There are many innovative real estate investing opportunities in the various cities in Lee County, Illinois. One such opportunity is to invest in vacant land. There are a number of reasons why this can be a great investment, including the fact that there is no need to worry about zoning changes or other issues that can come with developed land. Additionally, vacant land is often much cheaper than developed land, making it a great option for investors looking to get a good return on their investment.
Another innovative real estate investing opportunity in Lee County is to invest in tax-lien properties. When a property owner fails to pay their property taxes, the county will place a lien on the property. If the property is sold, the proceeds from the sale go towards paying off the outstanding tax debt. This can be a great opportunity for investors because they can purchase these properties for pennies on the dollar and then sell them later for a profit once the tax debt has been paid off.
Finally, another innovative real estate investing opportunity in Lee County is to invest in short-term rentals. With traditional long-term rentals, there can be a lot of vacancy and turnover which can eat into profits. However, with short-term rentals investors can maximize their profits by renting out their properties for shorter periods of time, such as during special events or holidays. This allows them to charge higher rates and still make a healthy profit margin.