A recent article in Forbes Magazine states “Rather than your Realtor, it’s your stockbroker who can tell you that a housing boom has been going on in apartment real estate investment trusts for at least a year.” Really? Well, this Realtor has noticed that low prices and record low interest rates have created a perfect storm for real estate investing. Guess I’m not the only one who thinks so. You may not be Thomas Toomey, who according to the article, bought 1,374 apartment buildings this year. However, if you have a good credit score, a job and some income, you too can become a real estate investor. More on this later….
Here is the link to the article:
http://www.forbes.com/forbes/2010/1206/investment-guide-reit-apartment-building-rent-secret-housing-boom.htmle