johnhkc
Recycles dryer sheets
I have a question for y'all about buying land with trees.
I found some property in central Missouri. The property has a house of approx 1600 sqft on about 150 acres of land. The land is mostly covered in trees, maybe 130 acres.
I'm thinking I could buy the land for $400K, sell my house for $180K (100% equity), sell the trees for $260K then lease out the resulting cleared land for $20K/yr ($180 per acre per year). I net $40K plus $20K/yr and my cost of living is lower.
I am assuming (perhaps incorrectly) that trees would be worth $2000 per acre and that tree buyers would clear everything including the stumps. I'm also assuming that I don't have to "do anything" to make the cleared land suitable to lease for growing crops.
I know nothing about trees or farming. I'm a tech guy.
Does all of this seem plausible or is this one of those hare-brained ideas that only makes sense while sitting in an Aeron chair on the internet in an air-conditioned room while surfing the net with too many tabs open?
After you stop laughing, please tell me where my assumptions are incorrect.
Thank you.
I found some property in central Missouri. The property has a house of approx 1600 sqft on about 150 acres of land. The land is mostly covered in trees, maybe 130 acres.
I'm thinking I could buy the land for $400K, sell my house for $180K (100% equity), sell the trees for $260K then lease out the resulting cleared land for $20K/yr ($180 per acre per year). I net $40K plus $20K/yr and my cost of living is lower.
I am assuming (perhaps incorrectly) that trees would be worth $2000 per acre and that tree buyers would clear everything including the stumps. I'm also assuming that I don't have to "do anything" to make the cleared land suitable to lease for growing crops.
I know nothing about trees or farming. I'm a tech guy.
Does all of this seem plausible or is this one of those hare-brained ideas that only makes sense while sitting in an Aeron chair on the internet in an air-conditioned room while surfing the net with too many tabs open?
After you stop laughing, please tell me where my assumptions are incorrect.
Thank you.