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Updated over 6 years ago on . Most recent reply

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71
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Alyssa Paros
  • Rental Property Investor
  • Johnstown, PA
42
Votes |
71
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Leasing farm land as a house hack?

Alyssa Paros
  • Rental Property Investor
  • Johnstown, PA
Posted
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.

Most Popular Reply

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148
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207
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Aaron Taylor
  • Olathe, KS
207
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148
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Aaron Taylor
  • Olathe, KS
Replied

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).

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