Have you heard that 90% of millionaires & billionaires made their money in Real Estate...
Then you were mis-informed. The following article from MSN lists the riches person in every state. Nearly all did NOT become rich in real estate. Familiar names like Warren Buffet, Bill Gates, Larry Ellison, Michael Bloomberg, Walton Family, etc. Most founded or are CEOs of a large company like Fidelity Investments, and other well known companies.
That does not mean that real estate is not a good investment especially for people starting out with no money and no experience, but the 90% figure is false, sorry.