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Updated over 6 years ago on . Most recent reply
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Leasing farm land as a house hack?
Has anyone bought a farm and leased the land to growers as a house hack? I’d love to live on a bunch of land, but my investor side cringes at paying for land that isn’t working for me. Any insight? Is it possible or worth it? We live in SW PA.
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I know that in the midwest that isn't likely to work. Land price is too high for what you can make on it as a farmer, so most of the time your cash rent won't even pay for the mortgage payment (it probably would eventually as crop prices rise over the years, but not to start). I looked into it (my father farms part time) and there was no way to make the math work where he lives or where I live (Nebraska/Kansas).