What’s the Benefit of Buying and Holding?

[Cheree Harris]

So I’m just getting into wholesaling so I’ve been doing a lot of driving for dollars. There is a well known shady real estate company that seems to own ALOT of the run down houses throughout the city that are just sitting boarded up and have for some time. This is also the case for other multiple property owners. I’ve also noticed that they have owned these properties for 5 or more years. How is it beneficial to an owner to buy a property then do nothing with it? I have noted back tax liens, mowing and cleaning liens, etc. so they possibly can’t be making money???