What are the types of real estate investment trusts(REITs)?
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[{"id": "elyicze", "text": "I am not a commercial agent, but I see nobody has responded in the several hours since you posted.  I don't know a lot about REITS but if I understand correctly, they're basically like mutual funds, except that instead of investing in stocks, you're investing in real estate acquisitions with a bunch of other people. They're managed by a certain type of broker that I think is more in line with financial advising than typical commercial real estate deals, because so many of them acquire purchases across state lines. In other words, you might post this question in a financial advice sub if you want more responses.", "replies": [{"id": "elzpm49", "text": "&gt; I am not a commercial agent, but I see nobody has responded\n\nIt is article that was posted. Also, might be a bot.", "replies": [{"id": "elzquxg", "text": "Ah, explains it. Thanks!", "replies": [], "depth": 3}], "depth": 2}, {"id": "elzro5d", "text": "Sir you are very wrong and inaccurate. More about how a reit functions than what it is in. Lol you should prob read the article cause as someone with reit experience you sound ridiculous.", "replies": [{"id": "elztt1h", "text": "I believe that! Thanks. That's the reason I'm seeking someone in the Kansas City area who knows about REITs to do a presentation to a group of investors. If you know of someone, please feel free to refer me to them!", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "elyocyw", "text": "There are mortgage REITS and equity REITS. Both must derive a certain percentage of their income (90%) from real estate, ie \u201cgood income\u201d - in the form of interest for mREITS or rent for equity REITS.  There are certain rules that must be followed in order to keep REIT status - income rules, ownership rules (must be widely held), gotta hold investment for at least two years etc... you can google these - they\u2019re pretty straight forward.\n\nThe main benefit is that they aren\u2019t taxed at the entity level- so the owners pay taxes on their share at their own rates.\n\nYou can have public REITS, private, public non traded (PNTR)... lots of different structures.", "replies": [], "depth": 1}]