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Question:

Is it true that 90 percent of millionaires got that way by owning real estate?

Is it true that 90 percent of millionaires got that way by owning real estate?

Answer:

The answer to this is that it is true, depending on how you look at things. Of course real estate courses are usually promoting the idea of owning property (house/duplexes/apartment buildings, etc) and renting them out for income and holding for appreciation or fix and flips. There are also ways to use real estate other than renting it to make money. For example: what business is McDonald's in? Your answer might be 'selling hamburgers'. But according to Ray Kroc (the founder of McDonald's) his business was real estate. McDonald's owns some of the most expensive pieces of property in the country. According to him he could just have easily used the real estate to build car washes and made money that way. Basically, there are four ways to get rich. Inherit it, marry it, win it or earn it. Under earning it, there are making money in stocks or the stock market, starting a business and real estate. There are exceptions such as athletes and movies stars who earn millions. If you move some of the starting a business to the real estate column (like McDonald's) you can see how someone might say 90 percent of millionaires got that way by owing real estate. I have never seen any studies or government reports that tried to make this type of classification. Who would make the decision? Some of this '90 percent of millionaires got that way by owning real estate' is hype, but then there is a lot of truth to it also, plus it is something that anyone could do. Starting a business requires and idea, a business plan, capital, marketing, selling, etc. Investing in stocks requires money and knowledge and luck about what and when to buy and sell. Real estate is something where you can start small and in the past could get banks and mortgage companies lend you the money to purchase. And then of course there is the appeal that the real estate courses promote that you need no money or credit to get started. Good Question
i usely just less a product Design. Example's. Product De-sine A# Stops's carcinomas = leasing it out Maker's $840,000,000.00 plus Royalty's and or interest. Produced De-sine B# Stops's Epilepsy = leasing it out Maker's $840,000,000.00 plus royalty's and or Indesit pharmacies allows me to carry a small innovatory. that make a lot money... Were in housing one would carry a lot of innovatory with a making vary Little profit like a $1,000,000.00 usa dalliers
50/50 real estate and their own small biz. what is your real desire to know? visit any college of business or the US chamber of commerce.

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