Some assets can be valued significantly lower than their actual worth because of illiquidity and other factors.

A wholesaler in Pflugerville brought me a deal when their cash buyer fell through, and it ended up being a win-win.Digging Into Pre-Development Permits: Austin has a lot of new developments, and I’ve had success reaching out to property owners near upcoming projects.

This is pushing many to look at areas that still offer strong cash flow backed by solid economic factors.I’m originally from Florida, but experienced the same issue after factoring in all the expenses.

Recently Trump has announced the nomination of Scott Turner to be the new Secretary of the Dept of Housing and Urban Development, HUD.

Hi Kayla, Sorry you are going through this.Without context on price point and other factors, it's hard to say definitively what the exact best course is, but I have seen investors off-load properties like this by seller financing.

Also, a contractor may not be the best person to develop your scope of work! 

Having been in Austin for nearly five years, I've seen a significant increase in incentives for developers to build multifamily properties.

Thanks for the suggestion. to answer yours, I’m hoping to start with acquiring, then eventually development.

All of which may factor in. 

@Arif GungorurMake sure you check any HOA or development restrictions.