who want to be millionaire and make money with real estate options_11

_{One of the keys to consistently making money as a real estate option investor is}

_{the ability to look at a piece of vacant property and visualize it being put to a variety}

_{refers to putting a property to use in a way in which it was not originally intended.}

_{For example, when most people look at a vacant three-bay gas station, all}

_{they ever see is just a vacant three-bay gas station. However, when a savvy real}

_{estate option investor with a fertile imagination looks at a vacant three-bay gas}

_{station, he or she immediately sees a:}

_{1. Produce market.}

_{2. Convenience store.}

_{3. Tool rental store.}

_{4. Pizza parlor.}

_{5. Plant nursery.}

_{6. Small engine repair shop.}

_{7. Set of small office suites.}

_{8. Delicatessen.}

_{To illustrate my point, I once paid $3,000 for a six-month option on a condemned}

_{mom and pop-type convenience store in East Tampa, which had been}

_{involved in a fire. However, the building was structurally sound and the roof was}

_{still intact, as most of the actual fire damage had been confined to the shelving,}

_{coolers, and contents of the store. The person operating the store was uninsured,}

_{so the fire wiped out his business. And after I had an opportunity to carefully inspect}

_{the property, I no longer saw a burnt-out convenience store; instead, I saw}

_{a thriving produce market, and that is exactly how I packaged the property. To}

_{spiff up the property, I gave the exterior an industrial-strength cleaning and had}

_{the interior of the store gutted and cleaned out, so that would-be produce mavens}

_{could walk around inside and visualize where they could place their various}

_{fruits and vegetables. Two months later, I turned around and resold my option to}

_{a hard-working Korean family for an $18,000 profit.}