Jerome Thompson

REITs are an abbreviation for Real Estate Investment Trusts. REITs own real estate property, like shopping malls, apartments, or a commercial building. Real estate investment trusts can be similar to tenancy in common where by numerous owners own proportionate share of the property. REITs are like stocks but much more passive and were made available in the Canada in 1993. They were established under specific legislation to allow individual investors the chance to invest in c...ommercial real estate. They can be publicly traded or can be privately held. In general income distributed by the REIT is considered other property income and is taxed in the hand of the unit holder. Other alternatives and a relatively new way to invest in Real estate is crowdfunding. For the investor that is looking for a hassle free way to invest in real estate without the hassles of being a landlord crowdfunding can connect investors with commercially managed investment properties. For a hassle free way to invest? Download this wealth-simple app on your iPhone or Android and start your commission free investing today! https://bit.ly/2KAYqCl