Have you ever heard of a REIT? If your a real estate investor with income producing property your going to want to make a serious note of this. If your thinking of forming a small group for the purpose of buying income producing property, find out how a REIT can save you a ton of money.
REIT……Real Estate Investment Trust.
Under the U. S. Federal income tax law, the definition of a REIT, is any Corporation, Trust, Group Association, that acts as an investment agent involving income producing real property [or mortgages]. …continue