If you do not want to go through the hassle of being a landlord, these groups may be the solution for you. What happens is that a company buys or builds apartment blocks, then allows investors to buy them through the company. Isn’t it much more convenient to let someone else handle the management and maintenance aspects?
I agree that it is much more convenient letting someone else handle the management aspects. What I know about real estate investment groups is they are of many types. Some are for the experienced investors whereas others are for those starting out, with not so much money to invest. All the same, the pooling together allows every other individual to have a share of the cake.
I know someone that invested in one of these real estate investment groups’ buildings and it went bankrupt within a year. Someone inside was using the money for himself. There was a big court battle over the rest of the money. It was not pleasant and makes me shy away from anything like that.
I can only imagine the kind of anguish someone goes through when it turns out that there are insincere elements in such groups. Home ownership is one of those things I am very careful about. I have seen people rush into making decisions that have led to serious repurcussions that may leave long-term effects plus we all know how court cases can become protracted.