re: I'm getting bored with day trading. So, I'm going to create...

REITs have been notorious for fraud by their "founders."

Also, real estate is almost the least liquid asset a person can own. When a REIT needs to liquidate to meet its cash obligations it always seem to happen just as the real estate market craters.

I have friends who owned REITs and lost everything they had in them. I'm not saying REITs don't have a place, just I'm not that fond of them.

If you're looking for real estate related investments why not buy into one of the publicly traded home builders? Here is a link talking about some of those. LINK Full disclosure: I don't own stock in any of the companies mentioned in the link.