We really like that area right now for the cashflow and for the future appreciation if some of the projected development happens like Stone and the Fulton Yard! 

The investor may still be willing to pay over market price for a number of reasons, such as accumulating individual properties adjacent for future development; to add to a portfolio of close by properties so synergistic effects may be realized; because he knows something that will lead to large increases in future value; because the property will return a higher net income than the comparable properties, etc.

I know very wealthy flippers, 1-4 family rental owners, apartment owners, commercial building owners, note buyers, developers, etc.

I’ve just begun enjoying the BP community and have developed a respect for the quality and legitimacy of the users of these forums.

If you're a buy and hold guy, then buy a decent condo by a well-known developer at a AAA location and you'll be fine.

Amazingly enough, two young women took it right away,  and although she went through several roommates, one of them was our tenant for the next six years until the place (which had just gone condo when we bought)  decided to go BACK to apartments and we sold it to the developer.  

Investment Info:

Other commercial investment investment.

Purchase price: $480,000

Cash invested: $1,000,000

Sale price: $1,600,000

Commercial Property built 1915, Construction Project in 3 phas...

I have two realtors in my family so I can get information really quickly on properties, I worked on my family’s rentals for about 5 or so years, I’m pretty good with Microsoft office, I found a five unit apartment in a desirable area originally to wholesale but I want to acquire it after analyzing it a little more, and I’m just a hungry young man willing to work I used to play football on the college level so I’m looking to bring my work ethic developed over the years to real estate investing.

I have developed a solid track record and have deals coming in frequently.

Although Austin is developing farther out so fortunately could really benefit in the long-term.For those of you whose first property was a single-family househack, what would you do differently or what would you pay more attention to if you could do it again?