Opportunities in real estate are not limited to multi-million dollar projects and developments, and that is a message that individuals and families need to be more aware of. One example is if you can't find housing in an area you are looking in because of prices which are too high. Just looking at available and "existing" properties may not be your only chance, although many people continue to think that way.
The below linked article is a perfect example, looking at a couple who bought an "easily available" church property and renovated it to become their home. Obviously, not every community has available church property at a much lower price, but there may be other opportunities to convert to a residence. Even the below article shows a church property with a separate building that could ALSO be used as a house, thus providing income property within the same investment.
How do people, including single-family home buyers with limited funds, find these potential deals?
Clearly, they did their homework. That homework started with an idea to look into every possible alternative. In this instance, the result was getting a place to live for less money and with a unique touch a family can share and remember for years to come, along with the additional income it could generate.
Another instance of a few hundred dollars worth of research saving and generating thousands of dollars of income. It takes more than a prayer to find these opportunities. Let's talk.
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