Sean: What are your methods in creating wealth using real estate?

Sensei: Well, to create wealth, you actually have to buy and hold. If you think you're going to get wealthy fixing and flipping properties, you're not. You could become cash rich and it could be a great business. How do I know that? Because that's how I started. And that's what I do today. I am known for flipping properties by volume.

So for me getting into real estate back in the day, it wasn't about buying and holding. I didn't have the cash to do that. I didn't even know my own home at the time. It was about buying something. Creating value and selling it retail value. And so when you told your audience that you really need to learn and do your due diligence about the business that you're seeking, I couldn't agree with you more. Because I can tell you this as a real estate coach and instructor, most people fail in real estate because they don't study.

And that's a huge issue. You know, they just want deals to fall in their lap where they want someone to provide for them. And I won't do that. So to answer your question, you have to buy and hold real estate for the long term so that you can get the trifecta and the trifecta is cashflow, appreciation in value that asset, and the tax benefits.

And when you can take those three ingredients and intertwine them, that is a true wealth builder. If you remove one of those ingredients, you're not building wealth, you either have a tax deduction or you have something that's possibly growing in equity, or you have cashflow, but you have to have all three.

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