Arnold, Bruce & Doerfler Insurance Blog
REITs: A cheap way to get a home?
A Real Estate Investment Trust is a company that owns operates and finances real estate. They are similar to mutual funds, in fact, a very focused mutual fund. While mutual funds deal in some kind of investment instrument a REIT deals specifically in Real Estate only.
Let me tell you about how you can use this as your vehicle to get your very own home.
A business is a private establishment; it is allowed to craft its own rules and regulations. In practical terms, this means that subject to the limitations of the law; they can do whatever they want within their private property.
There comes a time in the life of every business that it has to let go of some employees. As a general rule, there are two situations when an employee has to be let go. The first is called causes and the second is called authorized causes. But in both situations, the employee is afforded a kind of due process.
Before I start, sorry for your loss, I'm sure your parents were awesome, good people. After all, they wouldn't leave you a house if they weren't responsible, hardworking folks.
Now that they are gone, their house will go to their heirs. The children are usually the heirs. Unless the deceased willed their home to someone else, like a Church or some charitable institution the children will inherit.