Celebrating 10 years! 2007-2017

Anyone familiar with REITs?

Long story short, I have a family member who owns and operat giants092406/12/17
I sold my position in AMD a few days ago and put it all into isthisit06/12/17
Watch out for interest rates. They can be a killer! easman2206/12/17
My father lost a ton of money in a REIT when the property bu ruralattorney06/13/17
are you talking about investing in a REIT, or operating / wo dingbat06/14/17
Not sure about running your own, but I'm a big fan of owning shadigotaphdinstead06/14/17
Yes, my uncle is the founder/ceo of a REIT that operates aro giants092406/15/17
Yeah go for it. It's better than being an attorney. I'd l isthisit06/15/17
You should definitely do this. I am a real estate attorney nycatt06/22/17
giants0924 (Jun 12, 2017 - 4:21 pm)

Long story short, I have a family member who owns and operates a very successful REIT with 50 warehouses in the NJ/NY/CT/DE market. It seems like an interesting area and he has expressed interest in showing me the ropes upon graduation. Thinking of going this route. Anyone familiar with this kind of operation? It looks profitable and I could make a lot of $$$$$ in this field. More than anything I would make as a lawyer.

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isthisit (Jun 12, 2017 - 7:59 pm)

I sold my position in AMD a few days ago and put it all into 3 REITs. Very stable growth so far with nice dividends down the line.

Are you asking if you should start your own or invest your money in an REIT?

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easman22 (Jun 12, 2017 - 8:09 pm)

Watch out for interest rates. They can be a killer!

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ruralattorney (Jun 13, 2017 - 6:58 am)

My father lost a ton of money in a REIT when the property bubble burst. I would not touch one with a ten foot pole.

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dingbat (Jun 14, 2017 - 11:16 am)

are you talking about investing in a REIT, or operating / working for a REIT?

A REIT is basically a property management company that's publicly traded. As an investment, the usual stuff applies re due diligence and risks. But as a participant, sure, it's a good field to get into. There's a lot of money to be made in property, and getting started is the hardest part. If your family member will onboard you and show you the ropes, GO FOR IT AND DON'T EVER LOOK BACK.
Congratulations, you're now doing better than 90% of JDU

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shadigotaphdinstead (Jun 14, 2017 - 12:54 pm)

Not sure about running your own, but I'm a big fan of owning REITs. O and VTR have been very good to me. O has paid a monthly dividend every month since the 1970s.

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giants0924 (Jun 15, 2017 - 12:01 pm)

Yes, my uncle is the founder/ceo of a REIT that operates around 50 warehouses. He has asked me if I wanted to join and show me the ropes. It's non-listed and publicly traded, and I was advised by my boss where I was clerking to go that route. He says if he can show you the ropes and climb that ladder, you're set for life. He advised that attorneys can make six figures, but very few will ever make the kind of money that you see in a REIT, especially if you own one.

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isthisit (Jun 15, 2017 - 12:12 pm)

Yeah go for it. It's better than being an attorney.

I'd love to learn more about them. So come back and type something up on JDU if you get into it or email me.

Isthisit1@protonmail.com

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nycatt (Jun 22, 2017 - 11:01 pm)

You should definitely do this. I am a real estate attorney (I have done mostly real estate work since graduating from law school ten years ago) and do work for some reits. It is a great business model and if you didn't like it, the experience and connections would help you get a real estate attorney job down the line. But I think the job you are describing sounds way WAY better than being an attorney working for reits. You have a really nice opportunity. Do it for a few years. If you really want to practice law, yoyu may get to do some in house work.

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