Eight New Ways to Make Money in Real Estate
If “location, location, location” is the defining principle of real estate value, then the greatest frustration for a buyer is to find a dream house in a nightmare neighborhood. That’s what happened to Kay Laurent. Four years ago she was driving through southern Alabama when she passed a gorgeous wood house sporting a breathtaking price tag: $17,000.Most people would have driven on. But Laurent got a brainstorm. If she could truck her four-bedroom treasure to the Florida panhandle beach community where she and her husband owned a lot, she knew she could make a killing. She bought the house on the spot.
So began one of many Laurent adventures in house moving, a little-known real estate niche in which, with the right house, a desirable plot, and, most important, an experienced and trustworthy mover, you can earn a tidy bundle. While Laurent won’t say what the house is worth today, she admits it’s far more valuable than the combined $100,000 spent on the house, land, and moving costs. Needless to say she has become a big believer in the concept: Laurent has bought, moved, and sold a dozen homes.
The other seven only get better.
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Business 2.0 :: Magazine Article :: Features :: Eight Ways to Make Money in Real Estate
Business 2.0 :: Magazine Article :: Features :: Eight Ways to Make Money in Real Estate
Plenty of people have figured out how to make money in real estate, whichever way the market moves. We found eight of the most innovative players on both sides of …
brittany on March 20th, 2008 8:57 am
This site did not help me at all!
~*Brittany*~
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