Yea, that's definitely true. I suppose I'm looking for a fairly premium piece of land. I have in mind what I think is a mostly realistic number, about $750k. I believe there would be room to increase this, especially for a really good spot.
As long as I can cover property taxes and a few bucks on the note with a lease, I'm fine with it. The note I'll pay out of my ordinary income. My thinking is that crops will help grow and retain the wildlife I'd like to hunt.
I hadn't thought about buying extra and selling, I'll have to give that some thought.
Any states and/or areas you'd look at?
If you can find 100 acres of what you’re looking to buy for anywhere close to that price let me know where it is! LoL. I’d buy it all up at that price…
Here in TX, you might be able to find some shitty cedar scrub land, with no water on it (and no mineral rights) for that price, but anything with water, let alone forest and cleared pasture is gonna be $pendy. Easily 2-3 times what you’re looking to spend.
There may be places where that still exists, but probably not in any place you’d actually want to live.
Edit: you may be able to find something approaching your list somewhere out in Western Texas along I10 (but not near Lubbock)… but you’ll be miles from nowhere, which is actually not a bad thing TBH
Sorry to be Debbie Downer, but there’s a lot of competition for that type of place, and has been for a long time now. You’re smart to be looking for that setting, but the price of admission is very high right now.