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Feb 7th, 2025
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 Re: Looking at purchasing some land
[Re: Txduckman]
#2078367
02/01/11 04:13 PM
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Joined: Jan 2011
Posts: 19,498
Erathkid
THF Celebrity
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THF Celebrity
Joined: Jan 2011
Posts: 19,498 |
Our family has about three hundred acres in eastern erath co.Most of the dairies are closer to Stephenville,Dublin,Morgan,etc.We do have flies,even though the closest dairy is probably 10 miles away.Our neighbor just paid 3450 an acre for 350 acres. as of now we are being taxed on our raw land $1500 acre.Erath is a very desirable county,close to DFW,yet some areas have great hunting,Tarleton state,Jewell and Ty murray,Tuff hedeman,and taxes that are relatively low.I am "Bullish" on Erath.Sorry I could not resist!
Life is too short, as is. Don't chance it.
Don't text and drive.
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Re: Looking at purchasing some land
[Re: Txduckman]
#2078407
02/01/11 04:26 PM
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Joined: Nov 2006
Posts: 990
gary75758
Tracker
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Tracker
Joined: Nov 2006
Posts: 990 |
Had you put the money in the market a few months later you would come close to doubling your money by now. You never know. Land hasn't exactly appreciated in the past 3 years for most locations but you still owe taxes and spend on improvements. If you have the spare cash and get a good price it is a great idea. But over paying and just have enough to pay a note is not a wise investment. Contribute every pay day to market and it has grown but has not doubled...any way...I am leaving my legacy in land not money for my kids....never have seen a "strong box" in a coffin... 
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Re: Looking at purchasing some land
[Re: gary75758]
#2078655
02/01/11 05:28 PM
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Joined: Nov 2006
Posts: 1,599
jaymz
OP
Pro Tracker
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OP
Pro Tracker
Joined: Nov 2006
Posts: 1,599 |
I love the entire area. Eastland, Palo Pinto, Erath, Hamilton, Bosque. I'll take any spot in those counties!
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Re: Looking at purchasing some land
[Re: Txduckman]
#2078807
02/01/11 06:06 PM
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Joined: Mar 2010
Posts: 1,156
BOB7
Pro Tracker
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Pro Tracker
Joined: Mar 2010
Posts: 1,156 |
if i could i would convert my 401k to buying land.
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Re: Looking at purchasing some land
[Re: BOB7]
#2078847
02/01/11 06:21 PM
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Joined: Aug 2004
Posts: 17,746
Txduckman
THF Celebrity
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THF Celebrity
Joined: Aug 2004
Posts: 17,746 |
if i could i would convert my 401k to buying land.
If your plan allows for a portion to go to self-directed (Fidelity does), you can get a custodian to set up a land part and purchase land through your 401K. I am talking my friend into it so I can manage his deer but he wants E. Tex and I want him to get W. Tex. 
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Re: Looking at purchasing some land
[Re: Txduckman]
#2083386
02/02/11 10:14 PM
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Joined: May 2007
Posts: 1,499
JohnRussell
Pro Tracker
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Pro Tracker
Joined: May 2007
Posts: 1,499 |
Duck, pm me info on that!  lol
Hunting is easy..it's getting permission from your wife that is tough.
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