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Choice of land
#7742467
02/10/20 09:31 PM
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Joined: Jan 2008
Posts: 5,574
Leonardo
OP
THF Trophy Hunter
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OP
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Joined: Jan 2008
Posts: 5,574 |
I have a proposal for you guys. If you were to come into a lump sum of money around $1,000,000 to $1,500,000, would you prefer to purchase a single tract of land or multiple parcels over different areas. So lets say you have a choice of 600 acres or two 300 acre tracts. This property would be used for hunting or recreational purposes. Or you could use the funds to travel and hunt multiple species in different areas through outfitters. Interested in the reasoning behind your preferences.
Last edited by Leonardo; 02/10/20 09:34 PM.
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Re: Choice of land
[Re: Leonardo]
#7742470
02/10/20 09:42 PM
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Joined: Jan 2011
Posts: 65,513
SnakeWrangler
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Single large piece with my house in the middle...very good property line fences....
Few neighbors....would be optimal...
I believe in science and I’m an insufferable [censored] Actually, BBC is pretty damn good "You Cannot Simultaneously Be Politically Correct And Intellectually Honest!"
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Re: Choice of land
[Re: Leonardo]
#7742473
02/10/20 09:46 PM
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Joined: Nov 2014
Posts: 7,785
Mr. T.
THF Trophy Hunter
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Joined: Nov 2014
Posts: 7,785 |
If I got 1,500,000, I would spend 1,000,000 on property, 250,000 on equipment and improving the property, 225,000 on hunting with outfitters. And 25,000 on my wife a few diamonds.
Cabin rental in Pagosa Springs, Co. Sleeps 10, If interested please PM me.
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Re: Choice of land
[Re: SnakeWrangler]
#7742474
02/10/20 09:47 PM
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Joined: Oct 2010
Posts: 7,402
TooLow
THF Trophy Hunter
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THF Trophy Hunter
Joined: Oct 2010
Posts: 7,402 |
Single large piece with my house in the middle...very good property line fences....
Few neighbors....would be optimal... X2
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Re: Choice of land
[Re: Leonardo]
#7742475
02/10/20 09:48 PM
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Joined: Oct 2004
Posts: 39,532
redchevy
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I'd go one big piece. If for nothing else you worry about your neighbors and what they are doing less when you more support yourself on a larger tract and no need to divide your time and efforts.
It's hell eatin em live
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Re: Choice of land
[Re: SnakeWrangler]
#7742491
02/10/20 09:58 PM
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Joined: Dec 2011
Posts: 3,568
garyrapp55
Extreme Tracker
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Extreme Tracker
Joined: Dec 2011
Posts: 3,568 |
Single large piece with my house at highest point...very good property line fences....
Few neighbors....would be optimal... You asked for an explanation. Because taking care of a place is a lot of work, I only want one place to maintain. No such thing as too much elbow room. Neighbors further away.
Last edited by garyrapp55; 02/10/20 10:01 PM.
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Re: Choice of land
[Re: Mr. T.]
#7742505
02/10/20 10:17 PM
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Joined: Oct 2012
Posts: 25,229
Creekrunner
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If I got 1,500,000, I would spend 1,000,000 on property, 250,000 on equipment and improving the property, 225,000 on hunting with outfitters. And 25,000 on my wife a few diamonds. Brilliant. I agree totally, although I would have mentioned the wife first.
...and have dominion over the fish of the sea, and over the fowl of the air, and over every living thing that moveth upon the earth. Gen. 1:28
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Re: Choice of land
[Re: redchevy]
#7742530
02/10/20 10:41 PM
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Joined: Aug 2005
Posts: 31,896
txtrophy85
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I'd go one big piece. If for nothing else you worry about your neighbors and what they are doing less when you more support yourself on a larger tract and no need to divide your time and efforts. depends entirely on your neighbors. you can have a 300 acre piece surrounded by a big ranch ( my buddy has a place like this and his hunting is dynamite ) or a 600 acre place with small neighbors ( also have a buddy in this situation and it sucks )
For it is not the quarry that we truly seek, but the adventure.
