How do most people accumulate wealth? They invest in real estate. It is a proven way to build wealth, and 90% of millionaires became so through owning real estate.
So said famous industrialist (and billionaire) Andrew Carnegie. Yet only 15% of Americans invest in real estate, according to a 2017 study.
As a real estate investor myself, I can attest to its wealth-building power. Whenever the subject comes up in conversation, almost everyone says they have thought about investing in real estate. So why is it less than 1 in 7 have done it?
Many people think it is too complicated, or would require too much time or money to get started. And maybe that was true 20 years ago.
But today, there are so many different ways to invest in real estate (without even buying property) that there is room for almost everyone to be a real estate investor in some fashion.