Are We Selling Our Illinois Farm? | I Bought A Farm
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- čas přidán 6. 03. 2024
- In this episode of "I Bought A farm", the guys share what's going on behind the scenes of their recently purchased Illinois farm. Since closing on the property back in September, both Jared and Jeremy have had mature whitetail success on this piece of ground during the season. With just a few trips to the Illinois piece this year, it did not disappoint. Between trail camera pictures or just being out on the property, it didn't take long to realize the world class bucks that were on or surrounding this farm. With that being said, we're always looking for the next best thing. There's more to consider than just how a property hunts. With the real estate market today, you want to make sure you're getting a good return on investment. How can I make money off a property? How can I invest more into it to not only create a better whitetail habitat, but increase the value of the property too? These are questions you want to ask yourself when looking for your next farm. While it's up in the air what's happening with the Illinois piece, we're always looking for the right deal for us. Sit back, relax, and enjoy the show!
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It’s back! Been waiting for it since last fall when I binged the playlist. Pumpem out fellas!
Thanks man
suggestion, i think it would add to the podcast to put up pictures on your big screen as you talk about certain deer or land updates.
We are working on adding another “angle” which will be a screen shot
Long time listener and I just bought a farm in SE Kansas to hunt, which is a little over a 10hr drive. I enjoy listening to y'all share about your experiences, please keep it up. This fall will be my first time getting to hunt the property and listening to your experiences gets me excited about what lies ahead for me hopefully. I have met most of my neighbors and great people! Potential for some property around me to come up for sale soon. Send me a pm for information if curious, land sells FAST
Good job guys 👍
Thanks man
Better suggestion for this pod,...... keep em coming!! always good stuff
Thanks for the support!
So I've been trying to talk my wife into buying an ice cream stand.....because that sounds like an awesome idea!
Probably more wrong than right lmao,I love that jarred keeps it real. I appreciate the fact that yall are sharing your experiences on buying a farm so we can learn what to do and what not to do
Haha we definitely aren’t right but we are transparent lol
Regardless of yall being right or wrong yall have created a space to have the conversations that we all can learn from regardless of where you may be in your hunting journey.
Thank you man, that means a lot as that is exactly why we do this podcast
Yes totally really cool podcast y'all keeping it real with your extreme whitetail passions
Who is the timer co you guys use. Looking to have some Black walnut removed.
Im so blessed my folks, grandparents, and uncles bought our Illinois farms for $300 an acre in '93. But im looking to buy the neighbors and appreciate you guys sharing your land buying experience.
Man that’s amazing. Who would have thought where land would go since then, doesn’t even seem fathomable
@HUNTRPOD yea my folks always say, if they woulda know then what they know now, they woulda bought the whole township lol. But I count my blessing that they did what they did. So many people called my dad crazy cuz back in the 90's people could hunt anywhere. Well within 10 years all those people that said he was crazy got pushed off their huntn places because of leasing. Then suddenly my dad wasn't so crazy. But he told them all to pound sand when they started asking him to come hunt his places.
I can’t remember what episode that was where you guys were talking about long distance optics something about self leveling binoculars? Would you be able to let me know what binoculars you were talking about? Thanks.
Oh crap small World Don and I used to shed hunt together he’s from Northern IL great dude awesome photographer
Yes he is! Wealth of knowledge
I have a farm in Midwestern IL and over the last 10+ years cameras show the peak rut is Nov 11 plus or minus a few days depending on weather fronts
Locals call it west central il. Must be a southerner. They call it north Illinois and South Illinois instead of southern Illinois and northern Illinois as it's known as .Locals find it funny.
@ja1050 lol yeah that's what I meant to say. I don't know how I managed that
2 episodes in a week, awesome! The leatherwoods guys are right you could buy a ton of ground in PA and in a good area with that amount of money. I know you guys are not interested in that, so your looking into Kansas? And you can seriously get ground for 3-4k an acre there? I’m sure that’s going to explode over time haha great podcast love management season here through these next few months can’t wait to hear and see what you guys are doing.
Sounds like you guys got a great farm but the grass isn’t always greener on the other side
You guys are the real deal!
Haha thanks mom 😂
Haha thanks mom 😂
2 shows in one week 👏
That time of year!
Will we be seeing some filmed hunts on this Illinois farm?! 👀 congrats on the farm! Sounds like it is going to be an amazing place for you guys!
