Finding the right investment can take time. Many individuals may feel that it is right to invest in New York real estate, but they may not have the ability to get right into handling the transactions themselves. They may live out of the country or have little experience acting as a landlord. Fortunately, there are various options for real estate investments.
For a more hands-off approach, investing in real estate investment trusts could be a viable option to consider. There are two types of REITs, and the one that most suits a person's investment interests can depend on the goals they want their investments to achieve. Though both property REITs and mortgage REITs provide at least 90% of their revenue to the investors, each differs in the percentage they yield. Typically, property REITs have a lower percentage yield than mortgage REITs.