Buying real estate is about more than just finding a place to call home. Investing in real estate has become increasingly popular over the last 50 years and has become a common investment vehicle.
Although the real estate market has plenty of opportunities for making big gains, buying and owning real estate is a lot more complicated than investing in stocks and bonds. In this article, we'll go beyond buying a home and introduce you to real estate as an investment. PART 4 of 5: REITs Real estate has been around since our cave-dwelling ancestors started chasing strangers out of their space, so it's not surprising that Wall Street has found a way to turn real estate into a publicly-traded instrument. A real estate investment trust (REIT) is created when a corporation (or trust) uses investors' money to purchase and operate income properties. REITs are bought and sold on the major exchanges, just like any other stock. A corporation must pay out 90% of its taxable profits in the form of dividends, to keep its status as an REIT. By doing this, REITs avoid paying corporate income tax, whereas a regular company would be taxed its profits and then have to decide whether or not to distribute its after-tax profits as dividends. Much like regular dividend-paying stocks, REITs are a solid investment for stock market investors that want regular income. In comparison to the aforementioned types of real estate investment, REITs allow investors into non-residential investments such as malls or office buildings and are highly liquid. In other words, you won't need a realtor to help you cash out your investment. SOURCE: http://www.investopedia.com/articles/pf/06/realestateinvest.asp
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LARGEST HOMES IN THE WORLD5.BILTMORE ESTATEAshville, North Carolina is the home of the largest privately owned house in the U.S., the Biltmore Estate. Built by George Washington Vanderbilt between 1889 and 1895, the home is 178,926 square feet with 35 bedrooms, 250 total rooms, 43 bathrooms and 65 fireplaces. The basement alone houses a gym, swimming pool, locker rooms, kitchen, servant quarters and a bowling alley! In the original construction, Vanderbilt also included a woodworking shop, brick factory and a railway spur that was three miles long, to transport materials. 4.ANTILIA HOUSELocated in South Mumbai, India, the Antilia Building stands 550 feet tall with 400,000 square feet of interior space and a billion-dollar price tag. Of the 27 floors in the personal home of Mukesh Ambani, six of them are parking garages. The ceilings in the residence skyscraper are so high that a building with a similar height could comfortably have 60 floors. The home has nine elevators, stairs with silver-coated railings and ballroom with a ceiling covered with crystal chandeliers. 3.WINDSOR CASTLEWindsor Castle in Berkshire County, England, is the self-proclaimed largest inhabited castle in the world at 484,000 square feet. Some say that it’s the largest house in the world because it’s actively inhabited by its royal occupants. William the Conqueror originally built the castle in the 11th century as a fortress, but it wasn’t long before King Henry I made Windsor Castle a royal residence in the 1100s, making it also the oldest inhabited castle in the world. 2.ROYAL PALACE OF MADRIDThe official residence of the Spanish Royal Family, the Royal Palace of Madrid is 1,450,000 square feet. As the largest palace in Europe, the home has 3,418 rooms, the world’s only quartet with Stradivarius instruments and paintings by artists like Francisco de Goya, Caravaggio and Giovanni Battista Tiepolo. 1.ISTANA NURUL IMANWhile the country of Burnei is small in size, the official residence of the Sultan Hassanal Bolkiah on the banks of the Brunei River is the largest residential palace in the world. The name of the home, Istana Nurul Iman, means “Palace of the Light of Faith” in Persian. At 2,152,782 square feet, the palace has 1,788 rooms, 257 bathrooms (no more waiting in line), a mosque for 1,500 worshipers and a banquet hall that can entertain 5,000 guests. In addition to the five pools and stables for the 200 horses, the Sultan has a 110-car garage for his coveted collection of vehicles. SOURCE: http://random-facts.top5.com/top-5-biggest-houses-in-the-world/?page=2&isp1=1
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