Real estate is one of the oldest and most proven wealth-building asset classes, and it has created more millionaires than perhaps any other investment. But buying property directly requires significant capital, involves dealing with tenants and maintenance, and concentrates risk in a small number of physical assets that are illiquid and difficult to diversify. For young investors who want the income and diversification benefits of real estate without the costs and complications of direct ownership, real estate investment trusts, known as REITs, offer a solution. REITs are companies that own, operate, or finance income-producing real estate, and they trade on…
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