Wealthiest Understand Real Esate’s Role in Investing
December 21st, 2006 by Tre Pryor, Editor-in-ChiefLiz Pulliam Weston tells us in 5 Lessons the Rich Can Teach You that:
Homeownership is almost universal among those in the top 10% of net worth: 95.8%, according to the Fed, compared to 67.7% overall. About 40% of the highest-net-worth group own some kind of real estate such as rental property or a second home, compared to 11% overall.
All good investors know that diversification is essential. If Real Estate is not part of your overall investment portfolio, you could be missing out. But talk to an expert before purchasing any investment property.