Even small-scale operations like beekeeping, organic farming, or growing specialty crops (e.g., lavender, hemp, etc.) can generate income.Hunting Leases: If the land has good wildlife, you could lease it to hunters during the appropriate seasons.

Purchase price: $365,000 Cash invested: $550,000 Bought and renoed a 1965 house into a modern farm house.

I’m not only working on my case with these buyers and a DeKalb Pastor & Chaplain of DeKalb Sherriff Office on over 2.5M...but this now appears to be related to a HUGE Mortgage Fraud Criminal Ring here in Metro Atlanta with quite a few of confirmed fraudulent documents on many properties as more evidence shows up.Some of the names I have confirmed provided or created fraudulent bank statement, operating agreements and forged QCD docs to obtain mortgages illegally then allow them to foreclose.

Companies like PolicyGenius do an excellent job selling personal lines coverage (property/casualty and life, mainly) more easily (and maybe more cheaply) than your local State Farm agent.

Quote from @Richard Pastor: Quote from @Dan Thomas: @Richard PastorI would urge you to get a commitment from a lender on a heloc BEFORE going down this path.

We're in an area with some working farms, some raw land, and anything in between.  

Our insurance company (State Farm) doesn't cover flood, so our flood insurance policy is through FEMA's NFIP (national flood insurance program).

The fact that 8 acres were developed and 200 were left as farm is a clue there is some issue.Another first step would be to determine the possible economics of the development.

I did not use wholesalers (only once on a flip).It's all about Networking in the town you are farming.

It is not for use for condominium transactions, new homes being sold by a builder, or farm and ranch properties.