Top 5 Things to Look for when Buying Agricultural Property | Farmland Real Estate Investment

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Ken McElroy

Ken McElroy

Күн бұрын

Пікірлер: 51
@yogeshshah4
@yogeshshah4 4 жыл бұрын
please do more videos on agriculture real estate.
@BrendaNolen
@BrendaNolen 3 жыл бұрын
Also, make sure your realtor knows farm land. Most city realtors do not: they see dirt. I can't tell you how many we have gone through to finally find one who knows exactly what we need (and what our words mean).
@laprepper
@laprepper 4 жыл бұрын
This is some high level analysis. Love it
@Erika_Catalan
@Erika_Catalan 4 жыл бұрын
Thank you Ken. Love your information. Very inspiring information to get into real estate.
@jordanaubrey-realestateinv334
@jordanaubrey-realestateinv334 4 жыл бұрын
I've never thought about real estate in this way before thx for the introduction.
@snoo333
@snoo333 3 жыл бұрын
first time subcriber. saw you on Rich Dad. loved your energy. You seem like an honest guy. hope to learn as much as i can from your videos. i am gonna purchase your books on real estate investment. I am almost 50, i wish i knew about this stuff when i was 20. thank you
@pmipjv
@pmipjv 4 жыл бұрын
Thank you for sharing these wonderful pieces of advise Ken! I love your show!
@budramkissoon7938
@budramkissoon7938 3 жыл бұрын
Thanks for all your golden nuggets
@amit04051979
@amit04051979 4 жыл бұрын
Thank you so much sir for this video I have a request Can you please make a video on the general expenses of a property and how can we reduce it. Thank you sir
@riconguyen9050
@riconguyen9050 4 жыл бұрын
Thank you so much Ken , buying agrucultural propoerty in Vietnam country , I focus on with purpose for factories & warehouse lease to maximum value .
@TheCapitalistPath
@TheCapitalistPath 4 жыл бұрын
Thanks, Ken!
@adamholbrook2281
@adamholbrook2281 4 жыл бұрын
I'd love to hear more about how to make a profit from being a landlord on vacant/ farm land. Something I've looked into, but it isn't as clear as having housing tenants. Seems like land prices are up, taxes are up and land rents are hardly or not enough to cover expenses let alone make a profit. What kind of loans can non-farming land owners get? I'd love to buy farmland, but just don't know how to make anything on it. Thanks for another great video.
@brandonm6052
@brandonm6052 4 жыл бұрын
I work as a farm manager for investors and non operating land owners. At this point in my area with prices you struggle to keep yearly ROI up to 2%
@BAOchsner
@BAOchsner 3 жыл бұрын
@@lmilostr If inflation continues to boost the prices of everything, the answer is: Probably so. You can take out a loan against the property, and use it to buy other hard and/or productive assets.
@kbuke4473
@kbuke4473 4 жыл бұрын
Thanks for the tips 😉
@BrendaNolen
@BrendaNolen 3 жыл бұрын
I am glad you mentioned the railroad. There are plenty of properties in my area that were part of various incarnations of the railroad. Think about the wonderful environmental practices in place in the 1800s. That is what you have to deal with. There are a few superfund sites in town but many more that were just built over without any testing. We're talking asbestos, lead, arsenic, and who know what else.
@janjoy9759
@janjoy9759 3 жыл бұрын
I found land of 12 acres of land for 166k. The 12 acres are agricultural, but it's on oil pad. It is also being leased for hay production. Is this a good deal? Or should I stay away from land on oil pads?
@blakem311
@blakem311 4 жыл бұрын
When leasing your agriculture land what's the best way to know what a fair price? Where I'm at in western washington I don't know where or how to look for comparables.
@laprepper
@laprepper 4 жыл бұрын
Compare rent toland price in a nearby area as a benchmark and try to adjust a bit for the area in question being a bit pricier area or not. Just my 2c
@michaelgilmore1720
@michaelgilmore1720 3 жыл бұрын
Check feed stores and Craigslist. I grew up in Port Hadlock.
@yoopermann7942
@yoopermann7942 3 жыл бұрын
me, i love marginal land my self, it makes real good grazing for livestock
@jordanroberts7931
@jordanroberts7931 4 жыл бұрын
Hey Ken where are you storing your money earmarked for the next crash? You mentioned a fund in another video, what exactly are you investing in?
@LUdaxia
@LUdaxia 4 жыл бұрын
my dad always wants a coffee farm, lol, interesting topic.
@michelled4388
@michelled4388 4 жыл бұрын
