I heard of an interesting business idea that is being carried out in Atlanta right now. A businessman is purchasing foreclosed properties in the $35-$40K range and then putting about $20-$25K in improvments into them. Most of the work is to correct problems with the homes plus expanding the properties to add another bedroom and full bath.

After the homes have been renovated and expanded they usually have 4 bedrooms and 2 baths. The businessman now finds a tenant for the property. He selects tenants who qualify for Section 8 housing, which is a government program for low income earners, to establish a stable situation.

Now the businessman has an income producing property that he now sells as an investment to other parties who want to make money in the real estate market. Since these investment homes are sold with a tenant already established, the businessman is able to sell them for a good profit (in the $15K-$25K per house range).

Don’t let yourself get down just because the economy is challenging because good opportunities are all around us if we will just recognize them and take action. All the best, Jeff