REIT Investing Mentor needed

[Corine Smith]

Is it possible to build a wealthy portfolio with just REIT investing? Is there anyone willing to mentor me on REITS? Someone I can follow and bounce ideas off of and ask questions to?

[Jonathan Greene]

Where did you come up with this idea of investing only in REITs and why?

If you want a mentor, asking for one, with no background, is only going to get you pitches to classes or programs. What's your experience level? What are you trying to do that you think REITs are the answer to.

[Corine Smith]

Hello Jonathan, this actually came up from an email I received from Bigger Pockets stating this very same message. This is what prompted me to ask.

Me not having a background in investing at all is why I’m inquiring about a mentor. Someone to assist me with where to start. What my options are, how to evaluate what’s best for me and my circumstances given what I have financially. I’m just wanting to learn as much as I can but with precise direction as it’s so easy to get loss in all the information without a plan on where I should start. 

[Chris Seveney]

@Corine Smith

First understand what a REIT is, as most don't know the difference between. A REIT and just a fund. There are pluses and minuses to both.

Then I recommend reading more about passive investing. BP has a book Hands off investor and there are plenty of free YouTube videos and newsletters out there to learn more about risk and due diligence

That’s where I recommend you start. First get an education yourself then seek a mentor so you know what questions to even ask

[Evan Polaski]

@Corine Smith, to echo a bit of what Chris notes, I will first note that a REIT is purely a tax classification, nothing more. While most people think of "REITs" as the publicly traded options, there are also non-traded REITs (typically bought through a broker dealer), there are private funds classified as REITs, I am an LP in a "typical private real estate Fund" that uses REITs at the property level to mitigate multistate filings for the LPs.

I highly recommend that you talk with a financial advisor.  At the end of the day, you can certainly build a "wealthy portfolio" of REITs.  Keep working and earning as much money as possible.  Spend less than you earn.  Invest the remainder.  

If you want outsized returns, you need to spend time learning what drives REIT growth and forming some insights about where things are headed, and take bets based on those guesses. This is true about all passive investing, REITs, syndications, mutual funds, etc.

As for mentors, again, depending on how much time you want to spend on this, you can start with your financial advisor. Ask them about REIT mutual funds. Talk with other stock investors and ask them about REITs and what they like and don't like. At the end of the day, the public REITs are highly covered by the major analysts, so you can get a lot of info about why one is a buy, one is a hold and the other is sell.

https://seekingalpha.com/

https://www.investopedia.com/terms/r/reit.asp

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