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<blockquote data-quote="u4411clb" data-source="post: 1084081" data-attributes="member: 17248"><p>Sounds like a great idea to me. What you are describing is what I do as far as buying property but I make the improvements myself and get it up and running to the point where the cattle take care of the payment per year for the property and then buy another place. The important thing is to pay a good price at the beginning and the land will appreciate. As long as you make the payment from selling cattle and put anything extra they make towards purchasing the land and all you have to do is keep your bills for that place below $9000.00 a year including any tax savings then you are coming out great. Some people look at it as a gamble and it is but it is a gamble that you only have to be right 1 time and you can be set for your entire life. If you do find that place that appreciates to the point where you want to sell and it is not uncommon where I am for people to double triple in some cases 10 times there money. However I am in more of an urban setting than most people on this board but in my case Huntsville is growing leaps and bounds from BRAC and we have people moving into the area all the time and recenltly they are bidding on a Boeing contract to bring a new air liner to be built here and everytime any of this happens my property values jump across the board. So if you can cash flow it I say go for it and if worse comes to worse later then you sell it I mean we could all get hit by a bus tomorrow so what at least you tried and don't have to say what if. But if a developer comes in later and wants to turn it into subdivisions or a shopping mall you can tell your day job adios. And if not then leave it to the kids your family may have to reap the benefits even if you don't besides riding over your own place checking the cows and watching the sunset.</p></blockquote><p></p>
[QUOTE="u4411clb, post: 1084081, member: 17248"] Sounds like a great idea to me. What you are describing is what I do as far as buying property but I make the improvements myself and get it up and running to the point where the cattle take care of the payment per year for the property and then buy another place. The important thing is to pay a good price at the beginning and the land will appreciate. As long as you make the payment from selling cattle and put anything extra they make towards purchasing the land and all you have to do is keep your bills for that place below $9000.00 a year including any tax savings then you are coming out great. Some people look at it as a gamble and it is but it is a gamble that you only have to be right 1 time and you can be set for your entire life. If you do find that place that appreciates to the point where you want to sell and it is not uncommon where I am for people to double triple in some cases 10 times there money. However I am in more of an urban setting than most people on this board but in my case Huntsville is growing leaps and bounds from BRAC and we have people moving into the area all the time and recenltly they are bidding on a Boeing contract to bring a new air liner to be built here and everytime any of this happens my property values jump across the board. So if you can cash flow it I say go for it and if worse comes to worse later then you sell it I mean we could all get hit by a bus tomorrow so what at least you tried and don't have to say what if. But if a developer comes in later and wants to turn it into subdivisions or a shopping mall you can tell your day job adios. And if not then leave it to the kids your family may have to reap the benefits even if you don't besides riding over your own place checking the cows and watching the sunset. [/QUOTE]
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