By Godfrey Gobba
Did you know that you can be a land lord without necessarily owning or managing any physical property? Did you know that you can earn rental income from the US, Europe, Hong Kong, Australia etc. without even having their visas?
Did you know that an ordinary person like you can own and earn rental income from apartments, office buildings, warehouses, hospitals, hotels, resorts etc. without robbing a bank or siphoning government funds?
Well, all things are possible thanks to the good Lord and an investment vehicle we call a REIT a.k.a. Real Estate Investment Trust.
A REIT is a real estate company that owns and operates income producing real estate which may include office buildings, shopping malls, apartments, warehouses, schools, hotels etc. A REIT can also own real estate related mortgages or loans.
But unlike other real estate companies, a REIT does not develop real estate properties to resell them. Instead, a REIT buys or develops properties primarily to earn rental income from them and to operate them as part of its “investment portfolio.