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Re: Choice of land
[Re: SnakeWrangler]
#7742541
02/10/20 10:50 PM
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Joined: Aug 2016
Posts: 2,451
Dalroo
Veteran Tracker
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Single large piece with my house in the middle...very good property line fences....
Few neighbors....would be optimal... Perfectly stated...
Dalroo Deep in the Heart of Texas How about that Brandon!
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Re: Choice of land
[Re: Leonardo]
#7742569
02/10/20 11:17 PM
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Joined: Aug 2009
Posts: 22,716
BigPig
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I wouldn’t buy any of them. While the idea sounds great, land ownership is a lot of work. I would however find that super nice lease, and use the rest for travel and wild hunting trips.
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Re: Choice of land
[Re: Leonardo]
#7742570
02/10/20 11:23 PM
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Joined: Aug 2005
Posts: 31,896
txtrophy85
THF Celebrity
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Posts: 31,896 |
If I had a lump sum of $1,500,000 It would depend totally on the scenario of what I was gonna do with it. May purchase two different properties may only be one depending on the situation on what I could find out there.
At this point in my life it wouldn't be a forever place so I would want it to be investment grade.
And I would take a hunting trip or 3, probably a sheep or ibex hunt as well as Sonora Mule Deer
For it is not the quarry that we truly seek, but the adventure.
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Re: Choice of land
[Re: SnakeWrangler]
#7742574
02/10/20 11:29 PM
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Joined: Mar 2010
Posts: 12,102
ntxtrapper
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Joined: Mar 2010
Posts: 12,102 |
Single large piece with my house in the middle...very good property line fences....
Few neighbors....would be optimal... ^^^^^^^
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Re: Choice of land
[Re: BigPig]
#7742577
02/10/20 11:36 PM
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Joined: Oct 2012
Posts: 25,229
Creekrunner
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Posts: 25,229 |
I wouldn’t buy any of them. While the idea sounds great, land ownership is a lot of work. I would however find that super nice lease, and use the rest for travel and wild hunting trips. Au contraire Ocifer - Nothing beats owning your own piece of Texas where you can say...
...and have dominion over the fish of the sea, and over the fowl of the air, and over every living thing that moveth upon the earth. Gen. 1:28
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Re: Choice of land
[Re: Leonardo]
#7742585
02/10/20 11:44 PM
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Joined: Apr 2005
Posts: 43,845
Stub
THF Celebrity
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Joined: Apr 2005
Posts: 43,845 |
A single piece of land as far out in the country as possible with the house just far enough away from the entry to where it cannot be seen and have large landowner neighbors too
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Re: Choice of land
[Re: Stub]
#7742593
02/10/20 11:50 PM
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Joined: Sep 2012
Posts: 15,957
Jimbo1
THF Celebrity
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Joined: Sep 2012
Posts: 15,957 |
At my age and physical shape, I would buy a nice lake house for my primary residence and continue leasing for hunting. I have unlimited access to 480 acres that I don't have to worry about fixing fences and such!
FJB - Lets Go Brandon BBB - Bring Back Better Awake - Not Woke!
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Re: Choice of land
[Re: Leonardo]
#7742600
02/10/20 11:57 PM
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Joined: Mar 2019
Posts: 338
RPG1997
Bird Dog
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Bird Dog
Joined: Mar 2019
Posts: 338 |
$500,000 on a piece of land, $500,000-$1,000,000 (whatever the total amount of money I would come across is) invested to ensure my future.
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Re: Choice of land
[Re: Leonardo]
#7742611
02/11/20 12:12 AM
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Joined: Jul 2006
Posts: 110,795
dogcatcher
THF Celebrity
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I would look for about a section near Hord's Creek Lake or Lake Coleman in Coleman county or near Hubbard Creek Lake. Find a young rancher and make him a hell of a deal to lease it for cattle. Build a small about 1500 square feet adobe house, using a technique called burlap concrete. Then build 2 tower deer blinds that would look sort of like this. https://tinyhousetalk.com/stone-tower-cabin-croatia/ But only 12 foot in diameter and fully self contained with heat and air, plumbing etc. 2 story with parapet designed roof area.
