Rules of the Game: Flavorful REITs

One of the nice things about real estate investment trusts (REITs) is that they are required by law to pass along at least 90% of taxable income to shareholders. For investors, that's money in your pocket. Because the dividends are taxable, it's advantageous to hold REITs in a tax-deferred account whenever possible.

REITs come in a number of flavors and colors. At their most basic, they are companies that own and manage real estate properties. They also own mortgages. They give equity investors, small and large, exposure to real estate without having to answer the phone at 3 a.m. when a pipe has burst or the burglar alarm is going off....406 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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