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Post by nhmountains on Jun 25, 2017 18:53:32 GMT -6
Tom,
What type of woods are on the 60 acres?
Oaks, pine, etc? How mature are the trees? If they're mature you might be able to have a couple plots made with the sale of the lumber.
As for selling and buying new land I'd probably do it if I have 2-4 acres cleared so I would have land for plots and apple trees. We've been clearing openings on our property little by little. After 8 years we are getting to where I should have been 8 years ago but, it's been rewarding working the land.
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Post by terrifictom on Jun 25, 2017 19:29:32 GMT -6
Tom, What type of woods are on the 60 acres? Oaks, pine, etc? How mature are the trees? If they're mature you might be able to have a couple plots made with the sale of the lumbe As for selling and buying new land I'd probably do it if I have 2-4 acres cleared so I would have land for plots and apple trees. We've been clearing openings on our property little by little. After 8 years we are getting to where I should have been 8 years ago but, it's been rewarding working the land. Cedar, maple and ash.
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Post by nhmountains on Jun 26, 2017 4:50:18 GMT -6
Tom,
I think I'd pull a Mo and upgrade if you like what you see when you walk it and can get your price on selling your land. Line up a logger and get a plot or two opened up based on winds and stand access. You'll want to also order up apple trees as well to get them in the ground next spring.
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Post by Sandbur on Jun 26, 2017 6:24:20 GMT -6
I have lived on my place for almost 30 years. It would be hard to change and I don't have enough years left to accomplish what I have done. It's just home....
If you are younger and not attached to your place, go for it!
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Post by badbrad on Jun 26, 2017 6:30:58 GMT -6
I am in year 6 in my place and are probably too attached now to move on. Already too many memories. Plus, I like the people and I have great neighbors. Hard to find that in most places.
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Post by MoBuckChaser on Jun 26, 2017 8:13:35 GMT -6
I am in year 6 in my place and are probably too attached now to move on. Already too many memories. Plus, I like the people and I have great neighbors. Hard to find that in most places. You had some memories with the ex, and you dumped her! Never fall in love with anything, makes it way easier to replace.....
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Post by badbrad on Jun 26, 2017 8:16:04 GMT -6
I am in year 6 in my place and are probably too attached now to move on. Already too many memories. Plus, I like the people and I have great neighbors. Hard to find that in most places. You had some memories with the ex, and you dumped her! Never fall in love with anything, makes it way easier to replace.....
I am a sentimental type guy. Love the history and memory making and being able to relive those by standing in the same place. That is just me.
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Post by batman on Jun 26, 2017 8:18:57 GMT -6
Had to quit changing women after the kids came or I still would be.
Never going to quit changing deer land.
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Post by jbird on Jun 26, 2017 9:56:11 GMT -6
It all depends on the situation..... If I was in your shoes - trading a 40 for a 60 - especially if it's a better 60 or in a better "deer neighborhood" - I think I would jump at the chance. Just make sure you can do it and not come up short and be without a place entirely!
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Post by badbrad on Jun 26, 2017 10:08:15 GMT -6
Sometimes the grass isn't always greener on the other side.
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Post by sd51555 on Jun 26, 2017 10:14:56 GMT -6
Myself being new to land, there are lots of moving parts over which I rack my brain. Here's how I look at mine right now:
+ thousands of acres of mostly inaccessible public land to my west + good neighbors on both sides + dozens and dozens of mature bur oak + decent stand of balsam fir for cover + potential to bolt-on the next 20 and land lock my future neighbor from getting behind me easily + building site/access from the east side (prevailing winds)
- wet longer in the spring - majority of the property is tag alder - zero logging potential - even yard access to the building site will be expensive getting a driveway put in properly - wet may mean food plot limitations (will know more by end of next year) - wet may mean no more food plot space beyond what is available now - may end up in DNR CWD eradication zone and forever be hunting for a single fawn sighting each year on stand
I worry about putting the money into a great building and then ending up selling the place for 25% less than what I put into it (just the land and building dollars).
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Post by Foggy on Jun 26, 2017 11:30:58 GMT -6
It all depends on the situation..... If I was in your shoes - trading a 40 for a 60 - especially if it's a better 60 or in a better "deer neighborhood" - I think I would jump at the chance. Just make sure you can do it and not come up short and be without a place entirely! You could make an offer on the new property.....with a contingency that you sell your place before the deal is done......and that you receive the 1031 exchange from the IRS. The 1031 talk could buy you some time to get your deal done on the other end....without throwing up red flags to your seller. Once you got your purchase locked......work on getting your sale done ASAP. Keep in mind you can always remove contingencies if you cannot perform within the time limits....etc.
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Post by jbird on Jun 26, 2017 15:21:33 GMT -6
If it wasn't for my wife's connection to our place and the fact that selling means moving....(I don't think I could do the absentee landowner thing). I would sell for sure. Obviously my goal would be to "trade-up" but that may be easier said than done. Good thing for me would be my tillable would bring a decent price while what I would be shopping for would have only limited tillable on it. "Value" is all a matter of your priorities.
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Post by terrifictom on Jun 26, 2017 18:16:26 GMT -6
Rode by the property on our way up north for a week's vacation. This property is thick. You could not see more than 5 yards into woods from road. Definitely going to walk property when I get back from vacation. There were deer trails going into property from across road. It looked low but one spot close to road looked a little higher to maybe put a cabin on. This looks like the area that all the deer would go to when the shit hits the fan. Definitely would not sell my existing land without having another piece of land. Would close on selling and buying at the same time.
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Post by batman on Jun 26, 2017 18:19:00 GMT -6
Neighbors.
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