Combat Infantryman, the ultimate hunter where the prey shoots back. _____________"Illegitimus non carborundum est"_______________
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Re: Choice of land
[Re: Leonardo]
#7742612
02/11/20 12:13 AM
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Joined: Nov 2011
Posts: 9,900
unclebubba
THF Trophy Hunter
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THF Trophy Hunter
Joined: Nov 2011
Posts: 9,900 |
Situation depends, but I kinda like the idea of 300-400K on a lake house, and the rest on land.
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Re: Choice of land
[Re: Leonardo]
#7742619
02/11/20 12:18 AM
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Joined: Jul 2011
Posts: 9,968
Old Rabbit
THF Trophy Hunter
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Joined: Jul 2011
Posts: 9,968 |
At my age I would purchase $1,500,000.00 in school bonds paying 3% tax free giving me $45,000.00 a year to have one heck of a lease. Use the rest on what ever my wife wanted. Set up a trust fund to leave the money to my kids when we have drawn our last breath. If I was still young I would purchase land somewhere and start working on a hunting paradise.
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Re: Choice of land
[Re: Leonardo]
#7742691
02/11/20 01:45 AM
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Joined: Feb 2008
Posts: 12,221
Grizz
THF Celebrity
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Joined: Feb 2008
Posts: 12,221 |
I would prefer one bigger piece of property over two smaller ones. Two places to maintain and split my time between is just more than I would want to get involved in.
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Re: Choice of land
[Re: Leonardo]
#7742706
02/11/20 02:12 AM
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Joined: Mar 2013
Posts: 3,536
BayouGuy
Extreme Tracker
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Extreme Tracker
Joined: Mar 2013
Posts: 3,536 |
I would buy new socks and underwear.
If you can't laugh at yourself, give me a call. I'll gladly laugh at you. "I keep trying to see Nancy Pelosi's and Chuck Schumer's point of view, but I can't seem to get my head that far up my [censored]." Senator John Kennedy, Louisiana
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Re: Choice of land
[Re: Leonardo]
#7742707
02/11/20 02:13 AM
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Joined: Apr 2007
Posts: 12,254
deerfeeder
THF Celebrity
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Joined: Apr 2007
Posts: 12,254 |
Either way, at the rate things are going it wouldn't take too many years to be "tax poor." Property taxes are eating lots of folks alive. You almost have to an exemption and a way to make money of the land.
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Re: Choice of land
[Re: Leonardo]
#7742723
02/11/20 02:35 AM
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Joined: Dec 2006
Posts: 9,154
KWood_TSU
THF Trophy Hunter
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THF Trophy Hunter
Joined: Dec 2006
Posts: 9,154 |
Probably spend .5-.75 mil on some green timber in east Louisiana or Arkansas for ducks that's been proven. Spend 75k or so on a duck camp. Probably 25k on a boat. Then save a little for improvements on the land if needed. And then use the rest to travel and hunt all north American waterfowl species and maybe even some overseas.
Amat Victoria Curam - Victory Loves Preparation
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Re: Choice of land
[Re: Leonardo]
#7742764
02/11/20 03:30 AM
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Joined: Nov 2010
Posts: 29,609
SapperTitan
Taking Requests
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Taking Requests
Joined: Nov 2010
Posts: 29,609 |
I would lease a large piece of land 10K acres or so. That way I could enjoy the land and all it has to offer but not worry about taxes, fence repair, road repair, and so on so fourth. I would be the only leasee so my rules as far as bringing friends, family or other guest and my choice on what gets shot and what doesn't. All the benefits of owning a ranch with none of the headaches.
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Re: Choice of land
[Re: Leonardo]
#7742819
02/11/20 11:18 AM
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Joined: Apr 2005
Posts: 43,845
Stub
THF Celebrity
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Joined: Apr 2005
Posts: 43,845 |
Lets say you get the $1,500,000 and land is $2,500 acre = 600 acres. I would consider buying two pieces of land. Main 500 acres where the house is set up for deer hunting and another 100 acres pretty close that is setup for Dove and Duck hunting
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Re: Choice of land
[Re: Stub]
#7742825
02/11/20 12:06 PM
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Joined: Jan 2010
Posts: 22,997
fadetoblack64
giddyup
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giddyup
Joined: Jan 2010
Posts: 22,997 |
I would probably leverage what might be 600 acres paid for, and with 1.5 million cash downpayment and get 6k acres
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Re: Choice of land
[Re: Leonardo]
#7742828
02/11/20 12:31 PM
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Joined: Jun 2006
Posts: 8,321
Dave Davidson
THF Trophy Hunter
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Joined: Jun 2006
Posts: 8,321 |
It all depends and I'm assuming that you want to live there.
