If you're looking for innovative real estate investing opportunities, Clay, Alabama is a great place to start. With a population of just over 13,000 people, Clay is one of the fastest growing cities in the state. The median home value in Clay is $128,700, and the median rent is $937. That means there are plenty of opportunities for investors to buy low and sell high.
One of the most popular investment strategies in Clay is fix-and-flip. Investors purchase properties that need some work and then renovate them before putting them back on the market at a higher price. This strategy can be very profitable, but it does require some knowledge and experience with home renovations.
Another option for real estate investors in Clay is to buy rental properties. With the city's population growing so rapidly, there's always a demand for rental units. And with median rents being so affordable, you can easily charge enough rent to cover your mortgage payments and still have cash left over each month.