There are many innovative real estate investing opportunities in the various cities in Scott 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 repairs or maintenance, and the land can be used for a variety of purposes.
Another innovative real estate investing opportunity in Scott County is to invest in tax-lien properties. This is an especially good option for investors who are looking for a low-risk investment. When you purchase a tax-lien property, you are essentially lending money to the government and earning interest on the loan. If the property owner does not pay their taxes, you may have the opportunity to foreclose on the property and earn a profit.
Finally, another innovative real estate investing opportunity in Scott County is to invest in short sale properties. A short sale occurs when a homeowner owes more on their mortgage than the property is worth and they sell the property for less than what they owe. This can be a great opportunity for investors because they can often purchase these properties at a significant discount.