How to buy hunting land?

If you have the $ to buy 325 you probably have a CPA, he is who you need to be asking.

Timber, is the best set unless you have pasture or row crop on it.

HC are a pain the arse and with that few acres you can really only have 2-4 people.

Then timber

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why 325 precisely

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The opportunity came up to buy the track of land connected to my property. I’ve always wanted it, just want to make it an easier decision instead of just saying I’m going to tie up .5m dollars. It would make me feel better if there was opportunity to capture some type of tax incentive or income to offset costs.

You can make more with CRP than timber right now.

Buy row crop land, lease it for 150 per acre. Start LLC and write off everything associated with it.

Hunting lease isnt worth the headache. But you could buy crp and lease it to hunters as well. Double income

[Rubs hands together]

Do you mean, how to make the most out of the investment?

Timber is a big one, but it may not be a great or even marginally good $ producer on the specific tract you have picked out. These days, even primo hardwood tracts don’t cash flow very attractively on an ROR basis. If you’re going to use it for hunting yourself, I don’t think leasing to a HC is wise. I really think the best way to make money from it is to buy at a good price and hope it’s in an area that is desirable to buyers when you want to sell. Don’t overlook taxes. There are also govt programs that will cost share specific improvements, but I don’t get the sense there widely available or lucrative anymore. I’ve done the ROR calcs on tons of scenarios. I hope others chime in on the tax write off question. Research I’ve done makes me think that’s out of my comfort zone to exploit enough to make it worth anything.

I bought some timberland in SW MS in my early 30s and have been looking for more ever since. The fact of the matter is, these days it’s a poor use of money compared to other investments. I get a great deal of satisfaction from land ownership and improvement. That’s the only way I can justify the modest financial benefit it provides. I have a couple tracts picked out that I’d overpay for right now. Of course some are neighbors!

You are getting 325 acres for 500k? That is a hell of a deal. What state if you don't mind me asking?

Now we’re talking. Checking into this woman owned farm! I couldn’t quite decipher the “free” part though.

Also learned that I should have a CPA.

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Rent row crop to a farmer for 150 per acre. 45K income for 300 acres

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Ya'll must have some damn good prices on crops, because the only farmers paying that around here are the sugarcane guys.