Should I buy this 98 acres?
HTML-код
- Опубликовано: 3 май 2024
- #🏡 Exploring Property Deals: What Makes a Good Investment? 🏡
Join us in this insightful video as we embark on a journey to explore a potential property investment opportunity! In this episode, we delve into the key factors that determine whether a real estate deal is worth pursuing or not.
From location to market trends, infrastructure to potential for appreciation, we'll discuss the crucial elements that go into making an informed decision when considering a property purchase.
Whether you're a seasoned investor or a curious first-time buyer, this video offers valuable insights and practical tips to help you evaluate property deals like a pro.
🔔 Don't miss out on our future videos! Hit the notification bell to stay updated.
👍 Enjoyed this video? Give it a thumbs up and share it with fellow property enthusiasts!
✍️ Got questions or want to share your own experiences? Drop a comment below - we love hearing from you!
#bealygood #RealEstateInvesting #PropertyTour #InvestmentTips #RealEstateTips #PropertyInvestment #RealEstateAdvice #InvestmentProperty #PropertyMarket #RealEstateEducation #RealEstateInsights #PropertyInvestor #HomeBuyingTips #HouseHunting #PropertySearch #InvestmentOpportunity
Follow us on Facebook: / bealygood
Follow Us On X (Formerly Twitter) / bealyfarms
SIM Cards for the REOLINK Cams provided by Flexiboom:
Official website：flexiboom.com/product/sim-card/
Amazon: www.amazon.com/dp/B0B28MDWRR
Sound effects get from gfxsounds.com 
Хобби
I like the new gooseneck trailer you bought Chris🤣🤣🤣
❤😂😅
One of the mobile home owners said "I just saw Bealy Good drive by" The other one said " Oh crap, there goes our property values".
Love your LetsDig18 sticker on the rear window.
Respect for you not wanting to be the guy who kicks people out of their homes.
I’m sure big money will eventually, but I’m glad you’re better than that
The poor and Social Security and SSDI folks rely on government grants and loans. I feel sympathy for our old fogies not getting the help they deserve, We need people like you STEPHEN in this sick society. Imagine investing $1,000 and receiving $4,700.
You seem to really get a kick out of developing land. It's very satisfying to watch you and your family as you" polish the diamond". Best of luck pal.
One thing I love about your videos, Geoff, is how they make me feel by the end. It's mostly the content, but sometimes as in today's video, it's the combination of the content and the music. I am so uplifted by the whole thing. Thank you. A wonderful reminder, that even if you aren't starting a new adventure, each day is the start of something new.
I have to add, that your throwaway statement of "you're kicking people out of their homes and I don't want to have anything to do with that" solidified my staying on your channel. Too few real estate investors have those ethics and morals. Thank you.❤
Thank you Geoff for sharing your tips & your experienced views on how to properly approach investment ideal property. Your 1st tip is powerful. i.e. - If a property is on MLS & online for a week, it’s not going to be a gem investment. I get it. Find ways to gain access to real property opportunities *before* they open up to the masses. Connections, grapevine, & sometimes just pure luck. We know the good properties never make the listings for long, if at all…
Can agree with you on the surveying cost. I own a farm in Ohio and the estimate from the surveyors is between 10 and 15K. It can be inherited with the current old surveys but cannot be sold with them. One of the property corners is an Osage Orange tree that is over 4' in diameter. Some of the survey marks are a Black Walnut tree, a stack of rocks, an Iron pipe, top of the creek bank, etc..... A surveyor's nightmare of angles involved also.
I like the way you look at things with an open mind.
Look at the property crunch the numbers and decide what to do. Rotate the cash avoid tax and enjoy the fruits of your work.
I caught ld18 's new acquirement and now a little late your new risk at more development stuffs
Go.
You and Mr guins will push.
Thanks to all involved.
I really enjoy this type of video! Thanks phor taking us along for the ride!
Very informative video. Would love to see future videos on real estate development as I find it interesting. You always select the best music!
Build a huge wonderful log cabin right in the middle of it, with a pond/lake (Chris🤪) with winding road.
Thanks again for the great conversation
Thanks for sharing and keeping us in the loop
Thanks Mr Bealy for the video .
Thanks 👍
Thank you 👍
Dump site on each property is something i didn't think about that's a good tip
Thanks Mr Bealy . Interesting information
Good info, thanks for sharing!!👍🤗🇺🇸
Thanks for the info Geoff. Would be an epic project if you decide. Keep well!
Very good video...thank you.
Exciting Geoff
Thanks for watching. Hit the thumbs up, like, and subscribe. See ya in the next one.
Thanks, Geoff- learned a lot from this one.
Another beautiful piece of property. Good luck on your new adventure.
very interesting
Good luck with this one Geoff.
So interesting the journeys you take us on. Great information for other investors.
Wow BealyGood u gonna hit 30,000 soon! Proud of ya..been here since the beginning
Thanks for sticking around 😊
Mr Bealy Good - Sir.... I just love the way you go about things - you're kind, sympathetic, honest and completely genuine. Thank you for letting me share your adventures with you. In an otherwise dull and dreary world you (and Chris) bring a ray of sunshine to it.