Man we keep talking about it…chance it happens but no promises
@@HUNTRPOD that would be sick! If you ever need a cameraman for any hunts hmu! I’m in Westmoreland county. I also hunt Ohio a lot! Always down to help anyone out! Would be a heck of an experience. Good luck with the farm and the season! I’m already excited. 😆
Tell Nick to overlay pictures of the deer you shoot as you are talking about them. Not sure I saw the illinois gun buck.
Noted👍 check out the video thumbnail for that gun buck
What is farmland selling for in SE Kansas?
Well at least your honest enough to say that if Ohio bans baiting, the small parcel hunter's chance of shooting a big buck is all but nil. Btw, when will Kevin cornpile Mullet be on the podcast?
You guys crack me up! I enjoy the hell out of you guys. Jared.... No baiting in Ohio...... Lets bait the shit out of Kansas! Just Kidding, Keep rocking guys!
Haha different zip codes different mindsets 😂
Check out 1,000 acres Chicot County Arkansas for Mississippi delta whitetail-duck combination
I'm going thorough all of this also. I have a two Kentucky farms and last fall, I purchased another farm in west central Illinois using a mortgage with payments at approximately $1,400 per month. Hunting in Illinois is a dream. Nevertheless, after the season, I got tired of the mortgage payments and my realtor was more than happy to sell it. He got it sold almost immediately at a price that paid his commission and my closing costs. I got back all my down payment which I used to pay off my truck and invest in Bitcoin. I'm now completely debt free and made enough money on Bitcoin to purchase a similarly priced farm with no mortgage. Sometimes you get lucky.
That’s freaking awesome man, nice job
Hey boys, love the show. On the money and debt topic… I encourage you both to read The creature from Jekyll Island by Edward Griffin. It’ll open your eyes to our financial system and how we went from having money backed my gold to nothing at all.
What County are you in?
Seems a bit early to move on from Illinois. Sounds like it is a Great farm that is closer, with good income and has good potential for this year. Trading that for a longer drive and no income (albeit more land) is tough. Likely need more land in Kansas to produce the bigger deer, given the habitat. If the IL farm appreciated that much already, that opportunity will still be there next year.
Appreciate the thoughtfulness Andrew! Talking out loud helps us think about it more and more
@@HUNTRPOD Sure you guys will make the right decision for you. Thanks for the behind the scenes look. It's helpful, as someone who is also thinking about jumping into the market.
You bet man
Fulton county? I hunt some farms next to Ben also.
Knox
Is that rate lock part specific to farms or is that an option on regular home mortgages? Interesting.
The part for $500 fee to get new interest rate.
Did you see the new Pennsylvania law saying you can't track deer after 30 minutes after sunset? Saw a video the drone deer recovery guy saying that
lol apparently it’s not a new law it’s just finally someone called it out and the PGC said “yea it’s a law but we don’t usually enforce it” … so dumb
Be hard to let that Illinois farm go, with the advantages that you have explained.
Yea totally agree, sometimes we have to hear it out loud to make a decision lol
I hope rates come down in 12-24 months for your sake and anyone else buying in the last 18 months. Being in finance I’d encourage you to inform the folks listening that rates coming down is absolutely a possibility but it’s in no way guaranteed. ARM’s can be a great tool when you can afford the risk associated. Conveying the idea that rates WILL come down carries a lot of responsibility. People take your advice as topic experts & it has the ability to change their financial situation forever. If rates go up there are real life consequences that many folks never even consider.
Absolutely man we are not financial experts, just simply people living in the situation and sharing those experiences
Hopefully you turned a profit or broke even 😉
Imagine what 1mil+ could get you in Pennsylvania. Hundreds of acres, oil and gas royalties, maybe a camp and possibly free gas and timber, hunting would be great too. You could make it a dream property and be closer to home to spend more time there. It would pay itself for taxes and everything. But, if your looking to make profit, then you have to dump stuff and reinvest elsewhere. The fear of doing what you're doing would be becoming emotionally attached to a property. This is why some deer hunters i know wont even timber thier property. They know they could make bank but they've held onto it so long they cant bare to see it go. You guys are on the right path. If your not sure about selling then ask really high! So High that you wouldnt think anyone would go that high because you just never know. Like you said "everyones got a price". High risk comes high reward.
What is the average rate per acre for good recreational land in Pennsylvania?
@@thehuntersight7548 it's varies so much you really can't put a number on it. It depends on what your using it for the type of land and what part of Pennsylvania your looking at. The only thing that's hard to get on a good property in pa is big bucks like they do in the Midwest. But it's possible to find the right property and build it up to get 140-160 class deer easily. Finding that property is hard but not impossible.
