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I need my own property....

I guess look at the piece from an investment side is it possible to transform into a great lil hunting piece? Or divide up in couple yrs into lots to make more money on for the next piece?? On a small tract like that it would be my first consideration! Is someone else going to want to buy it? Because your probably going to "upgrade" in the future!

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People worry about acres.... you only need 1 tree. Unless you own miles of dirt I'd say majority of deer are moving. Killed plenty of nice deer in 15 acre hay field with one small draw through it.

All I will say is interest right now is a booger. I just can't pay banks. Buddy is making 36000 in payments a year and 6k goes to principal. Gross
 
Are you going to live on it?If not then you won't be locked into it.Start learning about ways to move land and add to your current piece to make bigger if it's a decent area. Is it close to home?Two of the best podcast out there are The American land man and The Land Podcast
 
habitat said:
Are you going to live on it?If not then you won't be locked into it.Start learning about ways to move land and add to your current piece to make bigger if it's a decent area. Is it close to home?Two of the best podcast out there are The American land man and The Land Podcast
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We would not live on it at first- if we kept it would likely build a small retirement home (good 20-25 years out). It isn't too terribly far from home, this piece is just an hour away so not too bad at all.
 
I know land can be hard to find close to where you live but it is something to think about.Maybe not a big deal until you have kids but no after work hunts or running to the farm to broadcast a food plot.I am very lucky I can be in a tree in 15 minutes and I live in town.
 
How are the neighbors? Given the small size, will you have opportunities to purchase more around you in the future? Never know, but number of surrounding tracts can up the opportunity.
 
Hawkeyebowhunter said:
Well so the time has come, ridiculous family issues are likely to put my access to the hunting property in serious jeopardy.

I have found a piece for sale that I'd be fairly interested in & am working with a banker as well as a realtor of sorts.

It isn't as many acres as I'd like, but it is very affordable both from a down payment aspect as well as monthly cost. Ideally I would work towards paying it off after a few smaller items are done.

With the addition of the land mortgage, total debt to income would be around 35%-45% so we aren't burying ourselves.

Only thing that has me on the fence is that the piece is not big. Granted the family property is roughly 40 acres so that isn't huge either. I'm not sure I'm going to find "reasonable" hunting properties anymore.

Wife and I are 37 & currently no kids.

Pull the trigger?
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Buy it. Prices aren't going down. Longer you wait more $ it will cost you.
 
If it meets 3 out of 4 items on your list then I would do it if nothing else as an investment.I would look at what improvements would 1. Benefit you the most for what you want to use property for and 2 what would increase value of property if I ever wanted to sell.A nice pond withing view of buildsite might due both for example.Good luck
 
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