Recently this year when Florida was hit with a recession young entrepreneur Willow Tufano took advantage of the period when others were fearful to buy and purchased a house that would’ve sold before for $100,000 for $12,000. Then he renovated it and rented out the house for $700 a month less than a year later.

Being an entrepreneur is all about taking risks and seeing opportunities that others missed or don’t take advantage of. This young kid was able to see that there was a chance to make some money by buying at a low cost and then selling at a higher price just as you would do with stocks — but with real estate instead.

It is a very simple concept, but one that is very entrepreneurial and one that can be very lucrative if done correctly!