The Most Profitable Types of Properties to Buy Real Estate Options On

The real trick to being a successful option investor is in knowing which properties to put under option so that you can create instant equity without having to spend oodles of time and gobs of money on an extreme property makeover. And over the years, I have been able to take the same derelict properties, [...]

How many different types of option properties you specialize in pretty much depends on the size of your local real estate market. At a minimum, I recommend that you specialize in at least two different types of properties. I am telling you this because in most real estate markets, very few potentially profitable option properties [...]

One surefire way to quickly go out of business as a real estate option investor is to buy options on properties that are not in demand in your local real estate market. If you are smart, you will follow my advice and use the information that is readily available on local economic, business, and real [...]

The ability to visualize a property being put to other uses is a skill that you can quickly develop by expanding your knowledge of the types of properties that house various businesses and industries. I read over 20 trade publications a month, which cover a variety of industries, ranging from transportation to logistics to site [...]

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 of profitable uses. The real estate buzzword for this is adaptive reuse, which refers to putting a property to use in a [...]

The very last step in my option buying decision-making process is to develop a worst-case scenario for the property under consideration. I do this because I am a pragmatic realist, and I fully understand that there is always a fifty-fifty chance that something could happen during the option period that could prevent me from reselling [...]

Vilfredo Pareto was an Italian economist who lived from 1848 to 1923. Pareto observed that 20 percent of the Italian people owned 80 percent of the nation’s accumulated wealth. Pareto’s observation became known as the Pareto Principle. Today, the Pareto Principle is commonly referred to as the 80/20 rule. This 80/20 rule is based on [...]