Let me give you five hot principles to execute the buy and hold strategy. It's time for Financial Freedom Friday with Matt Terrio.

Wholesailing, flipping, those two things are stealing your freedom.

The two are a constant battle.

You're on the hamster wheel, always looking for the next deal, and you miss out on all of

real estate's best wealth creation attributes.

Imagine you flipped 20 properties 20 years ago,

and then compare that to you having bought 20 properties 20 years ago and still have them today.

That's quite a different position you'd be in today, isn't it?

You know, when it said that real estate is the final frontier where the average person has a legitimate shot at creating real wealth.

It's through holding that real estate, not flipping it. Sure, flipping is a much more exciting way to make money,

and you can even get rich doing it. But holding real estate, albeit boring, is a much faster way to get wealthy, of which that speed translates to excitement in my world.

Let me give you five hot principles to execute the buy and hold strategy.

Hot principle number one.

You gotta know your numbers.

What will it cost you to hold the property?

Will the income from the property cover those expenses?

Will there be something left over for you after all the expenses are paid?

You have to make sure that the property will pay you while you're holding on to it, not cost you.

All right? Gotta know your numbers. Principal two, properties don't pay without good tenants.

So take your time selecting them.

Watch out for criminal records and low credit scores,

the normal stuff.

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