Hunting / recreation and timberland values in your location?

[Foggy47]

You would be very wise with a purchase like this assuming as with all real estate deals
You can afford to buy it
you can afford to keep it and sell it when YOU are ready
Since this thread is about recreational property then are you passionate about it
And with that are you willing to invest in it
Probably other questions but that is a good start.
Here is why I think you are wise
As I review recreational prices mentioned in this thread most range from min $3500 acre to much more. Many that buy at that price ultimately sell parts to make the purchase more affordable. At $1000 acre you are already ahead of the game. Smart buyers look for underlying advantages beyond just the direct recreational value though I argue creating top quality wildlife habitat has a very strong multiplier effect on property value.

Now , specifically, why would $1000 /acre in the area along the Rio Grande River between Guerrero Coahuila and Nuevo Laredo Mx. be wise. First, again since this thread is about recreational property I argue there is no finer wildlife property in N. America But thats just me. So if one can afford to buy recreational property this area cant be beat! Second, prices have been steadily going up since the 90's once folks figured out how extraordinary this area is. But here is the real kicker. This area lies right in the middle of the Eagle Ford Shale oil/gas play. One of the largest plays in N. America. Mexico imports most of its oil/gas. Pemex doesn't have the technology or money to exploit the play. The current President of Mexico is anti fracking. BUT ... it is easy to believe that the day will come when the U.S. is allowed to exploit the play and the framework is already in place for landowners to benefit. So, if you are in a position to hold the property for a while..like the 25 years you mentioned... your $1000/acre purchase just became brilliant creating generational wealth...if only you would have bought my 2300 acre pasture.

For chuckles, directly across the river 2 mile away, the Faith ranch leased his 40,000 acres for $10,000 acre plus 1/3 royalty. That suggest how lucrative the play is.

BTW, its $2,300,000 for 190's not $2M :)

I am onboard with your plan and investment opportunity. Not sure how much time you need to spend in Mexico for upkeep and projects on the ranch? or if you have someone to manage your property? I'm too old to want in on a plan such as yours.....but I appreciate those that might like this idea. Almost all land bought for fair value seems to provide for the owner given enough time.

Curious tho if you have any concerns with the cartels? or potential for nationalizing your land? International ownership has its own risks.....and that is not a small investment. Absentee ownership can have it's own set of problems. The world is changing fast. Curious too if many smaller parcels sell to Americans? Say 200 to 600 acres?

 

[Mortenson]

I recall Baker showing reconyx pics some yrs back of coyotes leading aliens through his pasture. Would make a nice bullet point on the whitetail properties listing!

 

[b116757]

When I first started buying ranch land in Mexico back in 1996 I paid $65 an acre. Today premium quality hunting property in our neighborhood goes for $1000 acre. Thats still the best bargain for hunting property in North America.

I was under the impression a foreign resident couldn’t buy land in Mexico is this not the case or do you have a workaround?

 

[Hoytvectrix]

I saw recently that Winke's original property is back on the market. I thought they had originally sold it and it was split up. They put together a cheesy youtube video and were even working in a few of Winke's expressions.

Dream Big With The Iconic Winke Farm | Whitetail Properties

This listing offers a one-of-a-kind opportunity to own the iconic farm of former owner and renowned whitetail hunter, Bill Winke.

www.whitetailproperties.com

I only bring this up because Winke's farm was mentioned a few times in this thread or another one on the same topic.

To top it off, he showed up in the video's comments lol:


Just makes me respect the guy that much more. Not that I had much respect for them before, but whitetail properties just come across as losers in all of this.

 

[Howboutthemdawgs]

I saw recently that Winke's original property is back on the market. I thought they had originally sold it and it was split up. They put together a cheesy youtube video and were even working in a few of Winke's expressions.

Dream Big With The Iconic Winke Farm | Whitetail Properties

This listing offers a one-of-a-kind opportunity to own the iconic farm of former owner and renowned whitetail hunter, Bill Winke.

www.whitetailproperties.com

I only bring this up because Winke's farm was mentioned a few times in this thread or another one on the same topic.

To top it off, he showed up in the video's comments lol:
View attachment 64447

Just makes me respect the guy that much more. Not that I had much respect for them before, but whitetail properties just come across as losers in all of this.

I have a strong negative opinion of whitetail properties so I’m dang sure not defending them, but why do they come across as losers in this?

 

[H20fwler]

Just since this thread was started last year all types of ground in my area has jumped 30% or more.
It makes no sense to me at all in this economy.

Hunting lease pricing is climbing here too, I was able to pick up two new leases with options to buy this spring.

 

[Hoytvectrix]

I have a strong negative opinion of whitetail properties so I’m dang sure not defending them, but why do they come across as losers in this?

