Investors are high on real estate as an income source, although many remain afraid of the category because of its complexity, says a recent survey by Better Homes and Gardens Real Estate.
Eight-nine percent of the 1,000 investors surveyed say they are interested in incorporating real estate into their investment strategies, and 80 percent believe a real estate portfolio is one of the best financial legacies they can leave for their family.
At the same time, potential investors expressed concerns that they do not know enough to invest in real estate (42 percent); that it requires too much time (41 percent), and that it requires too much start-up capital (35 percent). Of the 1,000 investors surveyed, 320 had no real estate investments and 680 had real estate investments.
Of those who have taken the plunge into the real estate market, almost all (96 percent) say the decision has helped them achieve some form of financial success and 94 percent are interested in making more real estate investments in the future.
Most of those investing (89 percent) want the property geographically close so they can either use it for themselves or their family, or so they can personally manage the property.