Menu
Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Forums
Non-Cattle Specific Topics
Coffee Shop
What to do with land if the cattle industry collapsed?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support CattleToday:
Message
<blockquote data-quote="backhoeboogie" data-source="post: 1601179" data-attributes="member: 3162"><p>I didn't know we were talking family. </p><p></p><p>My eldest daughter has 4 ranches and is working a 5th. She is no longer working as an engineer. (Degree TB). I'm really glad she's not following some of the advice here. </p><p></p><p>If you're losing money, someone else is earning it. They don't throw your money in a barrel and burn it. </p><p></p><p>The point is you can still buy good land and turn profit on it. People are doing it. Maybe you are not doing it. But other people are. </p><p></p><p>I do know what my daughter paid for that ranch is Desdemona, TX. She stole it. The entire place is grazing land. 1920's Craftsman home and a huge modern steel barn. 6 deep water wells. I suspect she turned profit on it the first year. That purchase happened in 2015. It is nothing like you are describing. </p><p></p><p>Interest rates are really good. I just bought 3 more rental houses. These are not for me to live off of right now. I want to pay them off within 6 years. All profit will go against debt or improvements. They will be managed by a management agency. I've already received an offer (thru the lady managing them) but I'm not planning on flipping them. But I could. </p><p></p><p>There is money in real estate. A lot of money. Farms. Houses. It's there. People are earning money. I've earned a whole lot. Everything I have ever purchased has sold for at least 50% more than I paid. </p><p>500% on one 8 acre piece. </p><p></p><p>I refuse to borrow money for toys or pick ups, boats, atvs etc. If I can pencil out loans for real estate transactions, I pull the trigger. I have 2.7 million net worth real estate that's debt free at the moment. I have other property that I am in debt for. 6 counties here in Texas. </p><p></p><p>Oklahoma is tempting me but it's too much travel at this age.</p></blockquote><p></p>
[QUOTE="backhoeboogie, post: 1601179, member: 3162"] I didn't know we were talking family. My eldest daughter has 4 ranches and is working a 5th. She is no longer working as an engineer. (Degree TB). I'm really glad she's not following some of the advice here. If you're losing money, someone else is earning it. They don't throw your money in a barrel and burn it. The point is you can still buy good land and turn profit on it. People are doing it. Maybe you are not doing it. But other people are. I do know what my daughter paid for that ranch is Desdemona, TX. She stole it. The entire place is grazing land. 1920's Craftsman home and a huge modern steel barn. 6 deep water wells. I suspect she turned profit on it the first year. That purchase happened in 2015. It is nothing like you are describing. Interest rates are really good. I just bought 3 more rental houses. These are not for me to live off of right now. I want to pay them off within 6 years. All profit will go against debt or improvements. They will be managed by a management agency. I've already received an offer (thru the lady managing them) but I'm not planning on flipping them. But I could. There is money in real estate. A lot of money. Farms. Houses. It's there. People are earning money. I've earned a whole lot. Everything I have ever purchased has sold for at least 50% more than I paid. 500% on one 8 acre piece. I refuse to borrow money for toys or pick ups, boats, atvs etc. If I can pencil out loans for real estate transactions, I pull the trigger. I have 2.7 million net worth real estate that's debt free at the moment. I have other property that I am in debt for. 6 counties here in Texas. Oklahoma is tempting me but it's too much travel at this age. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Non-Cattle Specific Topics
Coffee Shop
What to do with land if the cattle industry collapsed?
Top