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re: Anyone on here invested in timber land before?
Posted on 6/7/23 at 8:41 am to turkish
Posted on 6/7/23 at 8:41 am to turkish
quote:I can get it for $1k/acre
How much does this land cost per acre and how much is clear cut land selling for?
Clear cut land is selling for $2k-$3500 with mineral rights
I would want to sell it for $700-$800 clear cut with no mineral rights (as I would not maintain them)
So I would have to find someone who wants 80 acres of recreational property for $50-$60k that clear cut.
Or lease the land to a large wood producer like Weyerhaeuser
2
Posted on 6/7/23 at 8:47 am to Solo Cam
I don't think your plan is terrible, I'm just not sure it will go super smooth as there are people that do this for a living. But if you can be patient and hold the land and have some buffer built in, I'd say do it.
Has land really gone that far down in value? A year or 2 ago it was damn near impossible to find acreage for under $2000/ acre almost anywhere thanks to preppers moving to the country due to covid.
Has land really gone that far down in value? A year or 2 ago it was damn near impossible to find acreage for under $2000/ acre almost anywhere thanks to preppers moving to the country due to covid.
Posted on 6/7/23 at 12:23 pm to Solo Cam
If you can buy it for a fraction of the purported fair market value, why are you messing around asking us what we think? You could give the timber away and still make money, supposedly. Jump on it.
Otoh, I thought in LA you couldn’t permanently decouple the surface and mineral rights.
Otoh, I thought in LA you couldn’t permanently decouple the surface and mineral rights.
This post was edited on 6/7/23 at 12:28 pm
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