Real estate has historically been an excellent investment. It produces competitive returns and passive income with less volatility than stocks. That makes it a great addition to any portfolio.
You don't need much money to start investing in the sector. Real estate investment trusts ( REITs ) are low-cost, enabling anyone with $1,000 (or less) to add some real estate to their portfolio. Three top options beginners will want to grab are AvalonBay Communities (NYSE: AVB) , Realty Income (NYSE: O) , and W.P. Carey (NYSE: WPC) .
AvalonBay Communities is one of the largest apartment owners in the country. The residential REIT has interests in 299 apartment communities across a dozen states, with another 17 under development. The company primarily focuses on high-cost coastal cities but has started expanding into faster-growing markets across the southeast in recent years.
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Got $1,000? 3 Top Real Estate Stocks to Get Your Hands On