Good place to invest in recreational property

[tdhanses]

Not wondering why, but rather how. When I was 30 years from retirement, with a college education and no college debt mind you, I didn't have 20 bucks in my wallet. You're a lucky person.

We all are on different paths and different incomes, I busted ass in corporate at a desk, it’s paid well, I’ve also saved since I was 16, took a divorce to start doing what I want. There are far more people much more successful then I and people with a goal of retirement at 55, I plan to retire around 65 if not later, can’t imagine not working, may even never retire fully.

 

[Newtosavage]

....but for $100k? Are you talking down payment?

Seems to me you have to add a zero to that to get something nice.
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LOL

 

[Akwoodchuck]

North Idaho....I wouldn't put money on anything that doesn't have abundant fresh water in area....sea of sagebrush no thanks....

 

[Marble]

Guess I’d do the opposite I mean look at land values in CA, based on your logic CO will be a gold mine to landowners In 20 years.

That's true. I could see prices in the slightly rural bedroom communities double by that time. But like said above, I won't buy a house based on its value or price. I consider it, but not for investment purposes. Its more of the question of what can i afford? What am I willing to spend? Where do I want to live? Answer all those and use the info to make a decision.

I will make a substantial amount of money off of my current house, but it will just be rolled into another property. I doubt I will ever spend any of the money in my house on anything other than real estate that I live in.

So I won't buy something somewhere because I beleive the market will go up or go down. I'll buy because its where I want to live. Its my home. But since I own it, if I pay it off, then that money gets invested.

The average everyday millionaire pays off their home in something close to 11 years. They then continue to invest in larger portions and make more and more money.

 

[Marble]

Well CA is infiltrating Austin and the surrounding areas, so CO is no different in that regard I guess.

I've got friends there that have said that. Its a shame that every person from CA gets out into the liberal category.

 

[Marble]

Im watching this thread intently...and not seeing much.

I'm also considering buying a ranch, farm or recreation property....but for $100k? Are you talking down payment?

Seems to me you have to add a zero to that to get something nice.

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That's what my wife and I were thinking.

 

[mproberts]

Depends on where you live but I would want it fairly close to home. Otherwise you are buying recreational land for trespassers to enjoy.

I recently bought ~220 acres 2203 miles from where I live and haven't had an issue with trespassers. I befriended the neighbors and keep in touch with them often, so they are always watching the property. I also permitted a local law enforcement officer to hunt the property, so if anyone decided to trespass they would immediately be prosecuted. I try to visit for a week in the spring and fall to hunt. It doesn't hurt me any allowing someone else the ability to hunt it, if anything it's super helpful having everything squared away on the property and scouting information in hand when I come to hunt. Every situation is what you make of it and I wouldn't let distance deter you.

 

[180splitg3]

I was looking at some property and came across this - looks pretty neat for $100k. I know nothing about the game in this area but though I'd share

45.8 acres, Beulah, CO, Property ID: 9697663 | Land and Farm

Little Owl Canyon Ranch Southeast, 45.8 acres in Beulah, Colorado offered at $100,000. View 15 photos, read details, and contact the seller.

www.landandfarm.com

 

[Newtosavage]

I've got friends there that have said that. Its a shame that every person from CA gets out into the liberal category.

Well, they get that label from the trumpets around here. I'm sure they aren't all left wing nutjobs, and considering they are leaving CA, that may be a sign they aren't. But in TX, anyone who wants to live in the Austin area automatically gets the "liberal" label from the majority of rural folk.

Austin area has a lot going for it, but it's way too many people for me - politics aside - and the area around downtown and the UT campus sure looks like parts of Portland that I've been to.

 

[Newtosavage]

I recently bought ~220 acres 2203 miles from where I live and haven't had an issue with trespassers. I befriended the neighbors and keep in touch with them often, so they are always watching the property. I also permitted a local law enforcement officer to hunt the property, so if anyone decided to trespass they would immediately be prosecuted. I try to visit for a week in the spring and fall to hunt. It doesn't hurt me any allowing someone else the ability to hunt it, if anything it's super helpful having everything squared away on the property and scouting information in hand when I come to hunt. Every situation is what you make of it and I wouldn't let distance deter you.

Good advice.

 

[Newtosavage]

I recently bought ~220 acres 2203 miles from where I live and haven't had an issue with trespassers. I befriended the neighbors and keep in touch with them often, so they are always watching the property. I also permitted a local law enforcement officer to hunt the property, so if anyone decided to trespass they would immediately be prosecuted. I try to visit for a week in the spring and fall to hunt. It doesn't hurt me any allowing someone else the ability to hunt it, if anything it's super helpful having everything squared away on the property and scouting information in hand when I come to hunt. Every situation is what you make of it and I wouldn't let distance deter you.

