Taking Advantage of Market in Austin

[Joe Crupi]

So I know the Apple complex should be starting construction somewhat soon, and that it'll be probably a 2-ish year construction time frame.  Is anyone game planning or already making moves to take advantage of the insane number of tradesmen, etc that will be coming in to work on that project?  Is anyone scooping up properties to make rentals, or finding land to put mobile homes/storage facilities?  Would love to hear of any ideas of how to capitalize on it, and if any of ya'll are already making moves on it.

[Cory Mortensen]

@Beth Phariss Bell Blvd is undergoing early stages of a large mix use development. I just talked to a lady at the city the other day and she loves that area and is excited about the development. There is so much happening around Cedar Park, Jollyville, and just N/NW Austin that growth is happening. I work in commercial and have my eyes fixed on that area right now. Investors vs home buyers look for different things but if you meet in the middle, Cedar Park, Wells Branch, and Pflugerville offer big houses for much cheaper (a 4/3 2700sf at 320k vs a 2/1 condo 1200sf in central). These areas (to me) are being primed with development and should attract more attention in the coming years. You'll most likely see land values chase that attention in the future but to me the getting is good to buy rentals up there even if you just buy off MLS and do conventional in decent areas, CF and Appreciation can be achieved relatively easily if you have even half-way decent resouces.