Real Estate Investment Trusts (REIT) On The Move!

Ready?  Invest!

This isn't really about real estate as it is about investing, but it's such good news that I can't help but talk about it! If you search around for REITs (or Real Estate Investment Trusts), it's hard not to be excited, especially if you like investing your money in stocks, mutual funds, or the like.  However, REIT hasn't really taken-off in the Philippines, despite the passing of the law last 2009.  Apparently though, it looks like the Bureau of Internal Revenue is optimistic that the implementing rules and regulations (IRR) of the REIT act will be ready to go as early as July 2011.  If it happens and REIT gets off the ground, we're in for one sweet ride!  So investors, get your finances ready, be ready to move once the light turns green.  Let's GO!

Here are some relevant links about REIT that you may want to read:

• RA 9856: REIT Passes Into Law
• REIT Tax Exemptions
• REIT Delays Due To Disagreements
• REIT Rules Expected in July 2011

Where's my investment broker?!?

Jon