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re: Anyone on here invested in timber land before?
Posted on 6/6/23 at 11:17 pm to Solo Cam
Posted on 6/6/23 at 11:17 pm to Solo Cam
Which parish? I was able to get timber property in Winn parish for around $2k an acre. It's been decent hunting for deer and wood ducks which was the main reason for the purchase but it is plantation planted with 16 year old pines. We'll be looking to do our first thinning next year. The thinning should help the deer hunting and I suppose potentially help value of the land for any future harvest. I consider any timber revenue as lagniappe.
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Posted on 6/7/23 at 8:29 am to H2O Engineer
quote:Union
Which parish?
quote:Yeah I'm not making it my primary source of income. I'm just not heavily investing in home flips right now and frankly the rental market looks a bit over saturated as well so I have contacts with folks around north Louisiana that will sell their land for essentially 1/2 of market value if they can retain the mineral rights. Sub surface, not surface.
I consider any timber revenue as lagniappe.
I don't think a 20 acre set is really worth investing in for timber but 80 acres might be.
That and my worst case scenario would be to keep the land and hunt it and replant it. If I could break even then I get a nice bump in retirement when I harvest it and then pass it on to my kids and they get a couple of nice bumps in their lifetimes.
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