Transforming a Property in rural Northern Maine into an asset.

[Luke Shorty]

Good Day Bigger Pockets Crew,

I am just starting on the adventure of property management and real estate. Two years ago my wife and I purchased a beautiful 30 acre property in Caribou, Maine. I am pretty darn busy with my full time job, but would like to capitalize and tap into the vast potential in this former potato field / lightly forested property. 

I guess I really don't know where to start. The house is a beautiful chalet style house (which I live in), but would really like to let farmers and other's manage and work the property while I'm busy at my job. The other thing I've been thinking about is renting part of the house out to other professionals to help lower the expense of the mortgage, utilities, insurance, etc.

Thanks for the help and glad to join the community!

Sincerely,

Luke

[Sean Sullivan]

Hi @Luke Shorty - I think the Maine Farmland Trust's FarmLink program may be what you're looking for. They connect landowners with folks looking for land to farm. More info here: Maine FarmLink. Maine FarmLand Trust is a nonprofit and I know at least one landowner who has used the program successfully. This wouldn't preclude you from also building a tiny house or putting up and renting out a yurt, either.