better than the housing market as a whole.
These stats alone obviously show a great reason to buy real estate. But what do investors hope to get when they’re buying property? According to the 2017 National Association of REALTORS® (NAR) Investment & Vacation Home Buyers Survey, 37% plan to rent it for income, 16% for the possibility that the price will appreciate, and 15% because it was a good deal. This all sounds great, but I’m guessing the main stat you’re interested in is how much you can make. (Am I right?) Well, here’s the answer you’ve been waiting for: According to a survey of real estate investors done by ZipRecruiter.com in spring 2019, investors make an average of $123,937 per year, with the low end at $47,000 per year and the high at $261,500. Most make within the range of $100,000 to 150,000 per year. ...Of course your personal income with real estate will depend on several things, including but not limited to your location, previous experience, current connections, and strategies that you use to build your own business!! It's different for everyone! For example, if you plan to flip numerous properties a year, your income will probably be higher each year at first than the person who is looking to build a portfolio of passive income through buying and holding real estate as residential rental properties. I like to think of flips as "quick cash" and rentals as a longer term, but more steady, play.
WHY REAL ESTATE?
You may still be wondering what it is about Real Estate that makes it such a great investment and why so many people are drawn to it. I attended a seminar shortly after I started investing in Real Estate and the content I learned there has stuck with me ever since. Below is a short summary of each benefit, but I continue to elaborate further throughout the book.
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