I have a deal that I just can't quite make work as a flip but I can pick it up on slightly below market value with seller financing. It's 53 acres of prime Uvalde Co hunting land in the Northwest corner of the county about 45 min from Uvalde and 30 min from Camp Wood. It's just 1/2 mile off of County Rd 415, but that 1/2 mile is unmaintained, private road and is 4wd access only. There is a small hunting cabin on it but it hasn't been seen in 4 years. Power is close but not to quite to the property yet.
I really want to keep it for myself, I've always wanted a hunting property. I'm still negotiating the terms but something like $2k/ac, 15% down and 15 year note is where we are at. I know that if the 1/2 mile of private road access was better developed and had power to it this property would be worth closer to $3-4k/ ac. I believe this property will only get more valuabe over time too. I could buy it with little cash and a fairly low monthly payment, spend a few years hunting and improving it and list it for sale down the road.
There are no fences and all manner of game you'd expect in this area. I've never had more than a handful of opportunities to hunt and I'm really wanting a place to do so. My hope is I can have 1 or 2 other gun leases that can help offset the annual holding cost.
So my question are:
What is a year round lease would be worth for a property like this?
How many guns on 53 ac of very hilly area?
I really want to keep it for myself, I've always wanted a hunting property. I'm still negotiating the terms but something like $2k/ac, 15% down and 15 year note is where we are at. I know that if the 1/2 mile of private road access was better developed and had power to it this property would be worth closer to $3-4k/ ac. I believe this property will only get more valuabe over time too. I could buy it with little cash and a fairly low monthly payment, spend a few years hunting and improving it and list it for sale down the road.
There are no fences and all manner of game you'd expect in this area. I've never had more than a handful of opportunities to hunt and I'm really wanting a place to do so. My hope is I can have 1 or 2 other gun leases that can help offset the annual holding cost.
So my question are:
What is a year round lease would be worth for a property like this?
How many guns on 53 ac of very hilly area?