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All Forum Posts by: Jeff Barkshire

Jeff Barkshire has started 1 posts and replied 2 times.

Post: Is renting a home with land for farming/ horses realistic?

Jeff Barkshire
Pro Member
Posted
  • Investor
  • Puyallup, WA
  • Posts 2
  • Votes 0

Thanks for the input.  I think I will make him an offer this weekend and hope that I can find the right person that wants it all.  If not, I'll definitely try and separate out the land/ barn usage and the house.

Thanks!

Post: Is renting a home with land for farming/ horses realistic?

Jeff Barkshire
Pro Member
Posted
  • Investor
  • Puyallup, WA
  • Posts 2
  • Votes 0

My neighbor is going to be selling his home and I'm considering giving him an offer before he goes to market with it, with the goal of holding the property long term.  I have 5 acres and he has 4, and it is mostly pasture with horses and a small barn with a couple stables and multiple outbuildings with a workshop.  The house is 1900sq/ft 3 bed 1bath.

I would need to get over about $2200 for rent to make it cash flow, which is too high for the house itself, but I'm wondering if there are many renters that would see value in having the acreage for their horses and/or shop space for storage/ small business uses.

My only landlord experience is with our duplexes, so this would have to be a very different kind of tenant, so if anybody has experience with this type of rental property that would be great to hear any feedback.

Thanks!!