I would suggest looking into the Texas Veterans Land Board web site. They have land auctions 2 times a year in April and October. I was able to purchase 16.7 acres for $1,750 per acre for a total price of $28,500. They have some stipulations as to who can purchase their reposed properties but if you qualify or have a very close friend or relative that qualifies. (You could purchase it through them.) Have them purchase it and than go through a bank to buy it from them. I was able to take the 28K property and build a 150k house on it than it was appraised at 375k. Remember the key to good real estate is Location, Location, Location. The property I brought is within 2000 feet of Lake Livingston. In my option any land purchase must be looked at as an investment you have to look at it and ask yourself if needed can you turn your investment and at least get your money back if not make some. You also must remember that no piece of property is perfect which means that you have to make lemonade from lemons. Here is a example of a piece of property they have for sale on their website. Here is a link to their website.
http://www.glo.state.tx.us/vlb/traxii/index.html Forfeited Land Sale Tracts Search ResultsYour query of LEON returned 1 records.
Tract #: 12719 County: LEON
Total Acreage: 14.00 Minimum Bid: $ 24,000.00
Mineral Rights: The buyer needs to check County Deed Records to determine what, if any, mineral rights exist.
Legal Description: Ramon De La Svy., A-8, Tract #10-A, Dated 5/9/86, Vol. 633, Page 723. Tax ID#: 09950-01400-00000-000000. Lat/Long: N31 18' 33.8" / W095 47' 05.4".
Acct #: 118237
Tract Dimensions: A=1043.20; B=575.11; C=1082.66; D=573.75
Location: In Centerville, at SH 7/SH 75, E on SH 7 for 11.9 mile; turn right on CR 149 & go 0.2 mi to a "T"; turn left at "T" on CR 149 & go about 0.1 mi to a "Y"; take right fork (CR 149) & go 0.9 mi to a "T" of CR 149/CR 148; turn right on CR 148 & go 0.4 mi to a "T" of CR 148/PR 1425; turn right on PR 1425 & go 200/300 ft to the tract on the left (S) side of PR 1425; flood plain at the rear of tract.
Here is a to a posting I made with some photos of my place.
http://www.pondboss.com/ubb/ultimatebb.php?ubb=get_topic;f=1;t=000184 :p
