Recreational land... Anyone?

Question

Are there any success stories out there that involve a raw land or recreational land deal?

How did you use the property? Did it appreciate? What did you do with it?

Henry Clark · Answer

@ Mason.  Cargo Containers.  Add and sell as needed.  No property tax.

Mason Jeffries · Answer

@Chase Farley

Interesting. I’ll definitely check that out. Thank you.

I wonder what issues lie ahead with permits?

Mason Jeffries · Answer

@Henry Clark

That is great insight. Thank you

Henry Clark · Answer

Ok.  Look for property that has roads on two or three sides of it.  Contact your county zoning and see how few acres can you split the land and subdivide.  Internet.  Trees and slight hills.  Valleys for ponds.  Bus routes.  Side where the town is growing or towards a larger metro area.   etc etc.  Look for attributes that when you are done with the property if you choose to sale you can add value very cheaply and where over time, the property value will grow on its own.

Success story.  Bought land for $500 in 93.  Valued as ag today at $7,000.  Subdivided and selling for $50,000 per acre.  A lot of people have the $500 to $7,000 story.  What is different is our ground was located properly for further escalation.

Chase Farley · Answer

Hey @Mason Jeffries,

I want to do a similar thing in the next 5 years. The major issue is permitting Here is a YouTube creator that just started on a similar project (title included incase links aren't allowed). He is going to produce a class in the next few months on how he went through the process. Fair warning, he does a lot of fluff, and he is a bit quirky.

UNVEILING MY VISION FOR PHASE 1 OF MY TINY HOME VILLAGE and the truth behind why I chose Tennessee..

https://youtu.be/OlQYufEfBw0

Additionally,  he has a geodome tent for "glamping."

TOUR MY $3000 OFF-GRID GLAMPING TENT and find out what it takes to operate a Glamping experience

https://youtu.be/3xnpAH32pig

Mason Jeffries · Answer

@Henry Clark Well I really want to buy 50-100 acres here in TN to be used as for recreational purposes for my family. But I am intrigued by the idea of building a campground, cabins, yurts to use as STR to pay for some of it. Also hope to either build a family home on it one day, or sell it off way down the line if it makes sense.

Henry Clark · Answer

Please describe the land if you have it.  Or if you want to buy it.