Lately, everyone in real estate has been talking about investing. Everyone has been jumping into the pool, and you’re probably wondering what’s happening to cause all this activity.
Our team even did an investor workshop last month. The big property we shared went under contract with multiple offers—it had barely even hit the market! Luckily, one of our clients was able to grab it. In fact, I think that the lease is already in the works for the property to be rented out.
To my point, when you’re scrolling down my newsletter, you should really pay attention to the “coming soon” properties—they rarely last long enough to even hit the market, and they’re going under contract very quickly.
So what’s going on? Why is everybody suddenly so into investing?
Well, there are 10 million more millennials in the populace than there are baby boomers. That’s a ton! Millennials are those who are born between 1982 and 2000—66% of them are under the age of 30, and 22% are under the age of 25.
Here’s why that makes a difference:
In 1955, a study was done on who is most likely to buy homes, and the results are still true today: those who are getting married and are planning to start a family. However, in 1955, most women who were getting married were around the age of 20, and the husbands were 23 on average. Today, the average woman gets married around the age of 27, and the average man is 30. That’s a seven-year delay in the time that people decide to buy a home.
In the current market, the average home-buying age is 32 years old. So what does that tell you? Well, all of the millennials in the market are about to flood into the market, and that’s why all the investors out there are jumping to the pool—they know that the No. 1 way for millennials to increase their family wealth is through buying property.
On Tuesday, November 12, from 12 p.m. to 1:30 p.m., join us for another Millionaire Real Estate Investor Workshop where we’ll walk you through some of our amazing purchases and how you can find success as an investor.
If you have any questions about the workshop or investing in real estate, don’t hesitate to reach out to us. We’d love to hear from you.