I talk about REITs all the time because they are passthrough entities you can use to easily invest in real estate. They were created under a portion of the Cigar Excise Tax Extension of 1960. The intent was to give individual investors access to real estate. And they still do that to this day.
All the REITs that I’ve recommended and talk about in this letter are considered equity REITs. They invest in hard real estate assets. But recently I was asked what I thought of mortgage REITs (mREITs).
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