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re: Anyone on here invested in timber land before?
Posted on 6/6/23 at 3:12 pm to Solo Cam
Posted on 6/6/23 at 3:12 pm to Solo Cam
quote:within 30 miles of a sawmill?
80 acres for 50k
I'd be asking why hasn't anybody swooped in already if there is actual timber on there ready to cut at about $600/AC when the acreage in rural LA is probably 4-5k for that size tract.
Posted on 6/6/23 at 6:17 pm to Cdawg
quote:Yes.
within 30 miles of a sawmill?
It's not currently at $50k
It's an off market deal and I could get it for $1000/acre
It's a family that's not in state and just want the gas royalties. They've had it leased to guys to hunt and they've never been approached for the timber.
It has deeded access and the neighbors had their set logged.
My thought process is if I bought it could I clear cut it and sell the timber then either keep the land and lease it for hunting, plant it snd harvest the timber again in 30 years or flat out flip the land.
I'm thinking I could get some trail cam photos and hire whitetail properties guys and try to get $70-$80/acre without mineral rights.
I would need to be able to net $800-$1000 an acre to justify buying it with essentially no risk.
Even if I could break even on the land I wouldn't mind having 80 acres extra to hunt that cost only property tax
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