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Man Builds Generational Wealth For Family With 90-Acre Land Purchase
From the 1920s to now, the percentage of minority landowners has dropped from 14% to less than 2% nationwide. Here's how real estate expert Chris O'Neal hopes to change that.
By: Spotlight Media Pros
Determined to defy statistics and build generational wealth for their family, Chris O'Neal and his wife, Sabrina, recently purchased a beautiful brick home with 90-acres of woodland next to Baylors Creek in rural Virginia.
"This property is significant as it has many facets to generate income and generation wealth for my children. This property is a compound, and my family can fish, hunt and enjoy outdoor living. We plan to offer short-term rental to the house on the property," O'Neal said.
Home and land ownership are the biggest contributors to wealth and wealth transfer between generations – and O'Neal knows that. In Oct. 2022, home prices in Virginia were up 4.1% compared to last year, selling for a median price of $402,800, according to Redfin. Even with inflation and mortgage rates at a 20-year high, O'Neal, a money and real estate expert, believes purchasing land is still a smart choice right now.
"The old saying is 'date the rate and marry the home.' The interest rates will eventually come down, and you should be able to refinance," O'Neal said.
According to O'Neal, to build long-term wealth, you need to know how to invest in the right kinds of property – and you don't have to have lots of money to do it.
"I tell people that when you find a great deal, you can get a lender, and the money will come," he said. "As long as you find a property that has cash flow as well as tons of equity. You want to make money the day you buy."
Because of his real estate expertise, O'Neal, who has been featured on local media and Good Morning America for his money advice, recently launched an eight-week course titled "Agent 2 Invest." The course is designed for real estate agents as well as anyone interested in learning effective strategies for finding real estate deals to create generational wealth worth millions.
"I am not holding any information back. The information is life-changing to the participants and will catapult them into a new level," O'Neal said.
The course includes many videos, quizzes and training models that explain how to choose deals that are right for you, tactics and programs used to maximize investing results as well as helpful legal documents used to finalize a purchase. The course can be purchased at Agent2Invest.com (https://www.agent2invest.com/
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