Basically how they are leaning so heavily on Winke'isms and the history of that farm. I am sure that because they used so much footage from Midwest Whitetail's youtube channel, they bought the rights to the footage. Even though I am not in the market for buying or selling land, I still come across their advertisements or postings for pieces of properties. They are consistently the worst for hyperbolic language in their advertisements.

 

[Hoytvectrix]

Just since this thread was started last year all types of ground in my area has jumped 30% or more.
It makes no sense to me at all in this economy.

Hunting lease pricing is climbing here too, I was able to pick up two new leases with options to buy this spring.

I feel like hunting leases don't get enough attention for what they are doing to land prices. Jake on the Land Podcast has had a few guests on that have talked about the increase in cost of leases.

I don't think the number of hunters have increased in the last few years, but there are certainly people that are hunting a lot more, or are at least willing to pay more to do it, whether it is on a lease or a piece they bought.

 

[Howboutthemdawgs]

Basically how they are leaning so heavily on Winke'isms and the history of that farm. I am sure that because they used so much footage from Midwest Whitetail's youtube channel, they bought the rights to the footage. Even though I am not in the market for buying or selling land, I still come across their advertisements or postings for pieces of properties. They are consistently the worst for hyperbolic language in their advertisements.

Me and my buddies have a joke about their listings…if you can’t find the word diversity in it I’ll kiss your ass! Generally you can’t even make it past the headline

 

[H20fwler]

I feel like hunting leases don't get enough attention for what they are doing to land prices. Jake on the Land Podcast has had a few guests on that have talked about the increase in cost of leases.

I don't think the number of hunters have increased in the last few years, but there are certainly people that are hunting a lot more, or are at least willing to pay more to do it, whether it is on a lease or a piece they bought.

As our family keeps growing I'm keeping my eye on decent hunting ground close to me so we don't get overcrowded. I usually lease for a few years to check out new spots good, if I really like it I try and negotiate to purchase.

 

[Bill]

You fellows just wait til I sell and you have to watch the Diversity and Bill'ism in the commercial

 

[Hoytvectrix]

You fellows just wait til I sell and you have to watch the Diversity and Bill'ism in the commercial

Hopefully that isn't anytime soon

 

[roymunson]

Seems like the Whitetail Properties guys are full on retailers to the yuppies. I enjoy finding a piece with upward potential and getting it to it's potential. Who wants to buy it all set up? The fun part is the setup.

 

[Turkish]

Seems like the Whitetail Properties guys are full on retailers to the yuppies. I enjoy finding a piece with upward potential and getting it to it's potential. Who wants to buy it all set up? The fun part is the setup.

That’s actually one trend I’ve been watching. I’m hoping the spread between turnkey properties and rough ones widens.

 

[Hoytvectrix]

That’s actually one trend I’ve been watching. I’m hoping the spread between turnkey properties and rough ones widens.

Best case scenario: the ceiling (turnkey properties) is likely going up but the floor (undervalued properties) is staying the same. Jake Hofer on the Land Podcast has been talking quite a bit about this. The inefficiencies in the recreational land market are slowly but surely going to get figured out. I don't think he is basing it on anything other than his own observations. I am sure there will continue to be lots of great deals out there, but they are only going to be more difficult to find.

I am not sure if that spread really widens, or if the undervalued properties just lag behind enough for some people to find good deals. I can't imagine anyone on this forum really wants to buy a turnkey property. One thing is for sure, they are making the markets for recreational land prices.

 

[Ben.MN/WI]

In my area of SE MN, the Whitetail Properties realtor frequently has both raw and turnkey properties for sale. I was very impressed with our purchase through him last fall, and I would definitely use him if I ever sell any property.

 

[Bill]

Hopefully that isn't anytime soon

No plans but life is a funny thing..

 

[4wanderingeyes]

Seems like the Whitetail Properties guys are full on retailers to the yuppies. I enjoy finding a piece with upward potential and getting it to it's potential. Who wants to buy it all set up? The fun part is the setup.

Right, like me, purchase land that is over populated with wolves and bears, is prone to extreme hard winters, and try to get decent deer. I have fun doing it, have small expectations, and have no regrets.

 

[Howboutthemdawgs]

I’ve see two good looking properties, one in Missouri and one in Wisconsin, reduce prices this week. They seem reasonably priced at least now. Wonder if there’s some cooling going on.

 

[Brian662]

The *asking* prices in my neighborhood in WI are out of control right now. They've gone up $1,500 to $3,000/acre in the past three months. Absolutely wild, don't know how many of them get their price though. I'm tapped out, so I'm only window shopping.