Jumpstart Real Estate Success with This Proven Simple Strategy
The Proven Simple Strategy: Buy and Hold
One of the most effective strategies in real estate is the "buy and hold" approach. This strategy involves purchasing properties and holding onto them for a long period, allowing them to appreciate in value over time. The primary benefit of this method is the potential for significant capital gains and rental income. By renting out properties, you can generate a steady cash flow while waiting for the property's value to increase. According to the National Association of Realtors, the median existing-home price for all housing types in August 2023 was $407,100, a 5.1% increase from August 20221.