next level.
i do understand what you are saying, and appreciate the advise. i have a few REIT stocks i have looked at and although i can't say i understand the businesses i'm not looking to hold these stocks long-term. i'm looking for companies that are currently paying dividends and should continue to do so into the immediate future while staying stable or giving me some growth. I Was looking at this as my first stable cash-flow before i go to the next level. Maybe their is a better option i'm missing?