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re: Rural Land Investment
Posted on 1/7/24 at 6:20 pm to bamatiger90
Posted on 1/7/24 at 6:20 pm to bamatiger90
quote:As a pure investment, it's likely lousy. If there are ancillary/non-tangible benefits, then it's up to your own personal utility curve.
What are the thoughts on picking up acreage as a long-term hold? Not a hunter but using the land for some business activities or subleasing for those who hunt, timber, etc -
I read that auctions offer great windows into it but what are the thoughts? I am diversified and in a good spot to do something different
Even in the bayoudude example given, that's only like a 7-8% IRR over the 7 years.
3
Posted on 1/7/24 at 7:29 pm to Big Scrub TX
For additional insight, while i am not a hunter, I like to do outdoors stuff, target shooting, ATVs, etc. So while it is an investment, I was kind of thinking about putting maybe a lodge/small getaway - wife loves the idea to go out and have property. So after writing the original post, starting to thinking about what it is about land and I think it is that - a place to go play, spend time outside etc - probably excessive but great place for kids/grandkids etc
Posted on 1/7/24 at 9:03 pm to Big Scrub TX
quote:
Even in the bayoudude example given, that's only like a 7-8% IRR over the 7 years.
Could have bought a boat for the $250k but at least this is still worth more than I paid and the family has really enjoyed it. Something very satisfying having your own property to get away to.
ETA: as to the post above that’s why we haven’t built on it. All the places with a nice home/lodge are worth less than The land and home combined when we were shopping around I noticed that. I put a barn but if I had put a $300-400k home it would be tough to get the $550-650 back out but the bare land no problem. I have put a barn though.
This post was edited on 1/7/24 at 9:08 pm
Posted on 1/8/24 at 8:52 am to Big Scrub TX
quote:
Even in the bayoudude example given, that's only like a 7-8% IRR over the 7 years.
Very very low risk though, it's almost a guaranteed return.
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