All Forum Posts by: Brandon Clark

I have a lot to learn so correct me if I'm wrong. My expenses are only 1500 in property tax a year. If I'm doing my calculations right I'm still almost getting a 10% return on my money. Especially if I can raise rents and get this property to Net 20k year.

I have a road that goes along the backside. The single home that I rent will be on the "dry" side of the road. These cottage people have been here for generations. I don't plan to subdivide at this point. Each cottage does have it's own electric service. Some of the cottages fall within the 500yr flood plain.

The property is located in pa.

I paid 170k. The home is worth about 120 of that. I wasn't able to find any similar places for rent. I do have a waiting list. No water and sewer for the cottages, they have an outhouse. The house does have water and sewer.

I like the idea of making use of the river vast river frontage.

I don't have financing on this so it makes sense for me personally.

I just bought a 4 bedroom farmhouse with 22 acres that back to a river with over 1 mile of river frontage. The home rents for 600 month and the property actually has 19 small cottages/trailers along the river that people use as their seasonal homes. The rent that was being collected for each home was 600yr. The occupants own the improvements but they don't own the land of course. It's not really a trailer park but similar to one I guess. This was an attractive investment because of the multiple streams on one site.

A few questions. Do I need to raise rent for something like this?

Any ideas how I could bring in more revenue from this?

UPDATE. So I've been moving forward. I'm able to get about 15-20 good testing soil lots out of this parcel. The problem, I'm being told none of the sites are suitable for a inground septic system. What are my options, keeping in mind development costs.

I'm about ready to sign a contract with a buyer for the timber on my 200 acre tract. I've never sold timber. Is it normal to have a 50/50 split on veneer and sawlogs and $10 ton on scraglogs. How do you know if you're getting ripped off? Also, the saw logs will apprently be bid out to get the best possible price.

I Have an update on this.

I finally have a plan from the engineer. I decided to keep 50 acres to the side for investment purposes and develop roughly 125 acres. I was able to get 27 lots ranging from 3-15 acres a piece.

We have consulted with Soil Conservation and the County Planning Office.

Here is what they want. And I'm open to your comments, so please comment:)

The SCS wants a wetland delineation and NPDES permit in addition to the normal E&S plan and stormwater controls. I have started soil tests on 12 lots costing me a total of $5340 for the permits. I will updated as I have more developments.

My questions.

Does anyone know what is reasonable as far as costs go for the surveyor who has voluntered to do the soil tests?

Also, what can I expect to pay for all of these permits?

Thanks for the responses gents.

Believe it or not the area I'm in has NO ZONING! I can do what I please with the land!

I had the place surveyed and there are no conservation easements or anything that would keep me from being able to put houses on it. For the area I would only do single family lots. I was only thinking of subdividing the property into 1, 5, and 10 acre parcels. After much research I found this is what the area need more of.

Back to the ZONING thing. I'm being told that the area will have zoning laws within the next 5 years so I guess it would be who of me to get this thing going.

If this is the case I think I understand everyone correctly. My next step would be to take my survey to the engineer and have him come up with a proto of what this place would look like with the size lots I want. IE: how many and where these lots would fit?

Wheatie, actually the 8 acres was given to the son of the father who owned this property. I guess he didn't like the son enough to give him the whole farm:)

Thanks again for your input everyone.

I recently purchased a 200acre piece of ground located minutes from Selinsgrove, PA. This trabct has a farmhouse 3 bed 2 bath, 4 car garage, and two barns. I am currently renting the house for 850 month and the land to a farmer for 10500 per year. What made this property extremely desireable to me was the 1 mi road frontage on two different roads. Also this property has a small 8 acre tract cut out of it with residential homes on it.

So my question, what is my first step to get this property looked at to see its potential. Do I take my survey that I had done to a land planner to see how many lots can be put on the tract. The property is not served by public water and sewer.

Any pointers would be greatly appreciated!