At a certain age, you need to be reasonably close to a good hospital.
Take a look at the neighbors.
Without a sense of urgency, nothing ever happens.
Boy, if I say "sic em", you'd better look for something to bite. Sam Shelley, Rancher Muleshoe Texas 1892-1985 RIP
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Re: Choice of land
[Re: fadetoblack64]
#7742844
02/11/20 01:06 PM
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Joined: Apr 2005
Posts: 43,845
Stub
THF Celebrity
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Joined: Apr 2005
Posts: 43,845 |
I would probably leverage what might be 600 acres paid for, and with 1.5 million cash downpayment and get 6k acres Sounds great but how will you make the payments on the balance of your loan?
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Re: Choice of land
[Re: Leonardo]
#7743004
02/11/20 04:31 PM
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Joined: Jan 2008
Posts: 5,574
Leonardo
OP
THF Trophy Hunter
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OP
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Joined: Jan 2008
Posts: 5,574 |
Appreciate reading everyone's thoughts and perspectives. Hoping this becomes a reality in short order. Kind of surprised that the consensus is the single larger tract as I was leaning towards multiple tracts. Primarily not having all my eggs in one basket per se. While 500 to 600 acres is a nice piece of land I don't think it would really satisfy what my hunting priorities would be, I don't intend to live there anytime in the near future. I have kids in school, parents to see after, and being 38 I still need my job for the foreseeable future.
For me the tempting part of having multiple tracts would be the diversity of terrain, game, genetics, ect.. Multiple opportunities to harvest since I would make sure they were in different counties. I am sure after time I would find myself at one place more than the other and then I could potentially recoup my investment. Just thinking out loud and wanted to see what other like minded people would do.
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Re: Choice of land
[Re: Leonardo]
#7743018
02/11/20 04:57 PM
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Joined: Aug 2005
Posts: 31,896
txtrophy85
THF Celebrity
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THF Celebrity
Joined: Aug 2005
Posts: 31,896 |
Appreciate reading everyone's thoughts and perspectives. Hoping this becomes a reality in short order. Kind of surprised that the consensus is the single larger tract as I was leaning towards multiple tracts. Primarily not having all my eggs in one basket per se. While 500 to 600 acres is a nice piece of land I don't think it would really satisfy what my hunting priorities would be, I don't intend to live there anytime in the near future. I have kids in school, parents to see after, and being 38 I still need my job for the foreseeable future.
For me the tempting part of having multiple tracts would be the diversity of terrain, game, genetics, ect.. Multiple opportunities to harvest since I would make sure they were in different counties. I am sure after time I would find myself at one place more than the other and then I could potentially recoup my investment. Just thinking out loud and wanted to see what other like minded people would do. Buy land as investment property, hunt and enjoy it then sell at a profit. If you want to talk further about it PM me. I do it for a living
For it is not the quarry that we truly seek, but the adventure.
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Re: Choice of land
[Re: Leonardo]
#7743019
02/11/20 04:59 PM
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Joined: Nov 2011
Posts: 9,900
unclebubba
THF Trophy Hunter
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THF Trophy Hunter
Joined: Nov 2011
Posts: 9,900 |
Oh! So this isn't just a pie in the sky hypothetical, this is really happening for you? Congrats if so. I would only consider two pieces of property if I was after two separate species that do not overlap on range, or it is not very practical to hunt them both on the same property. I.e. - Let's say I wanted to hunt quail and Whitetail. Although I could find land that both species occupy, I would want my deer land closer to home. If I could find all species on one property that I wanted to hunt, and it was close enough to home, then, I would go with one piece of property. As others have said, easier to manage.
