Not talking about junk stuff like Fundrise, but proven sponsors such as Broadstone, Blackstone, ... Their yield is slightly higher than the public REITs while they also experience much less volatility. I don’t need access to my money for 10+ years, so looking for some alternative low-medium risk illiquid investment. I already have the majority of my portfolio (2M) invested in diversified index funds and by the end of the year I might be lucky and get a 1M after tax windfall, so looking for alternative options to deploy that, away from the public equity market. Again, low/medium risk, no speculative shit, I hate losing money.
Total comp? Years of experience?
33yo. 9yoe. 450k.
At 9 years? Jesus Christ. Fuck me in the ass.
I personally stay away from REITs. I’m a real estate investor and own a several rental properties. I don’t do 401k, stocks, bonds, mutual funds, 529s, or IRAs or anything else tied to the market which I have no control over. REITs are basically stocks. I get vastly higher returns and massive tax benefits. It might benefit you more to take that cash and buy the real estate yourself, hire a good property manager, sit back and collect the cash flow every month. There’s no need for me to “diversity” to make a little bit here and a little but there. Oh, I own my properties free and clear so I’m sort of immune to the housing market. I don’t care if the value goes down to 0, I’m still collecting rent. Also, the ROI they advertise usually doesn’t include management fees and other associated fees so you could be getting way less than expected.
Yeah. I wish I was in your shoes investment-wise. I am in the Bay Area where there’s little real estate an unsophisticated investor can buy with my budget, and I don’t feel I have the skills or time to buy out of state and stay on top of the property manager. A little dream I have is to semi-FIRE in my late 30s, move to a cash flow positive area and start investing in small multi families.
Understood. It’s not as difficult as most may seem. Mine are out of state and I’ve never seen them before. A friend from college introduced me to his PM and the rest was history. I probably talk to my PM maybe 10-15min a month, if that. I want to be as hands off as possible. With the amount you have to invest as stated above, you can easily buy a decent sized apt building and rake in the cash. But It does take time and takes a lot of research in the beginning. Definitely not something to rush into.
No. Private REITs are in no way low/moderate risk investments. Don't invest in REITs if you think that.
I have been investing in public REITs index funds for 15 years and can’t really complain so far...
Okay, and?
You sound exactly like Namrata
Of course. Dividends are great.
REITs and my own real estate holdings. Residential, retail, and commercial. I am likely selling the retail because it’s too much work. Buying more commercial because it’s much less work.
I invest in syndications rather than funds because I can evaluate each property individually and decide if it’s for me. DM with any questions
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+1. I signed up for realty mogul news letter. They been spamming me since. Not sure if they are legit.
Yeah they are in the “junk” category for me.