When looking at what kind of real estate to invest in, I recommend buying agricultural land in central Texas. I'm from La Grange, located halfway between Austin and Houston, and have grown up watching the value of recreational land increase. My dad works in this business, and with more and more people from cities looking for agricultural land in central Texas, I see it as a good investment. If you buy a large property (200+ acres), there is a lot of potential to make a profit by splitting the land into smaller tracts and selling at a higher price per acre.
Personally, I recommend a 369 acre property outside of Schulenburg, TX. It has I 10 frontage, and is listed for $2.9 million. The main house on the property is 6880 sf, has 4 beds and 4.5 baths, a pond, creek, pool, barns, pens, and an additional house. Because of the opportunity to improve the home and split the large acreage into smaller tracts (with major road access), I think this specific property could be a good investment.
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