Next Land Boom - Central Texas? (Boerne, Bastrop: for sale, mortgage, loans)

[reedcm]

What are some of the better areas around Central Texas to buy land for investment purposes? We just spent a weekend in the Boerne / Bergheim area, and drove through Blanco / Johnson City on our way home. They all seemed like really nice areas, and I understand that land is going through the roof in this part of Central Texas.

Are there any areas that have yet to hit, but are on the verge? Can anyone help with recommendations where you can still get in on the cheap, and sell 5-10 years later with a nice rate of return?

[farrahlena]

Do you have a realtor? I would suggest asking one for details. You will have to sign a buyers representation form for them to give their "opinions", but its at no cost to you to use one.

What price range and how much land are you refering to?

[Biscuits]

Originally Posted by farrahlena

Do you have a realtor? I would suggest asking one for details. You will have to sign a buyers representation form for them to give their "opinions", but its at no cost to you to use one.

What price range and how much land are you refering to?

I am guessing there are several Realtors on this board who will give you their opinions far prior to signing a representation agreement.

[scongress1234]

Originally Posted by reedcm

What are some of the better areas around Central Texas to buy land for investment purposes? We just spent a weekend in the Boerne / Bergheim area, and drove through Blanco / Johnson City on our way home. They all seemed like really nice areas, and I understand that land is going through the roof in this part of Central Texas.

Are there any areas that have yet to hit, but are on the verge? Can anyone help with recommendations where you can still get in on the cheap, and sell 5-10 years later with a nice rate of return?

There won't be any more booms for at least 5-10 years. The financial markets have to be solvent before one even BEGINS to sniff out future booms. As Bear Stearns just became defunct(one of the largest mortgage purchasers)this week, I would say that we are far away from financial solvency in the loan markets...

[doss1]

I'm actually seeing land prices FALLING in the hill country on land tracts I've been watching for 2 years now.

[TexasHorseLady]

Perhaps out towards Bastrop. Growth is predicted to be heading out that way. (And is a bit already.)

Oh, and Bear Stearns didn't "go defunct" - it was gobbled up by JP Morgan.

[scongress1234]

Originally Posted by TexasHorseLady

Perhaps out towards Bastrop. Growth is predicted to be heading out that way. (And is a bit already.)

Oh, and Bear Stearns didn't "go defunct" - it was gobbled up by JP Morgan.

My dad worked there for 30 years(BS). They made some egregiously bad and greedy moves, and ended up going insolvent. The Fed actually saved their butt, by backing a sweetheart deal and bad debt, for 9 cents on the dollar for JPMC. If it was not for the Fed, and your tax dollars, JPMC would never have gotten near BS.
Thanks, Fed Reserve, for using our hard-earned tax dollars to back up another "Greed is good" test case........what is that french phrase, about the more things change, the more they remain the same?
C'est la something or other?

actually, just found it...........

Plus ca change, plus c'est la meme chose

and in english, "Ain't that the truth!"

[TexasHorseLady]

Oh, yeah, no question that they made some VERY bad moves (and greed had to have been involved). The Fed did, indeed, bail them out (for reasons good or ill), and they were purchased by JP Morgan.

I heard an interesting figure the other day about the miniscule number of loans out there that are/were subprime loans, by the way. To hear the media spin it, you'd think that every other loan was subprime, but not really - it's really a tiny percentage (can't remember the exact figure, will have to go back and pull it out). However, if you're one of the mortgage lenders who had subprime as a major component of your portfolio, yep, you were in big trouble - and earned it.

[texdav]

I had a friend who owned a large tract of land he wanted to devlop a few years ago. He was well off. Even then devloping the land is a long and hard task in the best areas. You end up going thru alot of agencies many time =s and getting thing s like water ;electricity and other utlities is hard considering your up against alot of large deveoping comapnies.Luckily he had the land for along time so he never had to put it up for sale then.He end up selling it for a great profit but like he said you have to hold it for a long time as a individaul to make much.

[brattpowered]

Downtowns of cities and small towns will be the new boom frontiers as the suburbs contract due to upcoming double-digit gas prices.