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Get the 411 on real estate investment trusts (REITs) and how they might fit into your portfolio
Are you looking for exciting--but responsible--new investment opportunities that go beyond simple stocks and bonds?
In REITs For Dummies, celebrated investing lecturer and author Brad Thomas delivers an easy-to-understand guide to getting started with real estate investment trusts--also known as "REITs." These flexible and lucrative investment tools package together individual properties so you can invest in land and buildings without the hassle of being a landlord.
In the book, you'll get a straightforward tour of REIT property sectors and the different ways you can invest in REITs. You'll also find:
* Strategies for selecting the best REITs for you and your family
* Ways to navigate the sector and generate durable income that helps you sleep well at night
* Options for those who want to go beyond the United States and investigate international REIT products.
You already know about the basics of stock and bond investing. Now it's time to learn about some of the other interesting financial products available to the responsible investor. In REITs For Dummies, you'll get the jargon-free and easy-to-follow guidance you need to wrap your head around this exciting opportunity.
List of contents
Introduction 1
Part 1: Getting Started with REITs 5
Chapter 1: Who Wants to Be a Virtual Landlord? 7
Chapter 2: It All Starts with Real Estate 15
Chapter 3: Unlocking the First Level of the REIT Universe 31
Chapter 4: Understanding How REITs Make Money 45
Chapter 5: REITs around the Globe 61
Part 2: Exploring the REIT Universe 83
Chapter 6: Exploring the Primary REIT Sectors 85
Chapter 7: Exploring Alternative REIT Sectors 105
Chapter 8: Putting on Your REIT Analyst Hat 125
Chapter 9: Separating the Wheat from the Chaff 149
Part 3: REITs for All Investors 161
Chapter 10: Building a Smart REIT Portfolio from the Ground Up 163
Chapter 11: The Big Fish REIT Investors 179
Chapter 12: Pressing the REIT Easy Button 195
Part 4: The Part of Tens 211
Chapter 13: More Than Ten FAQs About REITs 213
Chapter 14: Ten Mistakes to Avoid When Investing in REITs 223
Appendix A: Assessing Weighted Average Cost of Capital 233
Appendix B: Determining Net Asset Value 237
Appendix C: Calculating Adjusted Funds from Operations 241
Glossary 243
Index 261
About the author
Brad Thomas has over 30 years of real estate investing experience. He's published over 4,000 articles during the last 13 years, and he is the top writer on Seeking Alpha, the world's largest investing community. He is also the CEO of Wide Moat Research, senior analyst at iREIT®, and a REIT ETF provider (iREIT
® MarketVector
(TM) Quality REIT Index). Brad teaches REITs at New York University and other schools such as Penn State University, Clemson University, the University of North Carolina, Cornell University, and Georgetown University.
