I got lucky and found a solid deal a couple years ago. Farmer selling his woods around a large ag finger in hill country. I jumped on it and got it for just under 4k an acre. It had been let go. I reclaimed logging roads, expanded a food plot, put cameras up, added strategic water holes and put some stands up. Sold it a year later for just over 5.5k an acre. I think a lot of it came down to due diligence in searching for land i could afford, luck with finding a spot, and hard work improving the property.

@jake-hofer

6 ай бұрын

Good for you man, that's awesome!! Luck and hard work tend to go hand-in-hand!

Iam new 2 this?

Where did all the land listings go? Been looking for about 3 months ago and see lots of under contract/sold listings in the Gates, NC, Southampton County, VA areas for a somewhat decent prices. Now, absolutely nothing, and when something does hit the market, it is almost double of what things were just a few months ago. It is absolutely discouraging for people like me that have cash to buy but not willing to pay these insane prices. It's as if EVREYONE has $100's of thousands of dollars in their back pockets. Me and my wife just don't get it. 10 years ago if you had that much money cash you were king of the world and had so many pickings at your fingertips. Never in a million years did we think we would be where we are with real estate, yet here we are. Another major mistake we have made I guess.

@jake-hofer

5 ай бұрын

Things have rapidly changed, but it sounds like you guys have laid down the foundation to jump on a deal that makes sense to you! The cash on the sidelines has been historically high the last few years. Stay patient and diligent and you'll find the right farm at the right price - thanks for watching!

Having a good buck/turkey farm 5 minutes from the house that we've developed over the years I can't imagine ever selling it because it would be so hard or even impossible to replace something so usable. I guess all this land flipping goes on when guys only find a deal that really isn't as usable due do distance. I'm a business owner and a little bit of a risk taker but I would have a very hard time creating such risk. I check the listing about everyday but boy deals around central IL don't seem to exist especially if they are advertised.

@jake-hofer

6 ай бұрын

Thanks for watching! Great point and there's nothing wrong with holding onto a piece of ground! It's definitely a competitive market that feels to only be getting more competitive.

Is it easier to buy land through a business entity? Would you recommend a book, or video, or couse on forming a land investment company? Or should i not form a business to buy and sell land?

@jake-hofer

6 ай бұрын

Great question! It depends on a variety of things. It's not necessarily easier to buy land through a business entity. A lot of folks put their farms into an LLC. I've always enjoyed Pat Porter's books about land. They're easy and quick reads.

@David-kd5mf

6 ай бұрын

@@jake-hofer ok thanks!