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Re: Choice of land
[Re: Leonardo]
#7743024
02/11/20 05:04 PM
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Joined: Jul 2019
Posts: 14,149
Hudbone
THF Celebrity
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Joined: Jul 2019
Posts: 14,149 |
It's hard to support two mistresses. If it were me, it would be one piece that would be taken care of extremely well.
I always thought it would be in South Texas, but as I get older somewhere near Mountain Home and closer to Divide & Garvens Store sounds real good to me. As well as anything out that way with a lil' river frontage.
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Re: Choice of land
[Re: Hudbone]
#7743039
02/11/20 05:19 PM
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Joined: Jan 2010
Posts: 22,997
fadetoblack64
giddyup
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giddyup
Joined: Jan 2010
Posts: 22,997 |
Make sure your realtor drives a Lincoln town car................real classy.
PS.............let me know if you need any help buying something. We will get a box of chillable red and find something good.
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Re: Choice of land
[Re: Leonardo]
#7743047
02/11/20 05:23 PM
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Joined: Sep 2012
Posts: 12,860
PMK
THF Celebrity
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THF Celebrity
Joined: Sep 2012
Posts: 12,860 |
if wishes were fishes, I'd be a ring-tailed tutor ... but I guess I could dream. probably split into 2 properties, one waterfront on Lake LBJ and then a small ranch within an hour or so driving distance of the lake house.
"everyone that lives dies but not everyone who dies lived..."
~PMK~
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Re: Choice of land
[Re: unclebubba]
#7743100
02/11/20 06:32 PM
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Joined: Jan 2008
Posts: 5,574
Leonardo
OP
THF Trophy Hunter
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OP
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Joined: Jan 2008
Posts: 5,574 |
Oh! So this isn't just a pie in the sky hypothetical, this is really happening for you? Congrats if so. I would only consider two pieces of property if I was after two separate species that do not overlap on range, or it is not very practical to hunt them both on the same property. I.e. - Let's say I wanted to hunt quail and Whitetail. Although I could find land that both species occupy, I would want my deer land closer to home. If I could find all species on one property that I wanted to hunt, and it was close enough to home, then, I would go with one piece of property. As others have said, easier to manage. It has a real good chance of becoming reality. We will see how much I have left when uncle sam is paid in full, college tuitions are set aside, retirement, ect… I thought owning a larger piece of Texas would be an easy conclusion but honestly its becoming harder to convince myself it is the right decision. I have always leased larger tracts to hunt and I don't know if I will be content owning and hunting a smaller place. Also I kind of like the freedom to roam. Never thought I was a commitment phobe but evidently I might be.
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Re: Choice of land
[Re: Leonardo]
#7743107
02/11/20 06:36 PM
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Joined: Jan 2010
Posts: 22,997
fadetoblack64
giddyup
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giddyup
Joined: Jan 2010
Posts: 22,997 |
Then don't do anything..............sooner or sooner the economy will go bust and your money will go further. Just remember TX is just one state..........lots of other places even out of the USA
You got time.
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Re: Choice of land
[Re: fadetoblack64]
#7743115
02/11/20 06:40 PM
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Joined: Aug 2009
Posts: 22,716
BigPig
THF Celebrity
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Posts: 22,716 |
Then don't do anything..............sooner or sooner the economy will go bust and your money will go further. Just remember TX is just one state..........lots of other places even out of the USA
You got time. I’d be looking at how to turn that 1.5million into 3million. I don’t consider that enough money to support a large piece of land (600 acres in this case) unless said land only cost $500,000. If I found lease for $10,000 a year, I could pay for that lease for 150 years with that money. I’d much rather make that money work for me then spend it on land and work for it. Just my
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Re: Choice of land
[Re: Leonardo]
#7743506
02/12/20 12:28 AM
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Joined: May 2011
Posts: 28,014
skinnerback
THF Celebrity Chef
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THF Celebrity Chef
Joined: May 2011
Posts: 28,014 |
Me personally, I would buy one good sized property in S Texas. Build a nice barndominium on it, and improve the heck out of it - keeping it to hand down to my kids and grandkids for future generations to hunt on. I would leave enough for a small fishing shack in Rockport, a new bay boat, and some maintenance money.
