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.
When looking through biographies, and the history of various wealthy people, real estate has played a factor in the accumulation of almost all the stories of wealth I have read.
Most strategies for building wealth in real estate are considered get-rich slow plans. 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.
Real estate was the 3rd most common way for someone to be wealthy. Additionally, 10% of billionaires made their fortune through real estate. This followed behind Finance and Retail.