Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 19 years ago,

User Stats

4
Posts
0
Votes
N/A N/A
0
Votes |
4
Posts

TX land

N/A N/A
Posted

I've been looking at this ad (below) on a website and running the numbers... it looks like with FCRP and turbines it should produce a minimum of 1.5m profit over 30 years. Is there something I'm missing? Also what exactly is "arrears"?

-----------------------

Approx 1,100.00 acres
Asking Price 500,000

One and three quarter sections of flat, fertile farmland. Presently growing grass and enrolled in the Federal Conservation Reserve Program which pays the land owner $39,188 per year through 2015 for allowing the land to remain "idle". Buy and hold type property where the government direct deposits your payment once a year in arrears. 1/2 mile highway frontage on the west, and 1 mile of county gravel road frontage on the east. I am currently negotiating a wind lease for as many as 28 turbines. Lease suggests $1000/year/turbine minimum to $7000/year/turbine maximum.

Loading replies...