Hunting land/Ranch purchase thoughts.

[cottonant]

Do you want to be Land Rich and Cash Poor?

Unless you already have enough $ to buy it outright and bank roll the many monthly expenses and travel costs , that’s what will happen. (Unless this will be your primary residence?)

I know because I had 187 prime whitetail acres with a shop and 2 bedroom house for 3 years. Sold it and put the equity into an investment earning 15%- now the cash flow is 110% flipped!

From putting $60k+ a year into mortgage interest, maintenance and improvements, I’m getting $50k a year out of my investment- with that I got a hunting lease near by (with even more and bigger deer) for a fraction of the total cost, and can now pay for many hunts all over the world.

Now if it did work out right, and I had excess money and could live close enough or even convince my wife to make it a primary residence then I would love to own some recreational hunting/fishing land.

Wildwilderness, your point hits home. Last night on the way home from a whitetail hunt on my property, I was questioning having a $450k to a $500k land asset that could be earning income, but instead cost $$$ and a lot of hours of labor each year.

 

[Q_Sertorius]

There’s nothing like land. Yes, it may not generate income and it may be a pain in the butt, but I always wish I had more of it. It’s shocking how expensive it is these days, but there’s a good reason for that.