How to Cash Flow Recreational Ground!
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- čas přidán 27. 06. 2024
- In this week's episode of the High Point Land Series, Lucas and Bill join in on the conversation of recreational ground. Lucas draws examples of a recent client who has successfully cash flowed his rec ground property using the three key steps in this video! #landforsale #hunting #agriculture
I bought a 40 acre parcel that joined up to my property in 2017 which had a nice Amish cabin on with dire need of some TLC, really wanted the property but didn't need the cabin as it was only a mile from my house, we put a lot of work into the cabin, added a deck, made it very attractive to city folks and have been very successful renting it out from January through Labor Day weekend, we then shut it down for the hunting season and have killed several bucks in the food plots and apple trees(you can see some of these on our videos) just below the cabin which also attracts the wildlife in during the "off season" for our rental clients to observe! We are actually making more money in rent in 8 months than the payments and taxes combined! You can make both work but it is all about the location and situation!
I think of my son who is trying to get into “the game” of owning land. He could find a small property that essentially pays for itself with tillable, CRP, and/or rental. Just convincing the bank is another hurdle…Nice job Bill!
Good video. Also, keep in mind, not all states or localities are created equal. Know the regulations regarding leasing, specifically liability. And make sure your insurance company has you covered!
Great info 👍
yeah we love these keep em coming
Fire episode
I’m the guy that doesn’t mind sharing my land for profit
Whatever it takes to own ground
I’m with Bill. I really don’t want people on my hunting land.
Love the ideas. Out of the box stuff for most rec owners. I’ve been thinking about how to have an investment/rec property and my plan is buy land on or with access to snowmobile and 4x4 trails and have a cabin rental in the winter when I wouldn’t be interested in camping that time of year. I’m with Bill. I’m hunting that baby!
What is CRP?
I really enjoyed this video. BUT. This is only an example of a landowner cashflowing recreational ground in the most literal sense. The owner derives no recreational (hunting) use from the property, so it’s just another investment for them. It’s semantics but pretty relevant for this channel’s viewership.
I dont want anybody on my north Mo 42 acres. My wallet is circling the drain but I don't care. There's those big deer/turkeys.