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Re: Choice of land
[Re: Leonardo]
#7743899
02/12/20 03:02 PM
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Joined: Aug 2014
Posts: 2,136
EddieWalker
Veteran Tracker
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Veteran Tracker
Joined: Aug 2014
Posts: 2,136 |
Need more information. Do you want to be able to hunt just one or two species the rest of your life from that money? Buy land and shoot a few whitetails and hogs every year? Do you live where you want to retire and live the rest of your life or will you want to live on this piece of land? Do you have the cash, and do you want to spend the money on taxes and upkeep on the land after you buy it? If you had the land, how often would you use it?
For me, I would want enough land to be able to enjoy the scenery and not have to deal with neighbors. But I would want to be close enough to services that if I wanted a six pack, I could get one, or gasoline, or go to the doctor. I would not want to buy land and not live on it. I also like to hunt different places and add different species to my collection. I've only shot one whitetail in my life and don't know if I'll ever shoot another. I hunt every year, but haven't seen a shooter in 20 years and doubt that one exists here. I do shoot hogs fairly often, but have become bored with them. They are for target practice and coyote bait, but would prefer if they didn't exist at all. So I would want a house with a trophy room big enough to last the rest of my life of constant hunting all over the place. I would want a big workshop that I can do what I want in there and not run out of space.
Financially, if you invested the cash with a good, reputable firm, odds are very good that you will make a lot more money in the market then you will in buying land. How long will the value of the land double compared to how long it will double in your retirement fund?
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Re: Choice of land
[Re: Leonardo]
#7743960
02/12/20 03:59 PM
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Joined: Nov 2017
Posts: 1,239
QMC SW/EXW
Pro Tracker
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Pro Tracker
Joined: Nov 2017
Posts: 1,239 |
I'd buy a 100 acres or so in a good area with good habitat and put the rest in a good investment portfolio.
Retired Navy Chief NJROTC Instructor for Tascosa High School
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Re: Choice of land
[Re: Leonardo]
#7744280
02/12/20 10:18 PM
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Joined: Aug 2011
Posts: 1,673
bp3
Pro Tracker
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Pro Tracker
Joined: Aug 2011
Posts: 1,673 |
For that kind of coins I would hunt with outfitters in the rockies, already have land in Texas to hunt the over grown jack rabbits.
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Re: Choice of land
[Re: Leonardo]
#7750686
02/19/20 10:08 PM
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Joined: Jan 2016
Posts: 369
270Sendero
Bird Dog
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Bird Dog
Joined: Jan 2016
Posts: 369 |
My dad went with 2 properties. 950 acres in Jack county and 635 in Concho county. Concho is an investment, Jack property is a forever property. After a couple of years he quit going to the Concho county property and spends his time in Jack county. I maintain the Concho place and run it like it’s mine, and it seems to work. 2 properties is a LOT of work, so I would definitely recommend one large parcel over multiple properties.
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Re: Choice of land
[Re: Leonardo]
#7751042
02/20/20 03:08 AM
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Joined: Apr 2007
Posts: 60,414
BOBO the Clown
kind of a big deal
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kind of a big deal
Joined: Apr 2007
Posts: 60,414 |
I have a proposal for you guys. If you were to come into a lump sum of money around $1,000,000 to $1,500,000, would you prefer to purchase a single tract of land or multiple parcels over different areas. So lets say you have a choice of 600 acres or two 300 acre tracts. This property would be used for hunting or recreational purposes. Or you could use the funds to travel and hunt multiple species in different areas through outfitters. Interested in the reasoning behind your preferences.
Income producing farm land, either lease or crop share on 1/3’s. Equity and cash revenue.... it’s not recession proof but historically safer. Good irrigated land section w/4 pivots, is 50k-70k Mail box money , pull 10k for maintance money and you Have a pretty nice hunting budget.
