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Bloodbath at the sale
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<blockquote data-quote="Stocker Steve" data-source="post: 1417281" data-attributes="member: 1715"><p>Certainly many are struggling, but there are also some family operations that are doing well. I try to learn from them. I try to not overpay for land. What I see are:</p><p></p><p>- Some farther/son operations that have equity and scale and some rented land leverage. Able to balance income and risk and cost cutting. Grandpa got them going and they never looked back.</p><p>- Some country squires who inherited a lot of acres and keep it up. Probably not making a pile but have a new truck and take vacations. Nice when you can inherit it.</p><p>- Some imports who sold high priced real estate and doubled down in a lower cost area. Quickest way to get wealthy - - move to an area where people have less than you!</p><p>- Skilled hustlers who focus on several niches and make a living at it. Often do farming/trucking or production/construction or production/marketing or ranching/rental property.</p></blockquote><p></p>
[QUOTE="Stocker Steve, post: 1417281, member: 1715"] Certainly many are struggling, but there are also some family operations that are doing well. I try to learn from them. I try to not overpay for land. What I see are: - Some farther/son operations that have equity and scale and some rented land leverage. Able to balance income and risk and cost cutting. Grandpa got them going and they never looked back. - Some country squires who inherited a lot of acres and keep it up. Probably not making a pile but have a new truck and take vacations. Nice when you can inherit it. - Some imports who sold high priced real estate and doubled down in a lower cost area. Quickest way to get wealthy - - move to an area where people have less than you! - Skilled hustlers who focus on several niches and make a living at it. Often do farming/trucking or production/construction or production/marketing or ranching/rental property. [/QUOTE]
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Bloodbath at the sale
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