For the Wealthy Only?
For some of you it may come as no surprise that the wealthy own a big chunk of all the investment property in America. But did you know that the wealthiest 10% own 79.4% of all the investment property? According to a recently updated report by the Sociology Department of the Unversity of California at Santa Cruz, this is the case. That of course doesn't mean that buying real estate makes you wealthy. Real estate tends to be a get rich slow business where wealth is created over time by paying down mortgages, dealing with property management, and having months where cash flows are low or even negative. This is investing, afterall. But by investing in the right markets, property types, buying the deal at the right price, and having access to a solid team of vendors, real estate can a good addition to your overall investment strategy. Making smart real estate aquisition available to those who qualify but may not know about, it is at the core of Investor Nation's mission.
