Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Austin Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on . Most recent reply

User Stats

644
Posts
493
Votes
Neil Narayan
  • Real Estate Agent
  • Austin, TX
493
Votes |
644
Posts

Real estate is still the best investment you can make today :)

Neil Narayan
  • Real Estate Agent
  • Austin, TX
Posted

90% of millionaires got their wealth by investing in real estate and these 9 Investors who made millions by investing in real estate confirm that and share there tips


"Investing in real estate allows you to protect yourself and your wealth. While the real estate market has gone up and down, it has never declined over time. Compare that to when Wall Street collapsed or currencies that aren’t backed by anything tangible"


https://www.cnbc.com/2019/10/01/real-estate-is-still-the-best-investment-you-can-make-today-millionaires-say.html?fbclid=IwAR1_zPvdav2uuJbUPv9dtdA81wU_h3Cc35kVUZYfFr-T7ZeQ7KExHrI-54E

Most Popular Reply

User Stats

1,830
Posts
3,390
Votes
Bill F.
  • Investor
  • Boston, MA
3,390
Votes |
1,830
Posts
Bill F.
  • Investor
  • Boston, MA
Replied

The quote you originally posted is misleading at best.
From the article "Billionaire Andrew Carnegie famously said that 90% of millionaires got their wealth by investing in real estate." Nothing against Andrew Carnegie, but he died in 1919 and some things have changed since then so one would expect the author to do some updating and fact checking. Maybe use some census and tax return data.

NOPE. They poll nine people, the majority of whom made their money in RE to affirm the quote. Some call that an insufficient sample size. How did they pick those nine successful people? Oh they just happen to be "Advisors" for this mastermind group called "The Oracles".

I don't know what, if any, your connection to "The Oracles" is or if you are simply trying to drum up business for your brokerage, but trying to pass off a promotional marketing article as investing advice isn't a good look.


Loading replies...