If you're looking for innovative real estate investing opportunities, Meigs, Tennessee is a great place to start. With a population of just over 1,000 people, Meigs is a small city located in the southeastern corner of the state. While it may not be the first place that comes to mind when you think of real estate investing, there are actually a number of reasons why Meigs is a great place to invest in property.
For one, the city's location makes it a prime target for investors looking to capitalize on the growing popularity of rural living. Just an hour's drive from Chattanooga and two hours from Nashville, Meigs is close enough to major cities to offer all the amenities and conveniences that city-dwellers crave, but far enough away to provide a sense of escape from the hustle and bustle.
In addition to its convenient location, Meigs also offers investors some unique opportunities that can be found nowhere else. One such opportunity is the city's "land bank" program. Through this program, investors can purchase vacant or abandoned properties for as little as $1,000. These properties can then be redeveloped and sold or rented for profit.
Another reason why Meigs is an attractive investment destination is its low cost of living. According to City-Data.com, the cost of living in Meigs is nearly 20% below the national average. This means that your investment dollars will go further in Meigs than they would in most other places in the country.
If you're looking for an innovative real estate investment opportunity that offers both convenience and profitability potential, Meigs should definitely be on your radar!