Does anyone here have expertise or at least experience on the subject?
REITs are basically a public investment trust that deals in real estate. So basically, you can invest in real estate without closing deals, sweating though offers, and worrying about those months when no one is renting.
But I wonder if they grow well. I started looking at one today, and over the last year, the stock has grown about $1. They offer dividends each quarter, but when it comes out to about $.60 a share, I can't figure out how I'm supposed to grow my money on this.
Well, I might have answered my own question there. But has anyone had success with these? Or know anything more about REITs and can tell me what to look for?
On a side note, I'm asking a lot of questions, but the only forum discussions I have access to are from this year, so I can't search and see if these questions have already been addressed in past discussions.....