All Forum Posts by: Courtney Buck

I've been watching Baldwin County for some time now. I own 114 acres near Perdido, AL near the new mega site and I have been considering making it a timber property and planting longleaf pine. But I have certainly been contemplating the idea of developing a new subdivision. Affordable housing in Baldwin County is a concern. 

Hi Laura,

I bought raw land near Perdido and I used a certified land appraiser and they were fantastic, they provided a fantastic report afterwards! Here is their info:

M. Lyon Courtney

Courtney & Morris Appraisals, Inc.

I just went through the appraisal process on 114 acres of timberland in Alabama I just purchased. The land has two values that are combined for one overall value: surface value and timber value if it were harvested at that time. I have timber on my land but it's only 8 years old and has no commercial value (yet). So my land was only appraised on the surface value. Whoever you hire to perform the appraisal...make sure they are certified by the state and have experience with land/timber...get a copy of the appraisal too. They might bring in a forester to assist for an extra fee but I found it was totally worth it. 

Like you, I'm very interested in carbon credits as well. I want this land to cashflow as soon as possible. Let me know if you have any other questions, I'm learning as well:)

Hi there,

I live on 30A in Santa Rosa Beach (Dune Allen - west end) and there are much better deals in regards to ROI in Panama City Beach. Port St Joe near Apalachicola is another community that is thriving. They can't build enough houses right now and the STR scene is growing and prices are stable.

30A properties have exploded in value in the last 18 months (great for people who already own but not for new acquisitions). 

Hope this helps!

Courtney Buck

 That's interesting you mentioned the insurance company. The largest owner of timberland in this county is an insurance company. Followed by sovereign wealth funds.

 Hi there, sure thing, it was 183k for the purchase but it appraised for much higher. So there is instant equity. I originally bought 30k in oil stock when it crashed in late March 2020. That stock exploded and I recently sold it(tax-free) and then used most of that money to buy this land.....again, tax free:) Since it's a Roth account, I paid the taxes already. I can't access it for nearly 2 decades but I'll just keep flipping this money for now. I buy discounted assets and love it!

 Hurricane Michael did the same thing in NW Florida. It was tragic!

That's what I did, I bought this in a Roth Self Directed IRA:) I want more land in Alabama and Georgia!

 You're the third person to tell me to put an old camper on the property. I would have laughed at this a year ago then I started seeing people do this and make money!