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Posted on 8/24/23 at 7:27 pm to RealDawg
Where?
Posted on 8/24/23 at 7:32 pm to Simplemaaan
quote:
Where?
North Georgia
Walked some parts I never had today and found a camp site, a new spring with good flow and some large boulders.
Meeting with owner tomorrow. Fingers crossed they accept offer.
Feeling incredibly blessed.
This post was edited on 8/24/23 at 7:39 pm
Posted on 8/24/23 at 7:33 pm to RealDawg
Good on you
Posted on 8/24/23 at 7:34 pm to RealDawg
Congrats 
Posted on 8/24/23 at 7:52 pm to RealDawg
Wow!
Posted on 8/24/23 at 7:56 pm to DakIsNoLB
quote:
Just $5k an acre puts it at $350k.
You can get land significantly cheaper than that depending on how far you are from towns/cities.
10 years ago I got 60 acres an 45 minutes from nashville for $2500 an acre. It's worth over double that in 2023, but if you looked 30 minutes farther from Nashville and get 75 acres for under $150k
Posted on 8/24/23 at 7:59 pm to RealDawg
(Pics of the land)
Careful, there are kkk ghosts there.
Careful, there are kkk ghosts there.
Posted on 9/6/23 at 1:06 pm to RealDawg
Just closed on the property. Such a good day.
As follow up- Accountants had us come up with a way to keep it from being an immediate income hit. Essentially, they gave me 20% raise (14% interest and 6% taxes) and I’ll use that money to pay interest only payments back to avoid IRS issues. Apparently you have to charge a minimum amount of IRS defined interest or it’s taxable.
I still get the benefit of 401k increases dollars and Social Security (not that I will ever see that money).
As follow up- Accountants had us come up with a way to keep it from being an immediate income hit. Essentially, they gave me 20% raise (14% interest and 6% taxes) and I’ll use that money to pay interest only payments back to avoid IRS issues. Apparently you have to charge a minimum amount of IRS defined interest or it’s taxable.
I still get the benefit of 401k increases dollars and Social Security (not that I will ever see that money).
Posted on 9/6/23 at 2:47 pm to RealDawg
congrats 
Posted on 9/6/23 at 2:51 pm to RealDawg
That is an awesome feel good story in a world where great bosses are hard to find.
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