Re: Any advice on buying land?
 

For SE Indiana, I would definitely not advise buying land that is more than $1000 an acre, particularly at an auction. You can probably find property for regular purchase for cheaper than that (maybe with some sort of water access), without the restrictions and extra auction fees. Unless there is a development eminent, that land will never be worth over 2K an acre undeveloped. Buying land to shoot on, with no other purpose, is going to be worth only the enjoyment you get from it, and not much else.

Also, not knowing your family situation, you should outline the terms of the agreement between you and your family before purchasing to know who gets what in a sale, buyout prices, sale prices and who owns what percentages. I know its family, but there are always situations where people will have problems. Particularly with the passing of one or more members of the agreement, as you will likely be purchasing the land for years and years. :2

Re: Any advice on buying land?
 

Thanks for the tips buddy :tu

Re: Any advice on buying land?
 

Any chance of being able to scout the land for the hunting purposes? I would definitely talk a nice walk through the property to look for sign before purchasing the land for hunting. Of course if you plan on a food plot then they come to you...

Re: Any advice on buying land?
 

No more than $1k an acre? You won't get anything for that price.

Re: Any advice on buying land?
 

So did you win? :hm

Re: Any advice on buying land?
 

Yep. We ended up buying both 11 acres of land. We paid between $2500 - 2700 an acre.

Re: Any advice on buying land?
 

Sounds like a pretty decent deal. I forget that land prices are much higher around here compared to the $1000 an acre you can get in Northern Michigan. :tu

Re: Any advice on buying land?
 

Here is a picture with the approximate locations marked by push pins:

http://www.ar15.com/media/viewFile.html?i=31609

Re: Any advice on buying land?
 

See what CA math has done to this poor man?:r

Re: Any advice on buying land?
 

Pretty cool lookin'. I would certainly check on the gun restrictions, it doesn't appear to be all that far from homes and neighbors. :2

Re: Any advice on buying land?
 

I don't think it would be a problem. It is out in the country and the neighbors were all out at the auction and were stoked that we bought it. My cousin got his huge turkey from this property. He is a state trooper for IN, and his neighbor is a retired state trooper.

Re: Any advice on buying land?
 

:r My dad, brother, and I were huddled up trying to do the math while the 2nd lot was going up for sale. My dad was still doing calculations when my brother placed the bid. We were like WTF! :r

It is all good though. The land is more valuable as a 22.something lot compared to a 11.something lot.

Re: Any advice on buying land?
 

That's what I would have expected...wooded acreage is more in the $2500/acre price than $1k. I sold my brother my share of the woods for $2500/acre 2 years ago, albeit an hour north of Indy.

Re: Any advice on buying land?
 

Thanks. Our land is in Liberty, IN which is exactly 1 hour from our house in Cincy

Re: Any advice on buying land?
 

That's only an hour from my place. So, when are you hosting a hunting herf? :D

Re: Any advice on buying land?
 

Liberty, In
About 30 mins from me.
ya out here people seem to go for either 1 acre or 20+
Thats not a bad price. can you tell me what road it off of.
It looks like half of it is tillable if im seeing it right. At least you got some people you know near to keep an eye out.

Re: Any advice on buying land?
 

315W off of Brownsville Road. We might let the guy to the NE of our land farm on it.

Re: Any advice on buying land?
 

Welcome to the brotherhood of land ownership. You know have a place to "get-away-to."

Congratulations!

Peace of the Lord be with you.

Re: Any advice on buying land?
 

Thank you sir. It is nice to have a country location. I have a feeling I will be taking multiple trips out there to spend time with my cousins and to just sit in a chair and smoke cigars. It is so relaxing and peaceful. It is nice to get out of an urban environment and go to a quiet place :noon :banger :tu -(P :)

Re: Any advice on buying land?
 

My wife's grandmother has owned land for many many years and leased it. There is a family who lives on it and farms it. They pay her a percentage of their profits every year. That's the only rent they pay.

BTW, nice pickup. I'm sure you'll love visiting that place for years to come.