Yes, real estate is a viable option to accumulate wealth. Income-producing real estate offers its owners the benefits of compounding growth, tax benefits, and cash flow.
Andrew Carnegie said, “Ninety percent of all millionaires become so through owning real estate.” This quote has been repeated many times over the years. Whether it is true and comes from actual data or not is in question, it certainly sounds truthy.
Most strategies for building wealth in real estate are considered get-rich slow plans. They take advantage of capital appreciation, tax benefits, and rent growth to give high payouts to their investors. It may take 10-15 years before you have built a measurable amount of wealth.
Real estate is the world’s largest asset class. There is basically no limit to how much wealth you can accumulate with real estate.