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Re: Choice of land
[Re: BigPig]
#7752258
02/21/20 05:13 AM
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Joined: Dec 2010
Posts: 8,841
DocHorton
THF Trophy Hunter
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THF Trophy Hunter
Joined: Dec 2010
Posts: 8,841 |
I’d be looking at how to turn that 1.5million into 3million. I don’t consider that enough money to support a large piece of land (600 acres in this case) unless said land only cost $500,000. I’d much rather make that money work for me then spend it on land and work for it. Just my I agree with this. Personally I'd take the cash, buy one or two investment properties, and let the cash flow pay for the land. With $1.0-1.5M you could generate $60-120k per year in cash flow....basically you could own investment property and get the land for free. As far as one or two properties I would pick one larger rather than two smaller....less work and upkeep/maintenance, also easier to manage for hunting.
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Re: Choice of land
[Re: Leonardo]
#7752317
02/21/20 12:24 PM
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Joined: Dec 2017
Posts: 2,823
RattlesnakeDan
Veteran Tracker
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Veteran Tracker
Joined: Dec 2017
Posts: 2,823 |
600 acres in open rocky country seems a bit small when you are on it and 300 acres in the thick wooded or brush area seems very large. You obviously have children and I assume the future of where the property goes comes into account. Do your children really want a piece of land 500 miles away that they will just sell as soon as you are gone? I have no children to leave anything to so I would buy a smaller ranch with privacy, some whitetail, hogs and turkey to enjoy and invest the rest somewhere that would keep paying me back annually or monthly.
Just like Jesus, sometimes you gotta kill some hogs. Lone Star Mesquite . com RattleSnake Dan's Shredding Service
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Re: Choice of land
[Re: RattlesnakeDan]
#7752406
02/21/20 01:57 PM
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Joined: Dec 2010
Posts: 8,841
DocHorton
THF Trophy Hunter
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THF Trophy Hunter
Joined: Dec 2010
Posts: 8,841 |
600 acres in open rocky country seems a bit small when you are on it and 300 acres in the thick wooded or brush area seems very large. You obviously have children and I assume the future of where the property goes comes into account. Do your children really want a piece of land 500 miles away that they will just sell as soon as you are gone? I have no children to leave anything to so I would buy a smaller ranch with privacy, some whitetail, hogs and turkey to enjoy and invest the rest somewhere that would keep paying me back annually or monthly. Two great points. I would never own land more than 2.5 hours away, preferably 2 hours or less. Both of mine are less than 2 hours and it's not bad at all to drive down in the morning, work during the day, and drive back home in the evening, and I get to go so much more. It's so nice to have a place close.
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Re: Choice of land
[Re: RattlesnakeDan]
#7752474
02/21/20 03:05 PM
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Joined: Apr 2007
Posts: 60,414
BOBO the Clown
kind of a big deal
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kind of a big deal
Joined: Apr 2007
Posts: 60,414 |
600 acres in open rocky country seems a bit small when you are on it and 300 acres in the thick wooded or brush area seems very large. You obviously have children and I assume the future of where the property goes comes into account. Do your children really want a piece of land 500 miles away that they will just sell as soon as you are gone? I have no children to leave anything to so I would buy a smaller ranch with privacy, some whitetail, hogs and turkey to enjoy and invest the rest somewhere that would keep paying me back annually or monthly. If you raise your kids to love it, they won’t sell it. I’m 5 generation. I’ve expanded and I’m 500 miles from my ranch
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Re: Choice of land
[Re: BOBO the Clown]
#7752502
02/21/20 03:26 PM
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Joined: Jan 2008
Posts: 5,574
Leonardo
OP
THF Trophy Hunter
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OP
THF Trophy Hunter
Joined: Jan 2008
Posts: 5,574 |
I have a proposal for you guys. If you were to come into a lump sum of money around $1,000,000 to $1,500,000, would you prefer to purchase a single tract of land or multiple parcels over different areas. So lets say you have a choice of 600 acres or two 300 acre tracts. This property would be used for hunting or recreational purposes. Or you could use the funds to travel and hunt multiple species in different areas through outfitters. Interested in the reasoning behind your preferences.
Income producing farm land, either lease or crop share on 1/3’s. Equity and cash revenue.... it’s not recession proof but historically safer. Good irrigated land section w/4 pivots, is 50k-70k Mail box money , pull 10k for maintance money and you Have a pretty nice hunting budget. This idea has peaked my interest.
