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Updated almost 4 years ago on . Most recent reply
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Investing in land in Minnesota
Hey all-
I’m looking to purchase land in Minnesota for now primarily to plant a bunch of trees to offset my carbon footprint. But, as an investor, I also am open to renting it to hunters, or forest mgmt / replacement programs.
Long term I will continue to plant trees but also maybe one day build a cabin.
Any tips on land investments? Finding them? Renting them? Financing them?
Thanks in advance!!
Most Popular Reply
Plan to pay 25 to 30% down and from my experience you could expect a return of about 6% over many years with timber harvests. It’s not a very good investment.
Also, although altruistic sounding, having land with a cabin is NOT reducing your carbon footprint. Very liberal, though, to talk the talk and then build your second home.