If you are looking into investing in real estate, you may have heard the abbreviation, “REIT”. This is something every real estate investor should be aware of. A REIT, according to the U.S. Securities and Exchange Commission, is a real estate investment trust and is a company that owns, operates, or finances income-producing real estate.
Update provided by The Real Estate Roundtable The Senate Finance Committee passed, by voice vote, an original bill offered by Senators Robert Menendez (D-NJ) and Michael Enzi (R-WY) amending the Foreign Investment in Real Property Tax Act (FIRPTA). This action represents major progress in the FIRPTA reform effort. The committee session included an extensive, 10-minute