Over the past two centuries, about 90 percent of the world's millionaires were created investing in real estate. For the average investor, real estate offers the best way to develop significant wealth. As Andrew Carnegie, one of the greatest philanthropists, said, ninety percent of all millionaires do so through real estate ownership. According to billionaire Andrew Carnegie, 90% of all millionaires reach that level of wealth through investment in real estate.
He also stated that “more money has been made in real estate than in all industrial investments combined. There could be hundreds of businesses, new side activities and new ways to invest money, but real estate will always be there. In fact, real estate investment has helped to help 90% of the world's millionaires develop. Ultra-wealthy people invest in assets such as private and commercial real estate, land, gold, and even works of art.
Billionaire Andrew Carnegie said that 90% of millionaires earned their wealth by investing in real estate. Another small nugget that Cross revealed was the value of real estate investment when it's being done in the long term. Of course, we've seen boom-and-bust cycles in the real estate industry over the past few decades, but over time, owning real estate has enriched thousands of people everywhere in the United States. Investors should discuss any real estate ownership with their financial professional to ensure that these assets are included in their financial plan and equity plan, while ensuring that the investor is not overallocated to any particular segment.
Because of the many tax benefits, real estate investors often end up paying less taxes overall, even when they generate more income. There is an inherent demand for real estate, whether the land produces a product such as coffee or houses an apartment or commercial space, so it will always be a good investment. Partner with Keller Williams Twenty Three Homes, we are full-service real estate experts whose clients benefit from practical, personalized service, while receiving all the comforts and exclusive resources of one of the industry's most established and respected firms. For all these years, real estate investments have been the main way millionaires have had to create and conserve their wealth.
The only people who lose money on real estate are those who bought at the best time in the market and sold at the wrong time or took too much capital from their home, leaving no profit margin when they sold it.