Various strategies can be used on the road to real estate wealth. In one, investors flip properties by buying a house, renovating it in short order and selling for a profit. In another, investors purchase the property with the intent to hold it for many years.
A common approach is to purchase an income-producing property such as a single-family home, an apartment building, an office or retail building or farmland with the intent to rent the property or units within it. By having tenants, investors benefit not only from any appreciation over time but also the rental cash flow. There's also some inflation protection because as operating costs increase, rents can increase as well.