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Re: Choice of land
[Re: DocHorton]
#7752506
02/21/20 03:29 PM
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Joined: Jan 2008
Posts: 5,574
Leonardo
OP
THF Trophy Hunter
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OP
THF Trophy Hunter
Joined: Jan 2008
Posts: 5,574 |
I’d be looking at how to turn that 1.5million into 3million. I don’t consider that enough money to support a large piece of land (600 acres in this case) unless said land only cost $500,000. I’d much rather make that money work for me then spend it on land and work for it. Just my I agree with this. Personally I'd take the cash, buy one or two investment properties, and let the cash flow pay for the land. With $1.0-1.5M you could generate $60-120k per year in cash flow....basically you could own investment property and get the land for free. As far as one or two properties I would pick one larger rather than two smaller....less work and upkeep/maintenance, also easier to manage for hunting. That part is already taken care of. I have plenty of investments and income to support whatever I decided to purchase. But the return vs the initial cash outlay seems well worth consideration.
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Re: Choice of land
[Re: RattlesnakeDan]
#7752513
02/21/20 03:34 PM
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Joined: Jan 2008
Posts: 5,574
Leonardo
OP
THF Trophy Hunter
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OP
THF Trophy Hunter
Joined: Jan 2008
Posts: 5,574 |
600 acres in open rocky country seems a bit small when you are on it and 300 acres in the thick wooded or brush area seems very large. You obviously have children and I assume the future of where the property goes comes into account. Do your children really want a piece of land 500 miles away that they will just sell as soon as you are gone? I have no children to leave anything to so I would buy a smaller ranch with privacy, some whitetail, hogs and turkey to enjoy and invest the rest somewhere that would keep paying me back annually or monthly. This right here is the main reason for my post. My current lease is 1500 acres, last lease was 2500, I live on 240 acres, so buying a single piece of land 500 to 600 acres really won't satisfy my appetite when it comes to using the land for hunting. The thought process behind buying two pieces of property has more to do with diversity between the two properties. Multiple tags, different target species, different parts of the state or even a different state ect… If my kids decided they wanted the property or showed enough interest then great, can always sell it and let them inherit the cash.
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Re: Choice of land
[Re: Leonardo]
#7752839
02/21/20 09:26 PM
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Joined: Jan 2012
Posts: 9,185
hook_n_line
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jan 2012
Posts: 9,185 |
500 acres in south Texas and 200 in Central Texas. Lot of work but would keep things interesting.
Sometimes it's hard being me! But somebody has to do it.
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Re: Choice of land
[Re: Leonardo]
#7753025
02/22/20 12:29 AM
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Joined: Feb 2011
Posts: 4,240
Erny
Extreme Tracker
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Extreme Tracker
Joined: Feb 2011
Posts: 4,240 |
Would by a nice track of land say $1 million. Spend the rest on guided hunts around the world. 300 k would cover 10 once in a lifetime trips for things like Elephant,leopard, lion, brown bear, sheep, Ibex in Spain, etc..
Last edited by Erny; 02/22/20 12:29 AM.
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Re: Choice of land
[Re: Leonardo]
#7754502
02/23/20 11:07 PM
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Joined: Apr 2007
Posts: 60,414
BOBO the Clown
kind of a big deal
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kind of a big deal
Joined: Apr 2007
Posts: 60,414 |
I have a proposal for you guys. If you were to come into a lump sum of money around $1,000,000 to $1,500,000, would you prefer to purchase a single tract of land or multiple parcels over different areas. So lets say you have a choice of 600 acres or two 300 acre tracts. This property would be used for hunting or recreational purposes. Or you could use the funds to travel and hunt multiple species in different areas through outfitters. Interested in the reasoning behind your preferences.
Income producing farm land, either lease or crop share on 1/3’s. Equity and cash revenue.... it’s not recession proof but historically safer. Good irrigated land section w/4 pivots, is 50k-70k Mail box money , pull 10k for maintance money and you Have a pretty nice hunting budget. This idea has peaked my interest. Feel free to PM and I can walk you through what I have done.
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