@@Leatherwoodoutdoors I guess that was my what I was getting at, you mentioned they could buy hundreds of acres for 1million and hunt big bucks close to home. I was curious what land like that was going for per acre
@@Leatherwoodoutdoors for instance, Texas is big and prices vary quite a bit based but I would say for a person wanting to kill a 150-160 every year, They should expect to spend at least 5k an acre and expect to buy 600 acres for more. Now the prices can vary quite a bit but just saying on average, doing due diligence expect around that amount to get you in the game
@@thehuntersight7548 I just did a quick search and found a property for 1.1mil. 461 acres next to 127,000 arces of public land. Partial waterfront property, oil, gas, timber rights included, deer bear elk bobcat coyotes, turkey. Atv and hiking trails. Secluded gated access and scenic mountain views. It comes out to 2500 an acre.
We are definitely in debt to China..Unfortunately they own us ...Great podcast ,keep it up.
Thanks dude
Dude the haircut, really!!
Grow it back fast. You look like a
Prison guard or a character from Deliverance...
Hunting is easier there. Don’t pretend it isn’t. That is exactly why you wouldn’t buy 1k acres in mountain Kentucky.
Whose pretending?
@@HUNTRPOD y’all acting like John isn’t correct when he said hunting is easier in the Midwest. It absolutely is.
Midwest, private farms, tons of money. Easy as it gets.
lol no we actually agree 100%. Jeremy owns mountain ground in KY so yea we get it. It took 6 sits to kill 3 mature bucks in Illinois…I’d say easier
$500,000 for it? Sorry but not for the average man cuz they can't afford it! I live in Illinois and own my Land, but didn't pay half a million for it! Cuz it was never put on the internet for people outside Illinois to buy it and flip it.
Ohio is becoming Pennsylvania. Zillion of hunters. All deer been killed. Over hyped. I'm over it. I've been all over Ohio. It's toast. It's trash. I'm going outta state. Probably Indiana.
There are some great places left but it’s been hammered for sure. PA and Michigan flock to it
@@HUNTRPOD they flock here with their crossbows. It's because its so over hyped by famous hunters for decades. Because we're famously known for being "nothing but corn fields" all them corn fields is surrounded by private tho. Most don't know that. Then the public is pounded or the deer are staying on private because you can only bait on private. How many people come here and leave empty handed. Every outta stater I've seen on pods all say the same thing. They was surprised by how much Ohio sucks. You'll find small bucks. You will. But thats it. It ain't flooded with giants. We got let people know. Iowa, Kansas and Wisconsin is where its flooded with giants. Leave Ohio alone for a few years and let it grow. Then come back.
Umm....frankly....transparent
Totally overused to the extent that it's hard to listen to.
Sorry didn’t realize we were doing that so much
Lol. What makes you bozos so sure rates are going back? If they do, there won’t be any easy loans as it would be a 2008 situation . “Higher for longer” is the path this decade. Wake up.
They always come down. It may coincide with a recession and likely won’t ever see the 3s we saw a couple years ago, but they will drop. You will likely see three drops from June until the end of the year getting us into the low 5s. I’m not a financial advisor (thank god), but o stay in touch with these markets closely
@@HUNTRPODalways is a strong word. And always could also mean a decade+ away or higher first. Are you really that sure inflation can’t spike again?
If we get a real recession, what makes you think anyone is gonna refi your loan? Besides 2020, the last 2 recessions would have made a refi very hard.
I’m hassling you on this because I see everyone making this same claim and decision “buy now and refi at the guaranteed rate decrease in a year or 2”
Anyway, gl.
That a good price for a central west farm have seen them sale a high as 7 000 a acr
Yep they are all $7k plus now it’s wild
You guys might need double the acres in kansas to produce the deer that you produced it all in a while
Very possible! Hard to imagine giving up a farm with known 200s in the area
And u guys are just learning that farm and 3 bucks down that's perty good.
Haha really good
Take it how you will, but this has to be a nightmare situation for that old man who originally sold you the farm. He was under the impression he was going to get to live out his days on his farm and now its being sold again and this time he has no control.
No we will 100% have that in the agreement. But he has said he was moving though we were never pushing him. More for health reasons
@@HUNTRPOD I think you guys would do the right thing and only sell if that's in the agreement. But I think we all know that old man isn't leaving that farm in anything but a wooden box
Haha no he’s not and absolutely would not make him leave
Your farm needs Russian comfrey..😊bock 14