Buying land to sell timber - then resale land

Sounds like a dick move to me.

That hasn’t happened since the mid 90’s.

Unless you find an old lady with no family and she doesn’t know what she has

People use to do it.

Land off Choctaw extension before the Central Thrwy was bought by a guy that did not know this who was friends with Frank Sullivan who owned FG Sullivan contractors.

He went bankrupt and Frank Sullivan bought the land. He then sold the timber rights to pay a lot of the land off.

I own timber land in Mississippi that the timber is sold for bridge poles and telephone poles. The trees are managed for long growth compared to other lands for lumber short growth. This land was in my grandmothers family for years and it was paid off except for taxes. This more side income than becoming rich or paying off land.

There is a law in La., 2589, called Lesion Beyond Moeity, which states a Seller can rescind the sale of land or property if he sold it for less than half the fair market value.
I know of a case in NELa in the 80s or 90s where two guys bought a large tract for a ridiculously cheap price, then sold all the timber.
Someone told the Seller about the law and he sued for rescission and the buyers lost.
I don’t remember how it was settled but it cost like hell.
Some lawyers in here might be able to look up how this was settled.

Ask thebowners in FL how that works. I know many that have many many acres covered by fallen trees from the hurricane.
Its unusable. Cant even walk thru it. And the money it will cost to clean uonis staggering, especially if you dont have your own equipment

Still can happen but not as easily as once was due to people becoming more intelligent of land/timber values. You would need a cruise of timber before buying the land/timber and then make sure you can get a logging contractor to cut it. If it is a very small acreage then usually they wont fool with it due to cost of moving machinery, etc to sight.

My family did same in the late 90's on a timber/row tract they had been farming for 30 years. Fella that owned it was ready to die and gave them right of first refusal. It's probably 800 ac+- with 475 ac in row. Paid for itself after the hardwood was cut and sold. Small tract next to my farm that's for sale now but it never will due to logistics and cost to cut such a small area.
Not sure if TMDL has any affect on these properties since i have not heard much talk lately.

I think timber owners need to get more creative and earn more than just 1 or 2% j....easier said than done.

I always felt that timber owners that were on rivers have a great dual-use I come opportunity.

Have you timber cutters cut roads from canoe pickup to put-in. Clear out primitive camping spots. Make roads to deliver fast food, beer and wood. It doesn’t make it primitive anymore but you’re trying to make a profit.

Triple land use would be to also allow hunting with free wake up calls to campers in the morning from the hunters.

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I’ve heard people say “I bought x acres, sold the timber, then fixed up the land and resold for a profit”.

Is this common? I

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It is very common.

Look for terms like "Turn-Key". They usually have food plots planted a few new box stands thrown up. To make it look like "hunters paradise".

When determining what to buy always make sure your realtor knows timber values etc. The best land realtors will usually also be timber cruisers. People are getting smart and getting land and timber valued separately. That should expose a lot of this scam.

I figured with places like GP closing timber prices would be hurt. No clue on where those stand at the moment.

Think this was more common 20-30 years ago. Now land listings include land value and timber. First noticed it here on a 400 acre tract near me listed for 7500/acre. Started asking around and that’s what they had done

ETA: I see everyone else was on the same timeline as me