Real estate investment trusts are a popular real estate investment option since they give you access to commercial properties, shopping malls, multi-unit residential buildings, and other investments.
Besides the cost of the units you’re purchasing, the only other fee you would pay is a trading fee . This fee is typically no more than $10 and applies whenever you buy or sell an investment product through your discount brokerage. It’s basically a commission your brokerage charges. That said, you are the landlord, so you’re responsible for the cost of maintenance and repairs. If you’ve purchased the home in another city, you may need to hire a property manager to take care of things for you.
Even though real estate prices and market rents have risen in parts of the country, an investment property is not a guarantee. If the monthly rent is more than your expenses, you have a cash flow positive property. However, if your costs exceed the income generated, you’re losing money every month. Banking on future appreciation to make your investment worthwhile is basically gambling.
If you’re focusing more on it being an investment, you’ll want to make sure that it appeals to people on vacation. Things such as the location, amenities, and nearby restaurants will matter more to visitors than to someone who plans on living in it a few months a year.
I don't see how Barry Choi is in any way qualified to dish out financial advice. he is a travel blogger.
The answer is 'Just don't!!!'
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