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backhoeboogie

backhoeboogie

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Joined
Jan 16, 2006
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Texas
One of the farms is sold. A little over double what I paid. What if I had not borrowed the money to buy it?

A lot of elbow grease went in to fixing it and cleaning it up.
 
Getting almost double is a good thing. Taking a chance and hard work has paid off.

Are you getting ready to sell-out or just off-loading some land?
 
Sounds like a good luck there Backhoe. Will you use the 1031 exchange? It nice to have a couple of different options for tax purposes. If you pay someone to fix the property up you can right that off. If you do all the work yourself your labor is free and not tax deductible. That's a bunch of BS right there.
 
Still debating myself on what to do. Getting old. Tired too.

This particular place I bought and split with my eldest daughter. She is flipping her half to a 160 acre place with an old house on it. 4 water wells, barns etc. Paid for in full. I'm more proud of her than I am of my own actions.

I'll keep a few head either way. Not getting completely out.

Was going to keep a younger cow that I like. Had her on the hold list to transport. She went over the rails in the chute the other night. She's going to the sale now with her calf as a pair. Dang good cow. But I am not dealing with her jumping. There was a little pressure on her and I was working alone; no one standing on the other side of the chute to push her thru. So you could rationalize why she was not complying. If I start rationalizing this and that, I'd keep them all. :-)
 
backhoeboogie":3fusr44d said:
Still debating myself on what to do. Getting old. Tired too.

This particular place I bought and split with my eldest daughter. She is flipping her half to a 160 acre place with an old house on it. 4 water wells, barns etc. Paid for in full. I'm more proud of her than I am of my own actions.

I'll keep a few head either way. Not getting completely out.

Was going to keep a younger cow that I like. Had her on the hold list to transport. She went over the rails in the chute the other night. She's going to the sale now with her calf as a pair. Dang good cow. But I am not dealing with her jumping. There was a little pressure on her and I was working alone; no one standing on the other side of the chute to push her thru. So you could rationalize why she was not complying. If I start rationalizing this and that, I'd keep them all. :-)
Click to expand...


Always impressive when you can double up on your money...what's more impressive to me is that you have taught your daughter how to do it..and she was willing to learn. Congrats to you both. Love hearing about folks putting in the work with their children, keeps hope for the future alive.
 
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I think it's only right that the information about you buying it in 1938 is included though. :lol2:

Seriously though, go job!
 
I feel your pain, bhb. I sold some ground that was very near and dear to me. I made a big profit but it was hard to pull the trigger on some of it. I hope that your future is brighter for it as I'm pretty sure mine will be.
 
backhoeboogie":3lan4ct3 said:
One of the farms is sold. A little over double what I paid. What if I had not borrowed the money to buy it?

A lot of elbow grease went in to fixing it and cleaning it up.
Click to expand...
There will always be times when it is a very good move to borrow money. :nod:
 

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