FIND A FORTUNE IN YOUR OWN BACKYARD

Have you ever driven past a location in your neighborhood and thought to yourself, That would make a great spot for a restaurant," or I wish someone would build a gas station here"? The next time that thought crosses your mind, act on it. Why sit back and let someone else get rich off of your idea?" says commercial real estate expert Al Auger. If you think its a profitable location, it probably is."

Have you ever driven past a location in your neighborhood and thought to yourself, That would make a great spot for a restaurant," or I wish someone would build a gas station here"? The next time that thought crosses your mind, act on it. Why sit back and let someone else get rich off of your idea?" says commercial real estate expert Al Auger. If you think its a profitable location, it probably is."

According to Auger, finding goldmine locations in your neighborhood is simple, especially since you drive your territory every day. The key is to know the area so well that theres no second guessing as to whom or what the property is best suited for," says Auger. For example, a one-acre commercial corner at the major intersection of your city or town is obviously not an ideal residential site. However, it could be a great location for a fast food store or convenience store/gas station."

Auger asserts that there are several points to consider when analyzing a piece of property for practicality, one of which is to look for holes. By holes" he means, Whats missing from the commercial mix? Are there lots of places to eat dinner, but no breakfast spots? Do people have to travel far just to get to a pharmacy? Is only one gas station servicing the whole area? What services or goods do you think your neighborhood needs?" Finding the holes in your neighborhood, along with a vacant piece of land, could be the key to finding a fortune in your own backyard.

Al Auger is an expert in commercial real estate developing, investing, and financing. As the President of CCVI, Inc., a leading real estate investment company in Orlando, Florida, Auger helps new and veteran real estate professionals generate new ideas for successful real estate projects. Many people have used Augers commercial real estate investing techniques with great success.

You can find more tips on how to make money in commercial real estate in Augers new instructional and motivational real estate guidebook Pure Profits: Pinpoint Winning Properties, Think Like an Investor, & Succeed in Commercial Real Estate (Cameo Publications, $17.95, ISBN 0-9715739-3-X). For more information or a review copy of Pure Profits, please call 1-866-372-2636 or send an e-mail to paula@cameopublications.com.