The Buy and Hold methodology, as it is applicable to property, is and always has been the cause for making more millionaires than any other method. The main reason is really because it lets you develop equity through appreciation over a period of time. There are numerous short term techniques like lease-options, wholesaling, and flipping that will create some cash in your pocket, but in no way will it improve your net worth in the long run.
I have found in my 20+ years of investing that the process of purchasing real estate is the most significant part of the ownership cycle. Selling is straightforward in the right market, and the only time in the property transaction you become accountable for commissions and capital gains tax. It can kill the whole deal if done improperly and at the wrong time.
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