Dropped a deposit on ~35+ acres today...

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  • Alpha.Geek

    Active Member
    Rating - 0%
    0   0   0
    Oct 18, 2021
    417
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    Tyler "suburbs"... :)
    My wife is trying to convince me to sell our house and buy some land in East TX also. We currently reside in DFW
    IMHO Sell now while it's still high'ish, rent until the market tanks, and buy more than you thought you could, for less money...
    (Unless you find a gold-mine of range-area, like me... I couldn't pass it up.)

    I bought my house Dec 2009 (low), sold in Dec 2021 (high'ish, but not top'd), and am just now capitalizing...
    I don't think it is going much higher, before the flop...
    Market flops every 10-15 years, I understand... and I am WINNING like Charlie Sheen...

    It DID take me 9-10 months of on-off Zillow searching to find this goldmine... I though tit was less, but including some time between searching, it was probably 9-10 months.
     
    Last edited:

    Eli

    Well-Known
    Rating - 100%
    1   0   0
    Dec 28, 2008
    1,733
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    Ghettohood - SW Houston
    IMHO Sell now while it's still high'ish, rent until the market tanks, and buy more than you thought you could, for less money...
    (Unless you find a gold-mine of range-area, like me... I couldn't pass it up.)

    I bought my house Dec 2009 (low), sold in Dec 2021 (high'ish, but not top'd), and am just now capitalizing...
    I don't think it is going much higher, before the flop...
    Market flops every 10-15 years, I understand... and I am WINNING like Charlie Sheen...

    It DID take me 9-10 months of on-off Zillow searching to find this goldmine... I though tit was less, but including some time between searching, it was probably 9-10 months.
    Problem is your money is going to lose a ton of value in the meantime. I have a client that did this last year (I'm a full-time Realtor), and has lost over 10% of the value of the net from the home sale.

    Eli
     

    Alpha.Geek

    Active Member
    Rating - 0%
    0   0   0
    Oct 18, 2021
    417
    76
    Tyler "suburbs"... :)
    Problem is your money is going to lose a ton of value in the meantime. I have a client that did this last year (I'm a full-time Realtor), and has lost over 10% of the value of the net from the home sale.

    Eli
    The only money I lost in the bank was when I saw so many guns hit the shelves again,
    AND THE AMMO, OH the ammo for 5.7, and .50 AE is crazy-town! :D
     

    OutlawStar

    Active Member
    Rating - 100%
    3   0   0
    Sep 14, 2017
    269
    26
    Anna
    Congrats on your purchase! As I'm nearing paying off my mortgage in the next 3 or so years, I'm now contemplating what to do and where to go myself. I like the little town I'm currently in and while its growing really fast I'm not in love with my current house. Zillow says its gone up $170k in the last 4 years (inaccurate I know) I'm weighing paying off the mortgage, then saving for another 2 years to start a new mortgage on 10-15 acres, then sell this house and begin living on that land after building a studio apartment or small guest house. I haven't spent much time in east Texas myself, not even sure if I want to stay in Texas but land seems like a pretty secure holding for land. Not sure if it'll go up as fast as an index fund, but I'm clearly not an investing genius. I can only attest the few people I have talked to that either inherited land or had my same plan bought below $5000 an acre, and now its up around $20,000 an acre over 10-15 years. Not a terrible investment but property taxes seems to take more of a cut that capital gains.
     

    Thumper7

    New Member
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    0   0   0
    Aug 10, 2022
    1
    1
    East Texas
    I think your estimate for a well might be a little low. My place is in Anderson County west of Palestine. I had a well put in about 12 years ago. It’s 540’ deep and was about 14k.
     

    oldag

    TGT Addict
    Rating - 100%
    7   0   0
    Feb 19, 2015
    14,371
    96
    My wife is trying to convince me to sell our house and buy some land in East TX also. We currently reside in DFW
    I would really like to live deep in the Piney Woods. But not sure I can convince the better half to move farther away yet from the grandkiddos.
     

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