92% of ALL Real Estate Investors only own 1 or 2 properties...

[David Krulac]

according to a book that I just read.

A number of years ago I went to a big real estate investors convention with 1,500 attendees; there they did a survey and about 1/3 didn't own any real estate, about 1/3 only owned their personal residence, and remaining 1/3 own at least ONE real estate investment.

[Jarod Bona]

With regard to people that read Bigger Pockets or attend real-estate events, but don't own any properties, I suppose it makes sense that they are trying to educate themselves before making the jump. Actual real-estate investing is a significant responsibility and it is smart to spend time, virtually or actually, with real real-estate investors. It is also a vocation where practice doesn't always conform to theory, so I would expect that many would seek to learn by soaking up the experience of others. Finally, let's be honest about the fact that there are significant barriers to entry for that first real-estate investment, either money or a combination of creativity, time, and some luck. 

Many of these people will take the plunge, but as I would expect, probably most will not, after conducting their research. Real-estate investing is not for everyone.