re: Timber or black walnuts

I own vacant timberland. I mean I like to hunt but I don’t hunt on the land I own a whole lot. I also am super interested in forest ecology, soil improvement, forestry, so it’s a hobby for me. I got what I still feel like was a pretty good deal — found an estate that was being liquidated and bought it before it hit the market. It’s in the west central area of MS in a good neighborhood, but I don’t think it’s appreciated in value much, though the timber is growing and worth some $. I intend to trade up to more acreage some day. I was only looking for land that had the potential for timber harvest within a 20 yrs or so. Land with poorer timber and in better hunting areas has probably appreciated a little more than mine.

As long as you have a decent amount of cash and are flexible you can make some good money investing in raw land. Taxes play a big part. Price, desirability, and loan inteset are also very important as would be with any investment.

Ive bought and sold (flipped?) raw residential, water front, timber, recreational over the last 10 years and see annualized returns of 20-30%. You have to be flexible and avoid getting attached to your investment. I hunt on my larger tracks with my 8yo son, but am willing to sell tomorrow if someone comes in at market price.

Good luck and enjoy the challenge. With patience and dilligent research it can be fun and very rewarding.