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Article: Investing in real estate securities for high yield and capital appreciation.
- Article from:
- The National Public Accountant
- Article date:
- October 1, 2003
- Author:
CopyrightCOPYRIGHT 2003 National Society of Public Accountants. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Direct real estate investing involves owning real property. If the property is income producing, such as single-family homes, apartments, office buildings, warehouses or retail centers, the investor must be involved in the day-to-day management of the property. If the property management is outsourced, a significant portion of the return goes to the management company. Further, the property manager must still be managed and the investor must make major decisions affecting the property, such as repairs, rental rates, capital improvements, expenditures, market positioning, etc. If the investor is a rehabber or flipper, real estate becomes more of a business rather than an ...