Can you list the top 10 online sites where people are able to purchase 500 to 1000 acres of zoned agriculture land. Also what would price per acre be at in 2020 for this land in the N.W. corner of Iowa close to Minneasota line approximately 7 miles to the boarder. How can I determine those per acre prices or to see the change in out right purchase price and for estimated cash rent prices for leased land in same region of the country. Please and Thank You.
@jeffreyhignight
@jeffreyhignight 4 жыл бұрын
Work with an Accredited Farm Manager (ASFMRA) or Accredited Land Consultant (RLI). They are the professionals in farmland markets.
@brandonm6052
@brandonm6052 4 жыл бұрын
There are 4-5 websites we use that are nationally linked to each other to some extent when marketing properties. If you google Land for sale in Iowa those websites should pop up. I’m going to toss a shameless plug to look up our Iowa managers on our website at Farmers National Company. We could help you find a property in the area to meet your needs, we do this for investors and through 1031 exchange all the time.
@VikKuk-rc1dw
@VikKuk-rc1dw Жыл бұрын
@@jeffreyhignight How do I find them ?
@leen3846
@leen3846 3 жыл бұрын
Leasing out farm ground doesn't even pay for the property taxes
@6789uiop
@6789uiop 3 жыл бұрын
I wondered about that, and also the government land programs
@jilliananderson3915
@jilliananderson3915 2 жыл бұрын
It’s not very profitable to grow food to sell for market / commercially. The federal govt has been oppressing the medium to small farmers for decades and they just turned up the dial. Ice Age Farmer’s YT channel covers this topic well.
@grahammewburn
@grahammewburn 3 жыл бұрын
Have the end in mind! The affordable oil age will end soon. So buy land you can cultivate without oil powered machinery. Please grow your own food
@billywalker9223
@billywalker9223 4 жыл бұрын
I have 402 acres of mountain land that I can't sell for $750 an acre. It used to be planted with tomatoes, but it's all big timber now. It has springs year round. It has about 4 million board feet of timber.
@craigbucl5965
@craigbucl5965 4 жыл бұрын
Still have it? Where approximately is it located?
@WestonMooreTheCarDealer
@WestonMooreTheCarDealer 4 жыл бұрын
@@craigbucl5965 Haha Same. Where she be Ill buy.
@rvboondocker2559
@rvboondocker2559 3 жыл бұрын
How much is a 2200 foot well?
@CrazyLakla
@CrazyLakla 3 жыл бұрын
Probably at least 1/4 million drill and compete. Doesn't include irrigation equipment and then the little problem of getting the permit to drill from the state. Pumping from that depth also is extremely expensive unless you can find one to flow, which is highly unlikely.
@bryea8503
@bryea8503 4 жыл бұрын
Great
@Graeberwave
@Graeberwave 3 жыл бұрын
Can y’all spend that energy fighting to decommodify water? Thanks
4 жыл бұрын
I only buy agricultural land. Taxes are dirt cheap. They don't make new land.
@brandonm6052
@brandonm6052 4 жыл бұрын
Well the taxes are cheap except for here in Nebraska where we can see per acre taxes just shy of $100/ac
@clinthoelting3479
@clinthoelting3479 Жыл бұрын
This too, shall crash. I was born and raised in a farming community in the Texas Panhandle. Even in this very rural area, land prices have skyrocketed past the production value. If a commodity isn't priced on production, then it is being priced according to the greater fool theory. The idea that a farmer can't afford to pay the bank, but can afford to pay an absentee owner is folly. Agriculture is a complex and volatile business that requires experience and dedication. Interlopers using money earned in other endeavors to force their way in is a recipe for disaster. Any fool can buy a piano, but that doesn't make them a musician.
@thompsonadamas5060
@thompsonadamas5060 4 жыл бұрын
When it comes to investments, diversification is key. I am a full time time realtor and partially engaged in trading stocks. I am new to this field but I have made significant amount of profit in just a few months of investing.
@Reddylion
@Reddylion 4 жыл бұрын
hmm
@tbrowne3734
@tbrowne3734 4 жыл бұрын
Big fish 🐠 always eat small fish 🐟. Nowadays must run business for earnings money also care for environment & care to community too. After corona viruses 🦠 human life will change for ever . We have to help others for get the world better place to live!
@danypheng7926
@danypheng7926 3 жыл бұрын
🙏😥♥️🌳
@tommysuria5467
@tommysuria5467 4 жыл бұрын
If you need chemicals now a days, you are the wrong kind of farmer. Hello Permaculture, dummies.🙄
@maitesmall
@maitesmall Жыл бұрын
Broooooo can you do a video on freight farms❤❤❤❤❤❤ I love your videos
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