- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: best website for looking to buy hunting property or hunting land in La
Posted on 11/19/19 at 4:52 pm to jimbeam
Posted on 11/19/19 at 4:52 pm to jimbeam
That’s why I spend hours on end. Land on the gulf coast is outrageous. Tenn, Kentucky and Arkansas a pretty budget friendly in comparison. It’s not very hard to find 200-300 acres for $1000 and acre up there.
I’m not even oilfield rich. But I have a military retirement and just 39, so I’m in a position to spend on land and not save every penny I earn for retirement.
I’m not even oilfield rich. But I have a military retirement and just 39, so I’m in a position to spend on land and not save every penny I earn for retirement.
1
Posted on 11/19/19 at 4:54 pm to jimbeam
I ain’t Four Leaf rich lol.
Posted on 11/19/19 at 4:59 pm to choupic
quote:
What is financing like for buying a hunting property. Interest rate(I have 800+), loan term limit, down payment specifically
there are some exceptions but look to put 20% down, can go up to 30 years but will pay higher interest, I would expect 30 year loans to be in the 5.5% range, but if you use a land bank type of institution you will get a refund basically that will amount to about a 1% decrease in your rate
also think of your land purchase as a "tree farm" that you might hunt on rather than a "hunting property" that you may harvest trees off of, set it up as a business , talk to a CPA and make sure you claim all the deductions that you qualify for
Posted on 11/19/19 at 6:23 pm to chew4219
Chew
That’s why we ended up in MS. Land just about anywhere in LA is high as giraffe pussy. I compromised on southern MS as we wanted to relocate as well as use it recreationaly. Paid $1875/acre for my piece. Not including the $7,500 for survey... so be prepared for some big costs besides purchase. Also watch out for mineral rights besides oil/gas. MS decouples minerals for life so oil/gas are pretty much out but sand, gravel, trees etc should be spelled out
That’s why we ended up in MS. Land just about anywhere in LA is high as giraffe pussy. I compromised on southern MS as we wanted to relocate as well as use it recreationaly. Paid $1875/acre for my piece. Not including the $7,500 for survey... so be prepared for some big costs besides purchase. Also watch out for mineral rights besides oil/gas. MS decouples minerals for life so oil/gas are pretty much out but sand, gravel, trees etc should be spelled out
Posted on 11/19/19 at 6:40 pm to jimbeam
quote:I don’t so rest easy baw.
You folks must make more money than me
Posted on 11/19/19 at 6:41 pm to bayoudude
I was a land man my previous job. I’m familiar with mineral law and while that is a concern of mine while choosing the right tract it will not be my deciding factor.
It is definitely and undertaking that’s for sure.
It is definitely and undertaking that’s for sure.
Posted on 11/19/19 at 7:03 pm to Tigerpaw123
We’ve had a good experience with LA Landbank on property we bought up in NELA. Very easy and good to work with.
Posted on 11/20/19 at 4:57 am to LSUvegasbombed
www.nationalland.com
NELa and BRLa offices.
ETA : First South Farm Credit is another very good lending source.
NELa and BRLa offices.
ETA : First South Farm Credit is another very good lending source.
This post was edited on 11/20/19 at 5:13 am
Posted on 11/20/19 at 5:53 am to choupic
quote:
What is financing like for buying a hunting property. Interest rate(I have 800+), loan term limit, down payment specifically
Land loans can be difficult to get. They don’t finance land for 30 years like a home. You may find a lender to do a 20-30 year loan if you’re lucky but it’s rare.
I financed mine for 12 years but I put a sizable down payment. The only reason I was able to do this is because I’m not married (wife past several years ago), I don’t have kids and I had been saving $ for a while because I always wanted a property that I owned outright. Don’t get me wrong, I let my brothers use my property like it is their own but I’ve wanted my own property since I was in early 20s and my goal was to own a 200+ acre track of land before I turned 40. Through the grace of God and all his blessings I was able to do it at age 35.
Posted on 11/20/19 at 6:32 am to Four Leaf Tayback
"What is financing like for buying a hunting property. Interest rate(I have 800+), loan term limit, down payment specifically "
I used Southern Ag Credit for my bank very easy to work with. 20% down 15 year no pre pay penalty, 6.2%
They can walk you though the details.
I was able to do everything over the phone and email.
I would suggest talk to a few realtors and find one to work for you. This will not cost any extra on your side. I used Preston Smith, Of LINK /
He was very helpful walking me though the process.
let me know if you have other questions
I used Southern Ag Credit for my bank very easy to work with. 20% down 15 year no pre pay penalty, 6.2%
They can walk you though the details.
I was able to do everything over the phone and email.
I would suggest talk to a few realtors and find one to work for you. This will not cost any extra on your side. I used Preston Smith, Of LINK /
He was very helpful walking me though the process.
let me know if you have other questions
Posted on 11/20/19 at 7:37 am to Contender01
If you pay those rates right now your getting screwed.
I closed oct 15 on a nice property, 30 yr loan, 4.6% with a 1% patronage return yearly. 5 yr prepayment penalty. Also, used my existing property as equity for the down payment.
La land bank. Ronnie Bennet.
I closed oct 15 on a nice property, 30 yr loan, 4.6% with a 1% patronage return yearly. 5 yr prepayment penalty. Also, used my existing property as equity for the down payment.
La land bank. Ronnie Bennet.
Posted on 11/20/19 at 8:13 am to jimjackandjose
"If you pay those rates right now your getting screwed.
I closed oct 15 on a nice property, 30 yr loan, 4.6% with a 1% patronage return yearly. 5 yr prepayment penalty. Also, used my existing property as equity for the down payment.
La land bank. Ronnie Bennet."
Nice I get the 1% also. and a few other perks. I don't like the Interest rate, but plan on the place being paid off soon, so I went with it
I closed oct 15 on a nice property, 30 yr loan, 4.6% with a 1% patronage return yearly. 5 yr prepayment penalty. Also, used my existing property as equity for the down payment.
La land bank. Ronnie Bennet."
Nice I get the 1% also. and a few other perks. I don't like the Interest rate, but plan on the place being paid off soon, so I went with it
Posted on 11/20/19 at 12:21 pm to LSUvegasbombed
Posted on 11/20/19 at 2:20 pm to jimjackandjose
JimJackandJose, could you please explain a little more about Brown Realty. I used Hopper in Mississippi, but have a family friend who is meeting a agent from Brown's next week and you comment has me concerned for him. Thanks
Posted on 11/20/19 at 4:22 pm to jimjackandjose
You bought another piece besides the one in NELA?
I may have to say screw this upstream industry stuff and go downstream if they are paying that well.
I may have to say screw this upstream industry stuff and go downstream if they are paying that well.
Posted on 11/21/19 at 6:29 am to WillyL
I’m curious myself.
Page 2 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News