The company-built Methodist church became todayâs Margaret Church of Christ, a neat little white chapel on County Road 12 near the town park. A pianist at this old church, Lou Betts, later married U.S. Congressman Tom Bevill.
REITs, or real estate investment trusts, are companies that own or finance income-producing real estate in a range of property sectors. These companies have to meet a number of requirements to qualify as REITs.
A non-traded REIT is a product that takes your money and invests it in real estate. The rental income is given to you. Promoters say the rent will be sufficient for you to get 7% in annual income. And after seven to 10 years, the property will be sold and youâll get your money back.