Land in Lago Vista
Hi, I am a beginner investor wanting to get into rental properties. I have a condo in California that I currently rent out and I am now trying to build my portfolio.
I have been seeing these *inexpensive* lots of about 0.4 acres for around $4-5k apiece in the Lago Vista area. With Austin expanding so much demographically now, I am wondering if these parcels would be a good investment to flip to a developer. But many have been on the market for more than a year (I assume because of the recent recession). Perhaps these would be a good buy now?
Anyone familiar with the Lago Vista area on the north Lake Travis side? Does anyone know why these lots are still available?
Thank you!
-Jason