Real estate investing: Profitable but risky game
Real estate investing: Profitable but risky game: "Almost one in four real estate sales are to buyers who are seeking an investment rather than a place to live, according to a survey by the National Association of Realtors.
Your typical investor isn't the millionaire next door. The average annual household income of an investment buyer is about $78,000, the study reveals. Investors are also a lot more conservative than you might have heard, opting to put an average of 22 percent down. 'They're not high-risk loans,' says Al Mansell, president of the association. 'They're low-risk loans.'"
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