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re: Anyone on here invested in timber land before?
Posted on 6/7/23 at 8:47 am to Solo Cam
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.
1
Posted on 6/7/23 at 9:12 am to baldona
quote:Thanks man. Yeah I'm not trying to compete in the market with anyone. Just seeing an opportunity on the side and seeing if it's as good as it looks on paper or if I'm missing something.
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.
quote:
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.
It's off market deals where folks want to maintain their mineral rights.
There's clear cut land close by with mineral rights that's on the market at $5,500/acre
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