If we do something like that, I'd love to have a place that gives me access to some NF. I'm sure that's a daydream though.

 

[Rich M]

It really is about being able to use the land. Buy something within say 5 hrs of home and use the heck out of it.

 

[rtaylor]

With the market as volatile as it is I don't think I would buy land on the short term. I'd only be looking at land that I was willing to hold on to for a while. With the Fed printing money like toilet paper, inflation and eventually interest rates will rise possibly making it harder for someone to purchase your property if you need to sell. Land is at an all time high and interest rates are at an all time low so if you can find a decent deal and you are financing it's not a bad time to pull the trigger. If I were sitting on cash I might see who gets elected and wait for land to take a hit and then buy with cash.

 

[Doc Holliday]

I recently bought ~220 acres 2203 miles from where I live and haven't had an issue with trespassers. I befriended the neighbors and keep in touch with them often, so they are always watching the property. I also permitted a local law enforcement officer to hunt the property, so if anyone decided to trespass they would immediately be prosecuted. I try to visit for a week in the spring and fall to hunt. It doesn't hurt me any allowing someone else the ability to hunt it, if anything it's super helpful having everything squared away on the property and scouting information in hand when I come to hunt. Every situation is what you make of it and I wouldn't let distance deter you.

Agreed. I live a 6 hour drive from my farm.....229 acres with a cabin. I have wireless WiFi and Ring cameras around the perimeter of the cabin, Spartan trail cameras on the roads and food plots, the phone numbers of neighboring landowners, and a couple of buddies who I will send out there periodically on a random weekday morning to dump a few magazines out of their ARs near the property lines after shooting hogs that have gotten too comfortable. I used to not let anyone set foot on it unless I was there, but I think having someone close by you can trust, and letting them go out there randomly to make some noise is a big help at keeping the locals honest.

 

[Laramie]

A couple signs would solve the majority of problems if you live any distance away- "Cellular cameras in use".

 

[Apollo117]

Well, they get that label from the trumpets around here. I'm sure they aren't all left wing nutjobs, and considering they are leaving CA, that may be a sign they aren't. But in TX, anyone who wants to live in the Austin area automatically gets the "liberal" label from the majority of rural folk.

Austin area has a lot going for it, but it's way too many people for me - politics aside - and the area around downtown and the UT campus sure looks like parts of Portland that I've been to.

I agree with what you've said. I hate to label folks, but after spending a couple of years in Austin it's safe to assume someone is liberal until proven otherwise.

I work in tech and I haven't met any California transplants that weren't liberal, but to be fair it's not something I went around asking about.

Funny thing is that I met several old conservatives while visiting California. After they figured out I was from Texas, they were quick to complain about what California has become. I heard the phrase "We should've moved to Texas 40 years ago" several times.

 

[Carlin59]

If looking in the West, try to find a parcel that gives you direct access to public land as a sort of “force multiplier” for your investment. This spring I went in on 40 acres in WY with a few close buddies. 40 acres of sage draws itself would feel limiting for hunting on (although we consistently have elk, deer, antelope, sage grouse, and even a cougar on trail cam). However, it backs up to this thousands of acres of state and BLM. Bought 40, direct access to 1000s. Dream come true for us, hope you find your gem.

 

[zion zig zag]

The take-away from this thread is that there are very few, true moderates anymore. And that politics have become so divisive that we don't want to be around people who don't think like us. It's sad really and I blame Facebook.

When did the betterment of this country get taken over by the same mentality that occupies Duke vs. Carolina and Mississippi vs Ole Miss rivalries?

 

[Beendare]

My idea of recreation property isn't 600 acres of bitterbrush and rattle snakes.

Good water is a must. What I was finding was that many of the cheap property listings had poor water and usually not much of it.

I'm still not clear on your budget.

FWIW, I have a buddy that just bought 15 acres in the foothills of ID for $26k and he is building a home there....but he will be into it much more than $100k..... with a simple residence. Even the prefab homes on a decent lot will be more than $100k all in.

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[MattB]

Its because politics in CO are closely following CA. And I'm from CA. Its a shit show for sure.

I love love love CO. But I've watched over the last 20 years, CA stuff slowly infiltrates CO. Every week laws and proposals come about that my wife and I just shake our head at.

Because property values have been falling so precipitously in CA? You might want to look at property value trends in CA and re-evaluate your position as the economic reality contradicts your political premise.