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Started By
Message
re: MS River Equity Club
Posted on 8/12/17 at 6:27 pm to MississippiTiger
Posted on 8/12/17 at 6:27 pm to MississippiTiger
What kind of financing is typically available for something like this? Land loan?
3
Posted on 8/12/17 at 6:31 pm to wickowick
The banks around here will take your stock in the club as collateral. They usually want 15-20% down. 10-20 year payouts are available. Of course it all depends on your financials.
Posted on 8/12/17 at 7:03 pm to GREENHEAD22
Green head
I stumbled across it on landwatch. It was listed for 1900 an acre offered them slightly less. It was also listed for three acres more than it surveyed. Had no idea survey work on a large parcel was that damn expensive lol. Hadn't been for sale long and was listed through richton tie and timber
I stumbled across it on landwatch. It was listed for 1900 an acre offered them slightly less. It was also listed for three acres more than it surveyed. Had no idea survey work on a large parcel was that damn expensive lol. Hadn't been for sale long and was listed through richton tie and timber
Posted on 8/12/17 at 7:10 pm to wickowick
Email me at gmail - I know a guy and he is good.
Posted on 8/12/17 at 7:21 pm to bayoudude
quote:
survey work on a large parcel was that damn expensive
I'm curious. 2k?
Posted on 8/12/17 at 7:25 pm to Chuker
$7,500
Posted on 8/12/17 at 7:40 pm to KillTheGophers
quote:
Email me at gmail - I know a guy and he is good.
Not for me, I was just curious. That property isn't managed for woodcock, quail or pheasants so I'm not interested...
Posted on 8/12/17 at 8:44 pm to bayoudude
$7,500 is not a bad price for that amount of acreage if it's got a PLS stamp on it.
Posted on 8/12/17 at 8:59 pm to Gillnet
quote:
Also, the lump sum government payment has been issued and divided among existing members at time of payment.
Just curious, what is the government payment based on? Is this farm land you are talking about? What kind of crops. What is the government payment per acre?
Posted on 8/12/17 at 9:03 pm to wickowick
quote:
What kind of financing is typically available for something like this? Land loan?
Some of you guys need to look into putting your IRA into land. Instead of making a stock purchase for an IRA contribution you make a land payment. There are companies that specialize in this. IRA's are not just for stocks.
Posted on 8/12/17 at 9:06 pm to highcotton2
quote:
land payment. There are companies that specialize in this. IRA's are not just for stocks.
Explain ...
Posted on 8/12/17 at 9:16 pm to geauxcats10
LINK
You get a loan to buy land and the land payment counts as you IRA payment which is tax deductible.
You get a loan to buy land and the land payment counts as you IRA payment which is tax deductible.
This post was edited on 8/12/17 at 9:19 pm
Posted on 8/12/17 at 10:24 pm to highcotton2
HC2 - do you know any good custodians in Louisiana?
Posted on 8/13/17 at 8:27 am to KillTheGophers
quote:
HC2 - do you know any good custodians in Louisiana?
No. But the trustee that handles it for you does not necessarily have to be in your state. I don't really know all the details of how it works. I do know a guy that had all his retirement money sitting in an account and he ended up buying a 700 acre farm in Illinois that is full of big deer. Part of the land rent that the farm brings in counts as his IRA contribution every year. He did it to enjoy the deer hunting rights but legally I am not real sure he is supposed to be hunting it until he retires. Still a good way to invest in land which normally does just as good as stocks. Stocks can go to zero but with land you still have the actual land.
Posted on 8/13/17 at 8:36 am to MississippiTiger
Just curious as to what kind of salary a caretaker makes on a setup like this? Is he allowed to hunt also?
Posted on 8/13/17 at 8:45 am to BIGTIMETIGER
quote:
Just curious as to what kind of salary a caretaker makes on a setup like this? I
Typically it is a retired couple. You provide them a house to live in. They pay utilities on the own house. You then pay him $1000 to $1500 per month. His wife makes a little extra to help with the cooking and cleaning of the lodge on big hunting weekends.
And no, you want a caretaker who doesn't hunt.
Posted on 8/13/17 at 8:55 am to highcotton2
I am going to have to look into that for my dad, we have thrown around the idea of purchasing land together.
Posted on 8/13/17 at 9:23 am to BIGTIMETIGER
If it seems too good to be true it probably is 
Posted on 8/13/17 at 9:38 am to jimbeam
That caretaker job is thankless. Instead of working for one man, you work for a bunch of them. All of them successful and like things done their way.
Posted on 8/14/17 at 6:49 pm to MississippiTiger
Is there a web sight or anything with more information? Would each participant have to build their own camp? If so would there be stipulations and such, I guess like a HOA?
Also, will it be bow hunting only? I've hunted willow point before she sold it. Now I hunt plenty (too much at TARA). I could put my money towards something else.
Also, will it be bow hunting only? I've hunted willow point before she sold it. Now I hunt plenty (too much at TARA). I could put my money towards something else.
This post was edited on 8/14/17 at 7:46 pm
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