Grandpa calls it God's country, NEIA | When your young, With little to no assets. Get aggressive.
Don't be afraid to step up to the plate when the opportunity comes around. I couldn't afford farmland right off the bat, So I starting splashing around in the rental house/duplex market. Now the housing market is sky high, I'm liquidating my rental holdings and throwing it into the farm.
Always be on the look out for opportunities. 2 years ago, I went to a land auction where they were selling 80 acres, with an acreage. And 75 tillable. 5 acre wetland. It was cut up, no tile and 2 terraces. 84CSR2 on all the acres. Farm sold for 4850/acre. And 170k for the house. I was a moron and just wanted the tillable, and didn't want the house. So I didn't bid.
By far my biggest mistake, I could have earned ALOT of sweat equity in that farm. Even if I just sold the acreage off.
Could have made some serious money in appreciation in today's market. But hind sight is 20/20.
Make a decision and don't look back.
Keep track of what the farmland market/housing market is, So you realize what is and isn't a good buy.
Edited by Trapshooter1 10/14/2021 10:04
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