New Guy here. I am a 35 year old full time farmer and Stock option trader. I love purchasing property, mostly open land. Closed approximately 20 pieces of property. All buy and hold situations. Land is necessary for farming.

I have listened to the podcasts and decided to join the network of forums. I do not have much knowledge in commercial or residential property but anything rural or large acreage I could help with. Also anyone wanting to talk stock options Id love help.

Look forward to talking and helping anyone in need. --James

Hello @James Boyd , welcome to the site! Here are some good places to start:

http://www.biggerpockets.com/meet - find and connect with other BP members that are in your area.
http://www.biggerpockets.com/alerts - Set up keyword alerts to be notified of the topics that interest you.
And, of course the
http://www.biggerpockets.com/forums - ask any question about real estate!
See you around!

Hey, I would love to talk options with you. I have only recently gotten into the stock market and I find it very interesting. That all being said my real question is about land. I have never held open, unimproved land and have heard people talk about fees, extra taxes and other things that are associated with holding land that you don't improve. 

I was curious if that was true or not. As I said I haven't ever done raw land before but have recently come across so great deals on land that I would love to pick them up to improve later. It just may take me a year or more to get around to a new build project and I kind of have a vision on one or two of the properties to have unorthodox improvements (cell towers, windmill generators, etc.) so it will take time to get that under contract and figured out. I don't want to buy a cheap plot of land that ends up being three or four times the price over time because I get slapped with fees, extra tax, etc. 

If you could provide any insight I would appreciate it, Tennessee and Kentucky can't be too different in that regard! Have a great day!

@James Boyd

@Zachery Buffin I have unimproved land in KY and I'm putting a cell tower on it. Good opportunity to make some income until you are ready to build. Takes about a year or more to actually get it up and running.

Originally posted by @Crystal H. :

@Zachery Buffin I have unimproved land in KY and I'm putting a cell tower on it. Good opportunity to make some income until you are ready to build. Takes about a year or more to actually get it up and running.

 Are you getting charged any additional fees/taxes for having the land unimproved? That is kind of what I am trying to figure out. A second question would be how you went about getting the tower put up, did they seek you or did you seek them? What (vaguely) did the contract look like?

@Zachery Buffin if you want to message me I can give you more info. I paid the taxes this year because the tower is not constructed yet. Once it is constructed, the tower company pays the taxes for the improvement on the land. I work with a company that negotiates the ground lease and secures the lease and basically takes care of everything. 

Can u request my friendship (colleague). I have a question for u

@Zachery Buffin In Kentucky there are no extra fees or taxs on raw land. Property tax is all, and that is very little.

Raw land is a great investment, and very simple.

What kind of farming operation do you run.  We graze beef, but I’m hesitant to buy more acreage without having another strategy should I not want to have cattle anymore.  I can make reasonable housing rents on any country property, but it wont cover the full bill.  Thinking about placing some value priced Amish built cabins that should work well in our area for vacation rentals.