Any advice on buying land?

[elderboy02]

Originally Posted by chippewastud79

So did you win?

Yep. We ended up buying both 11 acres of land. We paid between $2500 - 2700 an acre.

[chippewastud79]

Originally Posted by elderboy02

Yep. We ended up buying both 11 acres of land. We paid between $2500 - 2700 an acre.

Sounds like a pretty decent deal. I forget that land prices are much higher around here compared to the $1000 an acre you can get in Northern Michigan.

[Stephen]

Originally Posted by elderboy02

We are hoping to pay only around $2k/acre max.

Originally Posted by elderboy02

Yep. We ended up buying both 11 acres of land. We paid between $2500 - 2700 an acre.

See what CA math has done to this poor man?

[elderboy02]

Originally Posted by Stephen

See what CA math has done to this poor man?

My dad, brother, and I were huddled up trying to do the math while the 2nd lot was going up for sale. My dad was still doing calculations when my brother placed the bid. We were like WTF!

It is all good though. The land is more valuable as a 22.something lot compared to a 11.something lot.

[forgop]

Originally Posted by elderboy02

Yep. We ended up buying both 11 acres of land. We paid between $2500 - 2700 an acre.

That's what I would have expected...wooded acreage is more in the $2500/acre price than $1k. I sold my brother my share of the woods for $2500/acre 2 years ago, albeit an hour north of Indy.

[elderboy02]

Originally Posted by elderboy02

Yeah, it is in SE Indiana. I know my cousin's husband hunts on the property that they live on that is on the same road. I wouldn't primarily use it as a shooting range, just every now and then. We are hoping to pay only around $2k/acre max.

Originally Posted by forgop

That's what I would have expected...wooded acreage is more in the $2500/acre price than $1k. I sold my brother my share of the woods for $2500/acre 2 years ago, albeit an hour north of Indy.

Thanks. Our land is in Liberty, IN which is exactly 1 hour from our house in Cincy

[forgop]

Originally Posted by elderboy02

Thanks. Our land is in Liberty, IN which is exactly 1 hour from our house in Cincy

That's only an hour from my place. So, when are you hosting a hunting herf?

[secretsquirrel]

Liberty, In
About 30 mins from me.
ya out here people seem to go for either 1 acre or 20+
Thats not a bad price. can you tell me what road it off of.
It looks like half of it is tillable if im seeing it right. At least you got some people you know near to keep an eye out.

[elderboy02]

Originally Posted by secretsquirrel

Liberty, In
About 30 mins from me.
ya out here people seem to go for either 1 acre or 20+
Thats not a bad price. can you tell me what road it off of.
It looks like half of it is tillable if im seeing it right. At least you got some people you know near to keep an eye out.

315W off of Brownsville Road. We might let the guy to the NE of our land farm on it.

[357]

Originally Posted by elderboy02

315W off of Brownsville Road. We might let the guy to the NE of our land farm on it.

My wife's grandmother has owned land for many many years and leased it. There is a family who lives on it and farms it. They pay her a percentage of their profits every year. That's the only rent they pay.

BTW, nice pickup. I'm sure you'll love visiting that place for years to come.