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Updated almost 7 years ago on . Most recent reply

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Alyssa Paros
  • Rental Property Investor
  • Johnstown, PA
42
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71
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Leasing farm land as a house hack?

Alyssa Paros
  • Rental Property Investor
  • Johnstown, PA
Posted
Has anyone bought a farm and leased the land to growers as a house hack? I’d love to live on a bunch of land, but my investor side cringes at paying for land that isn’t working for me. Any insight? Is it possible or worth it? We live in SW PA.

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Aaron Taylor
  • Olathe, KS
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Aaron Taylor
  • Olathe, KS
Replied

I know that in the midwest that isn't likely to work.  Land price is too high for what you can make on it as a farmer, so most of the time your cash rent won't even pay for the mortgage payment (it probably would eventually as crop prices rise over the years, but not to start).  I looked into it (my father farms part time) and there was no way to make the math work where he lives or where I live (Nebraska/Kansas).

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