All Forum Posts by: Jeff Lee

@Stephen Gantz

@Sam Peterson Should be able to make it

@Vu Pham Absolutely! I know a few folks who might be interested.

Gonna try to make it. Currently under contract on a STR in Galveston and interested in expanding in the area!

Hi Yusuf,

Some additional info would be helpful. Where are you looking? What types of properties are you looking for (e.g. cookie cutter SFH, duplexes, rural w/land, etc)? What is your goal for the property (e.g. flip, long term rental, short term rental)? What are your other criteria (e.g. net cash flow, internal rate of return, total return on a flip, etc.)?

Hi Yusuf,

Some additional info would be helpful. Where are you looking? What types of properties are you looking for (e.g. cookie cutter SFH, duplexes, rural w/land, etc)? What is your goal for the property (e.g. flip, long term rental, short term rental)? What are your other criteria (e.g. net cash flow, internal rate of return, total return on a flip, etc.)?

@Henry Clark @Pete Harper Great info and thanks for chiming in, guys! I think for pretty much everyone around here, ranching is about lifestyle. It's not so much - how can I make money and survive on this - it's more about - how can I have a bunch of land to play and relax on and have it partially pay for itself. That's my interest, and will include some additional revenue streams, including STRs, to help whittle away at the mortgage. 

Hey @Christopher B.-

Getting outside the real estate focus a bit here, but there are a ton of resources out there for figuring ranch profitability:

https://extension.sdstate.edu/...

https://texnat.tamu.edu/

https://www.grainews.ca/livest...

Obviously ranch profitability has several variables (rainfall, forage types and health, soil health, cattle prices, feed/hay prices, etc.), it seems to me one of the biggest factors that are controllable is the initial investment in land. Out here, decent range land is $6-10,000/acre, which makes cattle farming almost impossible to break even if you buy outright. Most of the pure cattle farms in Texas have been family owned for generations, so people enjoy living out there on the big ranches but get a pitifully small return-on-equity. Hence my interest in finding off-market or below-market ranch land. 

As much as I would love to run cattle, it seems one of the better ways to make the ranch profitable (aside from multispecies grazing or adding additional ventures, like catfish/tilapia farming, nut production, etc.) is to have several STRs on them. We've rented several of these and just love being out on a ranch with all the quiet and nature.

What is ranch land going for in your area?

Thanks for the info @Chris Kimsey! Yes - please share. On a related note, I just saw a Brenham property pop up via a wholesaler - I'll shoot you the details.