India, March 13 -- Louisiana resident Sara McDaniel shared her story of how purchasing abandoned villas for $51,306 (about Rs.45 lakh) helped her earn a fortune.

According to CNBC Make It, McDaniel said she moved back to her home in Louisiana's Minden in 2016 and about four years later, a childhood friend contacted her. The friend asked her if she was interested in buying eight villa-style apartments that had been abandoned for almost 40 years.

At the time, she already owned over 20 properties and used them for short and long-term rentals. Some of those properties were vacant land. Two of these villas spanned 750 square feet while the other six covered an area of 500 square feet.

"The villas weren't my first rodeo with abandoned proper...