As we frequently watch on HGTV, the flip strategy is one of the most common Real Estate Investing strategies! It is really as simple as it gets - you purchase a property, do some renos to boost its value, and eventually put it back on the market to make a profit. 

In today’s article, we will look into the buy and hold real estate strategy as a way to build passive income and accumulate wealth over time.

I’ve already covered many real estate investing strategies including short term rentals and Airbnbs as well as long-term options. One thing I haven’t covered yet are medium term rentals, that is, shorter leases that offer a faster ROI compared to long-term renting.

If you’re new to the world of real estate investing, you’re probably wondering why so many investors choose to purchase rundown properties that are nowhere near being ready to sell. While renovated state-of-the-art properties might look more attractive, the rundown houses that need renos are the real gold mines for real estate investors. Here’s why!

Today I wanted to focus on the things you should look out for when purchasing your first income property, primarily when it comes to selecting a property and doing a walkthrough and the final inspection before the purchase.