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23% Of Americans Think Real Estate Is The Best Way To Build Wealth

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Americans are inconsistent when it comes to wealth building.

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23% of adults voted for investing in real property as the best way to create personal wealth.

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This makes it the most preferred way to build wealth after investing in stocks (16%) and starting your own company (15%).

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However, this is not what people who wanted to increase their wealth did in the year.

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The No. According to 27% of respondents investing in the stock markets was the number one way Americans build wealth—only 12% of respondents invested in real property.

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What is stopping Americans from investing in the way they want? Financial experts agree that cost is the biggest obstacle to investing.

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Nicholas Bunio, a certified financial advisor in Downingtown, Pennsylvania, says, "In real estate, it takes money to create money."

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You will need to either pay cash or mortgage the property. You also need to fix up the property and maintain it annually. This is what costs money.

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