Edgoat
Member
Would you buy this piece of property as a place to get started growing hay or cattle? It is the only affordable property I have been able to find in quite some time.
Features: 32 acres of cutover upland forest with 9 years of regrowth; no mineral rights; property is cut in half by a highway; asking price of $1400/acre; dimensions are supposedly 528'x2600', but it looks smaller; there is a power line that runs through the less desirable half; taxes should be very low
Location: North Louisiana; 31 miles from my suburban home (35 to 40 minute drive); 35 miles from my workplace and that of my wife; 25 miles from the most outlying developments of the metro area; 1/2 mile from a town of 1500 residents that are mostly poor; community water may be available; schools would be poor; relocating to this location would be questionable as employment would only be found in the metro area
Would it be wiser to hold out for a smaller parcel at a higher price that is closer to town and has better potential for use as my residence? Or, take a gamble with my "nest egg" and buy the land, clean it up, and be a weekend rancher with the risk of theft and such while I am away?
Features: 32 acres of cutover upland forest with 9 years of regrowth; no mineral rights; property is cut in half by a highway; asking price of $1400/acre; dimensions are supposedly 528'x2600', but it looks smaller; there is a power line that runs through the less desirable half; taxes should be very low
Location: North Louisiana; 31 miles from my suburban home (35 to 40 minute drive); 35 miles from my workplace and that of my wife; 25 miles from the most outlying developments of the metro area; 1/2 mile from a town of 1500 residents that are mostly poor; community water may be available; schools would be poor; relocating to this location would be questionable as employment would only be found in the metro area
Would it be wiser to hold out for a smaller parcel at a higher price that is closer to town and has better potential for use as my residence? Or, take a gamble with my "nest egg" and buy the land, clean it up, and be a weekend rancher with the risk of theft and such while I am away?