My newest hobby, income maker...LAND

WVU · Dec 23, 2007

I am now in the land business. I want to buy 40-400 acre parcels and hold on to them and sell off parts when feasible. I am currently looking in Northern Maine, Texas, Colorado, and Nevada.

The housing market has been rough, but land will always gain value. Is anyone else here into land sales?

joeyfitzclick · Dec 23, 2007

There is no land here.

billhill999 · Dec 23, 2007

Will Rogers once said.

"buy real estate, they just aren't making it anymore"

WVU · Dec 23, 2007

I have bought 40 acres for $7500 and I am high bidder for 28 acres for 22k. There is plenty of cheap land out there. You can buy it for $1000 per acre and sell it for 3k per acre. At least that is the plan

ILMW · Dec 23, 2007

WVU said:
I am now in the land business. I want to buy 40-400 acre parcels and hold on to them and sell off parts when feasible. I am currently looking in Northern Maine, Texas, Colorado, and Nevada.

The housing market has been rough, but land will always gain value. Is anyone else here into land sales?

The thing is thought WVU u can buy all this land in those parts but who in their right mind in 100 years will be living their. Take Nevada for instance where you can buy 100 acres for dirt cheap, but its unimproved and will be some time before it ever hits paydirt if ever.

WVU · Dec 23, 2007

ILMW said:
The thing is thought WVU u can buy all this land in those parts but who in their right mind in 100 years will be living their. Take Nevada for instance where you can buy 100 acres for dirt cheap, but its unimproved and will be some time before it ever hits paydirt if ever.

You dont have to sell it to someone who wants to live there. You have to sell it to someone who thinks they can sell it for more.
:wink:
Screw properties and rentals and listings and the hassles that come with them. Land can be passed around relatively easily

joeyfitzclick · Dec 24, 2007

WVU - welcome to the world of small town America and their town planners, zoning boards and planning commissions.

fhmesq44 · Dec 24, 2007

WVU said:
You dont have to sell it to someone who wants to live there. You have to sell it to someone who thinks they can sell it for more.
:wink:
Screw properties and rentals and listings and the hassles that come with them. Land can be passed around relatively easily

\

Buy small mobile home parks. Give one of the renters free rent to deal with the day to day shit. You live in FL, better yet, buy mobile home parks, subdivide the land into small parcels and sell them to the people already living on them.

WVU · Dec 24, 2007

my plan in a nutshell:

buy 40 acres of buildable land for 30k. Divide these up into ten 4 acre parcels. Sell 8 of these for 8k each. Divide the remaining 2 parcels into 16 half acre lots. Sell each one of these for 2k.

Most of these large parcels are already divided and ready to sell separately.

WCBias · Dec 24, 2007

Wait until Woof sees this....armageddon

WVU · Dec 24, 2007

WC Bias said:
Wait until Woof sees this....armageddon

he says buy gold because the housing market is collapsing. The land market is not. The wheels are in motion. Worse comes to worse i will be holding onto land and not houses. I bought houses and they are a royal pain if you are not selling right away. land, I can hold onto for longer periods. One of my 40 acre properties will cost me $186 per year in taxes. I can hold onto these for 20 years if I need/want to.

Matt · Dec 24, 2007

I have a 150 acre piece of land I will sell you in Nova Scotia.

WVU · Dec 24, 2007

Matt said:
I have a 150 acre piece of land I will sell you in Nova Scotia.

Are you serious?

Kruser6 · Dec 24, 2007

WVU - I love the way you are always thinking about this shit. This is all I do everyday.

Difference between me and you right now is you have the money to act on these ideas. I am working my ass off to get where you are now though. I look to build my life much like the way you have.

Matt · Dec 24, 2007

WVU said:
Are you serious?

Well, I do own a 150 acre piece of land about 10minutes away from my home, I am not positive if I am going to sell it or not, but if the right offer came along I likely would.

Hit me up on msn sometime if you would like to talk about it.

djmatt · Dec 24, 2007

I own just short of 4k acres of farmland in southern Illinois, it has generated income very steadily for the past few years.. I actually hit big when I was able to get the land off the fed government for a federal wetlands program. The gov't paid me to not farm the property or make any improvements.. they're going to put trees and marshes and flood pieces (only 2800 acres are in the wetlands) now I'm able to lease the property to hunters, I still own around 1150 acres..

check out CRP programs and other federal incentives.. WVU if you're buying urban parcels, or more rural you might want to check out some of these options.
Wind farms generate a lot of money if you're in the right area

auggiedawg · Dec 24, 2007

djmatt said:
I own just short of 4k acres of farmland in southern Illinois, it has generated income very steadily for the past few years.. I actually hit big when I was able to get the land off the fed government for a federal wetlands program. The gov't paid me to not farm the property or make any improvements.. they're going to put trees and marshes and flood pieces (only 2800 acres are in the wetlands) now I'm able to lease the property to hunters, I still own around 1150 acres..

check out CRP programs and other federal incentives.. WVU if you're buying urban parcels, or more rural you might want to check out some of these options.
Wind farms generate a lot of money if you're in the right area

shit, im tired of sucking at life and never have any money. Ive now watched sportscenter for the 5th time in a row this morning.

fivedoorsdown · Dec 24, 2007

WVU said:
my plan in a nutshell:

buy 40 acres of buildable land for 30k. Divide these up into ten 4 acre parcels. Sell 8 of these for 8k each. Divide the remaining 2 parcels into 16 half acre lots. Sell each one of these for 2k.

Most of these large parcels are already divided and ready to sell separately.

hey that sounds easy

ok so for the bad news.
money for state exemptions
road and site work and approvals
wetlands

can you see the lawyers fees mounting

can you see where i'm going. these lots are now finding there way up to 45.000 apiece just to get ready to list on the market

and forget maine. most land up there is leased paper company land

BillDildeaux · Dec 24, 2007

I've been doing this in Texas for 4-5 years now. Some of the land I flip quickly and some I do a major rehaul. I have a land management degree and I use my knowledge to improve the land. My main set of tools to restore the land also make money for me, since they are cows, goats, and sheep.

I am currently sitting on a lot of land and do not plan on selling it since there is a good chance its contains natural gas. And that is why the number one rule when buying land is: only buy land with 100% mineral rights.

WCBias · Dec 24, 2007

WVU said:
he says buy gold because the housing market is collapsing. The land market is not. The wheels are in motion. Worse comes to worse i will be holding onto land and not houses. I bought houses and they are a royal pain if you are not selling right away. land, I can hold onto for longer periods. One of my 40 acre properties will cost me $186 per year in taxes. I can hold onto these for 20 years if I need/want to.

I was joking.

I was a bank teller for a short while when I went to college, this really old guy used to come in and he was one of those guys you liked to shoot the shit with. That, and he kept over $2,000,000 in a savings account (I guarantee that guy had jars of money burried in his back yard). Before the end of our conversations, he'd always tell me "land...buy land son".

When he was a young man he bought thousands of acres of land on a mountain outside of Riverside (and elsewhere)...it became Big Bear Mountain (ski area) and Lake Arrowhead.