No. of Recommendations: 2
There is a region developing west of Austin, with lots of undeveloped land parcels (.25 to .5 acres for $2000 to $5000).

What considerations should we make if we were to look at this scenario as a long-term investment and retirement goal?

I wouldn't recommend investing in an undeveloped lot. Real estate taxes are likely to eat up any appreciation you see. Keep your flexibility by investing that money into something that you can expect more return from, then you can buy a lot when you are ready to actually build there.

Real estate can make a great investment, but it's tough to make good money on non-income producing land. If you have a house you can rent, that's good, or if you have timber you can harvest, that's good. If it's just sitting there generating a tax bill every year, that's not so good.

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