fairchaser":2h79nv5e said:
I gave up on the idea of buying land to hunt on. When you consider the cost and the small amount I could afford, it's just not enough to hunt. Then there is taxes and insurance not to mention running off poachers all the time. But, you guys have me thinking about it again. I would love to hear any success stories about the investment aspect of buying small plots of land.
My plan is to buy that one piece of property to buy and re-sell. I have done it on 2 houses but want to do it with land. The 87 acres i have now i could sell it and easily clear 6 figures in profit but it's one property i will absolutely never sell. Luckily i have enough equity in it that when i do find that property to do a quick turn on that i can use that to get my start.
As far as the investment aspect I didn't buy mine for an investment. I guess it's its own investment as land prices will do nothing but keep rising. But I'll never see the investment aspect unless i sell it. I don't have it farmed out and do not have it in the CRP program. I considered the CRP program but that 10 yr contract scares me some. I like being able to do what i want on it and not have to worry about breaching that contract in any way. No telling what i'll be doing to it in 10 yrs with it.
I know a guy who has made in the high 6 figures if not closer to a million in profit on buying and selling properties. He got his start in 1997 and hasn't stopped yet. I am one of his victims right now as I'm buying some from him
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The worse thing on us average Joe's is the farmers are paying $5-$7k per acre around here and makes it impossible to buy for an investment property to just hunt on. Not sure if that's the case in your area or not. Stick with it fairchaser you'll find the right one at the right price!