Would you be surprised to learn almost as many as own ROTH IRAs (28.5 million) or shareholders in money marked funds (29 million)?
According to a joint survey by the web sites Bigger Pockets and Memphis Invest, 1 out of every 8 American adults consider themselves to be real estate investors. That’s 28.1 million people.
And what are these people doing during this period of historically low interest rates?
Well, 39 percent of them intend to increase their purchases over the next 12 months, while 26 percent plan to buy as many investment properties in the coming year as they did last year. Combined, that means 4.5 million investors are currently active in the market.
According to the National Association of Realtors, last year investors purchased 1.23 million homes, which was an increase of 64.5 percent over the 749,000 they purchased in 2010.
If you’ve ever thought about becoming a Minenapolis or St Paul real estate investor but don’t know where to start, give me a call. It’s a great way to either supplement your income or fund your retirement.