@Michael Ablan
I've been searching nylandquest.com and local MLS and it definitely seems there are some good deals out there. When you are looking at these tracts what are some of the things that you are seeing as a common trend that are appealing to you the most about the NY timber industry? And based off of what you have been seeing deals wise what would you consider a good deal number wise?
@Jim Goebel
Thank you for the reply and some insight on the industry. Definitely let us know how things work out with the purchase of your tract!
@Jay Hinrichs
First off thank you for the reply I just listened to your podcast on BP for the second time and your story and knowledge on real estate as a whole is definitely inspiring to say the least. Thank you as well for some key steps to get started.
- Are you saying that hardwoods are typically worth less in value compared to softwoods per acre or just that you are more likely to harvest more softwoods than hardwoods per acre?
- To your point on home/land owners potentially not factoring in stumpage value on the land.
- This is what has intrigued me the most about the timber industry, a few years ago i came across that idea of what if i buy land, sell the timber, and then resell the land for the same or a little less that what it was bought for. Obviously this concept is easier said than done and probably not realistic in most areas, but it still made me think. Have you seen this type of situation before or have you done something similar in nature? I know on the podcast you had mentioned bringing value add ideas to the land such as building driveways, drilling wells, etc. I suspect just starting out this would seem as a very good option to build more and more capital until i can purchase a more long term already managed tract. What is your opinion?
Thanks in advance guys!
Kyle English