Seeing opportunities in real estate is only the start. Making them happen is the next step. The below linked article shows three separate historic buildings which have been converted into boutique hotels in Texas.
Some people see this type of story and think, "How did they do this?". They did it by having solid research in place. I highly doubt that any of the historic buildings were listed or advertised as being potential hotels. Yet, three separate organizations were able to put deals together and make them a reality, likely with zero competition.
In real estate, it helps to see what is NOT there along with knowing what to do about it. Having a vision and then determining whether or not the numbers can work is a module of operation for some. Those that carry it all the way through are setting the pace. These boutique hotel owners had enough information to bring the opportunity they envisioned to life. It goes from dream to reality when funding appears followed by architects, designers, contractors, and brokers get involved to make it happen.
It is not a new or recent concept to convert problems into successful opportunities. The article about these three ventures ties them together from over a 20 year period. This is NOT market driven. Opportunities for success in real estate are always there - for those that know how to find them.
https://www.chron.com/life/travel/article/texas-historic-hotels-boutique-buildings-20246495.php
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