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re: Where to park $300K for 2-3 years?
Posted on 5/6/13 at 5:13 pm to jimbeam
Posted on 5/6/13 at 5:13 pm to jimbeam
quote:
tell me more. i would LOVE to be able to invest in land once i'm able.
Find some hard clay soil that is no good for farm crops. But pine will grow in it over time and much faster than hard wood. Plant, wait, cut, profit.
Lots of rich families up here in NW La. who made their money on pine timber. Wood is expensive. Try building a new house today and look at the cost of your lumber from the framer.
2
Posted on 5/6/13 at 5:22 pm to Zach
sounds like a good plan. i'm assuming long term futures for wood are still up? I also plan to buy farmland in SWLA just b/c that's how i grew up, even if i just break even over the long run
and do you just get a forest manager to run it for you? how much does that cut into your returns?
and do you just get a forest manager to run it for you? how much does that cut into your returns?
This post was edited on 5/6/13 at 5:24 pm
Posted on 5/6/13 at 8:28 pm to Zach
quote:
Wood is expensive
Since when? I am no expert but my buddy owns about 1000 acres of pine tree farms and he said prices are very very low.
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