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Taxidermist in Iowa buying Land

GrayJ58

GrayJ58

New Member
Hello everyone! My name is Jason and Im a Taxidermist here in Iowa. Ive decided to sell my home and buy hunting land. I talked to a Land Lender today and got some
answers. But now Im wondering if I should partner with someone on a piece of hunting land. I have no family or children so this is a dream about to come true. Any thoughts? Im looking at putting down $30,000.Screenshot_20211112-142314_Facebook.jpg
 
The only way I would partner up would be if you find a larger piece together but yet parcel it off so you each actually own half and then hunt and manage it together. then if things don’t work out down the road you still have your own farm . Would of course take the right layout with access for both parties but it opens up some more options when looking. We have done this personally once.
 
Do it on your own!!!!! Much rather own less by myself than a bit bigger with partner. If u will resell- u will make that difference up in profits after one sale & buy next piece alone with a lot more down.
If u r buying to keep it out of the gate- those are the ones where they usually last 1-5 years as the work load & how people hunt & use the farm are too different between 2 owners. They usually come for sale as it doesn’t work out. I’ve bought a LOT of farms where partners dissolved as didn’t work. In full transparency- sadly, I’ve bought MORE where the “partners” were HUSBAND & WIFE & that dissolved. ;).
Land ownership is vastly better suited for one owner IMO & in my experience. With that said- I have seen a few very successful partnerships but it’s the minority of cases.
 
Bucksnbears said:
Never do it with someone if you can do it yourself.
Good luck.
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I disagree with this. Ive had to hunt alone most of my life due to no family. I got Taxidermy, ethics and good money to partner with someone. But I realize they may be more into recreational fun than managing deer.
 
I would consider doing this but it would have to be the perfect partner. If it doesn’t work out it may also ruin a really good friendship. Other things to consider is if one partner has kids that want to hunt and the other doesn’t. Or siblings….or friends….or. Could be lots of things leading to hard feelings.
 
chipterp said:
The only way I would partner up would be if you find a larger piece together but yet parcel it off so you each actually own half and then hunt and manage it together. then if things don’t work out down the road you still have your own farm . Would of course take the right layout with access for both parties but it opens up some more options when looking. We have done this personally once.
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completely agree
 
GrayJ58 said:
I disagree with this. Ive had to hunt alone most of my life due to no family. I got Taxidermy, ethics and good money to partner with someone. But I realize they may be more into recreational fun than managing deer.
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Wanting to share in the experience, both the enjoyment and work, is a great benefit of a partner. However, if you are both owners then there are many more negatives. If you can at all afford land on your own I'd not have other owners. What I have done to still have the shared enjoyment and workload is informally "partner" with certain family or friends that I hunt with or allow to hunt, but they help me put up stands, manage food plots, etc. I still have the camaraderie but it's managed my way. How many deer get taken, what size, what food plots do or don't go in, if kids can run four wheelers around (no by the way) etc., etc., etc.
 
Bassattackr said:
"...The only ships that don't sail, are partner ships.."
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I got a kick out of that ditty. ^^ Good one, but I think it fits here.

Although I have no personal experience with a land based partnership...I have heard various accounts of them through the years and if not all, many, of them didn't end well. FWIW, put me in the camp too that says go it alone. OR...like Chip said earlier, a partnership of sorts where each of you own/control adjoining pieces and then work together, while maintaining your own piece.

But...your "partner" is not free to...conduct a timber harvest that you are not in favor of, shoot a particular deer that you have chosen to pass...perhaps multiple times, hunt the wrong wind...again, leave the gate/cabin/shed unlocked, one partner gets a divorce and needs to sell...to some jackwad, etc, etc, etc, etc. Things change, people change, priorities change, etc, etc. Don't set yourself up for failure.
 
I wouldn't do it. Even the most like minded people are going to have different ideas/viewpoints about specific things. To many rules are going to have to be agreed upon. Someones going to want to start bringing a buddy, family member etc. Wants to do things different. Ride four wheelers, cut a wrong tree etc. There are soooooo many things. And what happens when one wants out?
 
If you can do it alone, do it alone.... from past experiences, it will ruin any sort of friendship you are trying to build if you arent on the 110% same page. There is more than just "buying" the ground to agree on...it goes from everything from mowing, to forest management, to food plots, to which critters you shoot, when can the land be used, etc etc... if someone took a week off to hunt the week before you took your week off, would you get irritated with that? Just a lot of variables...
There is a piece close to me that is currently up for sale, one owner wants out, the other doesnt. The other one has a neighboring piece, but cant swing the full payment himself on the new piece. The guy selling is pissed because the one who doesnt want to sell improves his piece and uses the joint piece as an entrance to his and is always going back and forth.... so again, just a lot of things to think about and look at more than just "buying ground"
 
It looks like almost everyone agrees to buy on your own. I will also add the more serious you are about your hunting, the less chance a partnership will work.
 
Do it alone. I know of a situation where a guy partnered(1), his partner(2) got served with divorce papers and wife wanted her half of the half. An argument then ensued on what half would be sold because partner 1 couldn’t afford to buy out partner 2. Partner 2 wanted to sell the perceived better half…. Point is the variables are many. Go it alone.
 
I concur with everyone else on doing it solo.
However, that being said, if you’re really set on wanting to do it with a partner, consider opening an LLC with an operating agreement in which you outline in its entirety what exactly you will do with the land, how you will do that, and what the terms of sale would be. This would help with some legality for lawsuits, divorce, and so on. It will also keep you and however many partners you’re looking to add on, in check. If you buy a combo farm with cash rent row crop or CRP, you can outline if that goes into the business and used in a plan on the property and how much you each plan to spend annually in your goals there.
Once you find someone, it’s like any relationship, communication is key. I would outline my goals or overall outcome with a property. Section them into must haves, nice to haves, and this would be cool if it popped up and try to keep a reasonable list. This is so you know priorities and your buddy does too. While you’re creating your outline you have trade offs in what you might be looking to do in a 5, 10, and 20 year plan.
 
GrayJ58 said:
Hello everyone! My name is Jason and Im a Taxidermist here in Iowa. Ive decided to sell my home and buy hunting land. I talked to a Land Lender today and got some
answers. But now Im wondering if I should partner with someone on a piece of hunting land. I have no family or children so this is a dream about to come true. Any thoughts? Im looking at putting down $30,000.View attachment 125188
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Where are you looking to buy? Need some help in that process? A buyer doesn’t pay fees if you would like a Land Specialist to help out. I work for KILOTERRA if you do. I could also point you to a team member if it’s outside my area.
 
So- I do hear you saying you would enjoy hunting with a partner. & that’s a great thing. If that’s a big motivation… is there other solutions? Like- would u let a close friend just come hunt? Or…. Would u allow some access if they pitched in on the work & some plot costs? No clue but just thinking out loud.
Another option…. Say you found “160 acres”… maybe you buy one 80 & partner buys other? Or …. Buy a couple smaller farms in an area & split a cabin/building. ?? Thinking out loud. I’ve seen the pitfalls of regular partnerships a gazillion times so thinking out of the box here.

Last side ?…. Would this farm be to keep for long term/forever or possibly less than 5 year hold for example?
 
Not bursting any bubbles but I am a lender and $30k down doesn’t get you much….. with todays prices and most lenders requiring 20-30% down.
 
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