Im interested in gaining exposure to the US property prices that have had the biggest falls (such as florida) but I dont want the hassle of actually buying one. Does anyone know of an exchange traded product or a managed fund that offers exposure to US property?
American Real Estate
- Thread starter TabJockey
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Trembling Hand
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Just google etf US property.
Of course that will get you US listed products which are a pain if you have the standard Oz retail broker
Of course that will get you US listed products which are a pain if you have the standard Oz retail broker
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Yeah was hoping for an aussie product because im pretty sure CommSec are not going to be of any help:
Ive had a look at this a few times recently and Im struggling to find anything useful.
Im looking at stocks listed on the nyse now but it's a lengthy process. I might make a couple of phone calls tommorow and see if I can get on to someone who can help.
If you find anything please post.
Cheers.
You could try REIT stocks (Real Estate Investment Trusts) as a proxy for US real estate. There are different types specializing in different areas. For example Hospitality Properties Trust (HPT) probably specializes in hospitality properties. Most of the REITS offer a pretty good dividend because they are required by law to pay out a large percentage of their profits as dividends to maintain their REIT status. For instance, HPT is indicated as having a dividend of 7.96%.
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Is it possible to find REITS which would have different strategies in the real estate investing?
I know that some REITS just buy houses and rent them out, but are there some REITS (or funds) who would be doing Fix-and-Flip strategies (buying, rehabbing, selling) for example? That could be quite interesting!
Your 100% right, if your wanting to do hassle free investing a REIT is going to be the way to go. Just make sure you research the REIT, your fund could be tied up for a very long time. Another option depending on your funds would be to back a US wholesaler, definitely look for some serious references if you decide to go that route.
