Joe Capote – Certified Investment Agent Specialist Expert in Real Estate Investments and Properties

Many believe real estate investment is either too complex or for the very wealthy. However, the reality of real estate investing is quite different from the perception. Let’s dispel some myths regarding the typical real estate investor. You might be surprised at what the average investor looks like.

Myth: Real estate investment is for the super rich.

Reality: The median income of the real estate investor in 2009 was $87,200, as compared to $79,200 for those buying primary residence. Nearly half (43%) of all investors made less than $75,000 per year. Moreover, 78% of real estate investors were married couples.

Myth: Real Estate investment is for the middle-aged.

Reality: Only 22% of real estate investors are 45-55 years old. a full 50% are less than 45 years old. With the emergence of the echo-boom generations, the percentage of younger investors is likely to grow!

PORTRAIT OF THE REAL ESTATE INVESTOR

• 50% are under 45 years old.
• 22% are 45-55 years old.
• 28% are over 55 years old.

Myth: Only urban markets are cash flow markets, and that’s where the investor activity is.

Reality: In 2009, 76% of investment properties were located either in small towns, rural or suburban areas. Only 18% where located in urban areas.

Myth: Investment properties are usually located in resort areas.

Reality: Only 5% of investment properties are resort properties, and almost half were located within 20 miles of the investor’s primary residence. In fact, the median distance from an investor’s home with 24 miles.

Myth: Most investment properties are multi-family or apartment complexes.

Reality: Single-family detached homes are largely favored by investors and make up 63% of investor purchases. in the past two years, vacancies for the single-family rentals have decreased compared to an increase in apartment vacancies during the same period.

Part of my job is to serve investor needs. That means I help investors through the transaction process. Helping investors to understand the different investment types and finding the kinds of properties each would benefit from is the beginning of the process. Not all real estate investors are the same. Whether you have ever owned investment property or have several investments, helping you achieve your investment goals and objectives is what I do best.