who want to be millionaire and make money with real estate options_18

_{One of the biggest problems that vacant property owners face is vandalism, and}

_{vandals have a tendency to create unsightly properties, which generate a f lood of}

_{complaint calls to local code enforcement departments. Once this happens and}

_{the property is cited for code violations, it must be brought into compliance—}

_{usually within 30 to 60 days—or the owner will face having to pay a daily fine}

_{until all of the cited repairs are completed. And if the owner does absolutely}

_{nothing, the property will end up being condemned by the bureaucrats down at}

_{city hall for building, health and safety, and fire code violations. When this sequence}

_{of events occurs, the property usually becomes a bona fide problem}

_{property, the kind I like to buy real estate options on!}

_{One of my favorite types of property to buy real estate options on are small, vacant,}

_{filthy, run-down commercial properties, which can be quickly and inexpensively}

_{cleaned up. I have found my own little niche in what I call "dirty deals."}

_{Dirty deals are small, vacant commercial buildings that are structurally sound,}

_{but have a filthy, neglected, run-down appearance, which is an instant turnoff to}

_{most people who cannot see beyond the filth and grime. The reason I like these}

_{dirty deals so much is that they are strictly cleaner-upper properties that do not}

_{require an extreme makeover. All I have to do to spruce them up is give them an}

_{old-fashioned industrial-strength cleaning. This way, I do not have any of my}

_{own money tied up in costly and time-consuming repairs. My out-of-pocket expenses}

_{are limited to the cost of cleaning up the property. I like this particular}

_{type of property because I can usually buy real estate options on them at bargain}

_{basement prices and then quickly resell the option for a hefty profit once}

_{the property has been given an industrial-strength cleaning.}

_{I once bought a real estate option on a filthy, neglected, run-down, but}

_{structurally sound house in a so-called neighborhood-in-transition in Winter}

_{Park, Florida, a suburb of Orlando. The house had been condemned for building,}

_{safety, health, and fire code violations. This place looked like something right}

_{out of downtown Baghdad, Iraq! It had what code enforcement inspectors commonly}

_{refer to as accumulations of every type of debris, garbage, and junk}

_{known to mankind! The owner lived in Westerville, Ohio, and wanted the steady}

_{stream of threatening letters from the Winter Park Code Enforcement Board to}

_{stop. I had done my homework and knew the property was worth at least}

_{$110,000 after it was cleaned up. I ended up paying $500 for a six-month option}

_{to purchase the house for $75,000. It cost me $2,000 and took three days to}

_{have all of the accumulations removed from the property and have the house,}

_{and resold my real estate option for a $15,000 profit!}