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#3306647 - 07/30/13 02:25 PM Looking for a farm?
CAW
6 Point


Registered: 09/12/10
Posts: 922
Loc: Huntsville, AL

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If you or someone you know if looking for an excellent place to deer and turkey hunt, here is a well managed 175+/- acre farm for sale in Lincoln County TN, just outside of Fayetteville. $3150/acre. Referral fee provided. Message me for details.






























































































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#3306674 - 07/30/13 02:56 PM Re: Looking for a farm? [Re: CAW]
BSK
Jerkasourous of the non-typical kind
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Registered: 03/11/99
Posts: 65620
Loc: Nashville, TN

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$3,150/acre???!!!

Is land really going that high in the area???
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"Know where you stand, and stand there" --Jesuit Father Daniel Berrigan

"There is no reasoning someone out of a position he has not reasoned himself into." --Clive James

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#3306677 - 07/30/13 03:00 PM Re: Looking for a farm? [Re: BSK]
G8rntn
8 Point


Registered: 11/01/12
Posts: 1769
Loc: Cleveland, Tn

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^^^^^^^^^ hahaha that's what I was thinking
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10 STRAIGHT!!!! \:\)

And I OWN TWINSHOOTER!!!! \:\)

And I will OWN TheDonkey if he takes my bet!!!!! \:\)

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#3306698 - 07/30/13 03:16 PM Re: Looking for a farm? [Re: G8rntn]
BSK
Jerkasourous of the non-typical kind
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Registered: 03/11/99
Posts: 65620
Loc: Nashville, TN

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Wow, if you look, you can still get land for under $1,000/acre in my area.
_________________________
"Know where you stand, and stand there" --Jesuit Father Daniel Berrigan

"There is no reasoning someone out of a position he has not reasoned himself into." --Clive James

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#3306713 - 07/30/13 03:26 PM Re: Looking for a farm? [Re: BSK]
Wes Parrish
16 Point


Registered: 06/12/02
Posts: 19388
Loc: Knoxville-Dover-Union City, TN

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I might be interested if you'd post a few pics of the property.
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#3306717 - 07/30/13 03:33 PM Re: Looking for a farm? [Re: Wes Parrish]
BSK
Jerkasourous of the non-typical kind
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Registered: 03/11/99
Posts: 65620
Loc: Nashville, TN

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LOL Wes! \:D
_________________________
"Know where you stand, and stand there" --Jesuit Father Daniel Berrigan

"There is no reasoning someone out of a position he has not reasoned himself into." --Clive James

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#3306722 - 07/30/13 03:38 PM Re: Looking for a farm? [Re: BSK]
CAW
6 Point


Registered: 09/12/10
Posts: 922
Loc: Huntsville, AL

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 Originally Posted By: BSK
Wow, if you look, you can still get land for under $1,000/acre in my area.


This farm is obviously not located in your area. ;\) (I wish we could buy land for $1000/acre. I would own A LOT more acreage, that's form sure)

Land in Lincoln County TN is very desirable for a lot of different reasons and the cost follows the very simple economic rule of supply and demand. Do a simple MLS search and you will see that $3100.00 is a very fair price for property in this area.

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#3306724 - 07/30/13 03:39 PM Re: Looking for a farm? [Re: Wes Parrish]
CAW
6 Point


Registered: 09/12/10
Posts: 922
Loc: Huntsville, AL

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 Originally Posted By: Wes Parrish
I might be interested if you'd post a few pics of the property.


I have a few hundred more!

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#3306726 - 07/30/13 03:41 PM Re: Looking for a farm? [Re: CAW]
Wes Parrish
16 Point


Registered: 06/12/02
Posts: 19388
Loc: Knoxville-Dover-Union City, TN

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\:D

 Originally Posted By: CAW
Do a simple MLS search and you will see that $3100.00 is a very fair price for property in this area.

But, if your primary purpose is for deer hunting/management, why not buy land in a different area where you get 525 acres for the same price as that 175 acres? \:\)

Just to carry a thought further, let's say your primary interest is free-roaming deer management and quality hunting, and you have $550,000 sitting in an investment earning 8%. Now, you could take off 1% annually, and still be earning 7% on that $550,000.

Not saying anyone can or cannot get a 8% annually, but last time I checked, no equity investments (including land) provide any guarantees on future value.

But, if you had $550,000 to work with, and assuming that 8% return . . . . . . using 1% for land leasing . . . . . letting the remaining 7% grow . . . . .

$550,000 x .01 = $5,500 annually for leasing

How many contiguous acres could you lease with $5,500 annually?
Answer: At $7 an acre = 785 acres

What would your $550,000 (earning 7%) be worth in say 10 years?
Answer: $1,105,313

Just pointing out there are many different angles from which to view things.

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#3306733 - 07/30/13 03:52 PM Re: Looking for a farm? [Re: Wes Parrish]
CAW
6 Point


Registered: 09/12/10
Posts: 922
Loc: Huntsville, AL

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 Originally Posted By: Wes Parrish
:D

 Originally Posted By: CAW
Do a simple MLS search and you will see that $3100.00 is a very fair price for property in this area.

But, if your primary purpose is for deer hunting/management, why not buy land in a different area where you get 525 acres for the same money as that 175 acres? \:\)


Because you would have to drive a lot further from my area than most people would like. There is not a tract of land in Lincoln County that has sold for $1000/acre in recent time regardless of the intended purpose of the land.

Heck, I could go to KY and buy land for $950/acre that would most likely outproduce any land in TN, but I don't want to drive 3 1/2 hours. I could probably go to Kansas and find land for less than $1500/acre if I looked hard enough. But I want my farms to be within 45 mins of my house. I am not alone. I just sold one of my other farms last week for $2750/acre. It's a little further out and does not have county water, but the buyer is very happy with it.

In addition, most land managers BUY land for the investment side of it in addition to the hunting that comes with the property. Hold it, hunt it, manage it and then make a profit from it. Sure beats buying mutual funds or stocks.

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