Thank you kindly
It’s a beautiful area I personally could not destroy it
Thx for the interesting video. Hoping that this one works out for ya….sometimes the ones that get away will torture you but other times, it’s more like dodging a bullet. Either way, you cut it loose and keep moving.
Good luck have a great evening 👍🏻🇺🇲
Hey Dr. BG, Good Luck with your decision??!! So much thunking to do...the brain starts to hurt. Thumbs up! Jim
Nice looking property I hope you get it, would definitely keep you and Chris busy for some time. 👍🏻
Fascinating video sir, many thanks for making it and sharing it 👍🏻
Glad you enjoyed it
A good candidate for a 10 acre pond bro and put sections all around it. Cheers for showing too. Safe travels. Ken.
You need to keep Chris working so he can buy more toys.👍
Did you see his newest?
👍👍👍
I would buy the 98 acres, clear a spot near the middle for a big pond and house and call it home. There is 400 acres here of mostly bush for $399,900 CAD or the 536 acres for $1,150,00 with a lot of river front on the Assiniboine River that would be almost perfect but alas I am poor and nearly of retirement age so could not come up with the 10% down.
10% down would be so nice. Here for Land, they will loan 75% of appraised value
The realtors have people in the area that might want property that they contact immediately upon getting property listed. Many realtors also buy property. If they don't buy it or have a buyer, they advertise the property on the multiple listing service.
we just went to 11.8 million in invested land.. we keep all the money reinvested as we make profits. keep it up.. most i save and rent out for hunting and camping extra. only about 10 percent we know turn over by doing what your doing. at first all most all of our property we turned over with in two year. keep it up!!
Thanks 😊.
I bought land that had been on MLS for a year.
3 weeks later, I was starting to fence it and a realtor stopped by to offer 2.5 times what I paid.
Current value 3 years later is 5 times what I paid.
All "rules" of real estate only work 90% of the time.
Definitely not the norm. I wonder why it suddenly became a hot property 🤔
If I can make a suggestion, my dad, who is 97, would buy farms, change the zoning, plat it and flip it. He and two or three partners seldom invested more than $50k, back in the 1970s, list it with a guy who specialized in subdivisions and never mess with it beyond that. That way he looked for the profitability rather than marketability He focused building specs in the sub wanted to keep while maximzes cash flow. It also allowed him breathing room for charitable projects for the write offs. He made it possible for my brother and me and a sister, to make a good living... Until the economy went tits up anyway. Then he still had subs ready to sell to other builders or bare land to other developers.
I should have he optioned farms, gave farm owner a piece of the action, hired the same guy to do all the engineering, gave him a piece plus costs, the same people to do the streets, sewers, power lines, gave him a piece of the action plus costs. The risk was always shared along with the profits. Everyone had reliable work where the their overhead wss always covered and made a some on the front end too. It worked for devades including the engineer who is now one of the biggest builders in the state. The motto: always leave some for the other guy.
A lot of great tips Jeff that I had no clue about. But how do you find the investors that are willing to invest in the properties? Also, are these properties usually zoned for redevelopment? Great video!
In my case I am able to use my connections from years of working on the homes of high net worth individuals. Many of the properties here are zoned for a minimum of 40k sq foot lots. Thanks :)
What prices per acre are the trees bringing now?
Do you look for properties that you don't have to cut roads?
Thanks for all the info. I've been interested in this process for some time.
I look forward to more videos on the subject.
The prices vary a lot depending on if the growth was managed or just left to nature. $1000 - $1500 an acre is average. Road frontage is definitely a big plus.
Land must be gold out there with the figures you expressed. It sounds like tree harvesting is worth much more money than the trees in Wisconsin.
Do you also consider developing the land as a hunting / fishing property for resale? Clear some food plots put a lake in keep the timber as ongoing revenue where possible and sell it on in that state?
I’ve been looking for land like that. Most people with tracts for sale don’t even respond.
I'd love to do the big property deals but like you said $15k for a survey when the previous owner is supposed to supply it but you still have to verify it. On top of the commission you have to pay realtors. It all sets you back but you factor that in on your .25 acre lots when you develope it. You really don't lose money on land you build houses on though or big companies wouldn't be forcing land owners to sell
The smallest lots I do are 3 acres but I like doing 5 and larger.
Have to be really careful with property not surveyed. Sometimes, you can get into a property with a very poor description that ends up in boundary line agreements with neighbors that end up with much less land than advertised. I love buying neglected property that needs cleaning up. My current property i am working on has went up 400% in assessment after i cleaned it up and removed all the trash.
That’s really good advice I didn’t talk about. There’s lots of money to be made in doing the work that others don’t see or don’t want to do.
I wish I could do something like that.
Use some time looking for deals. Money guys are always looking to pay finders fees
Do you look at using the Williamson Act on these large properties when you look at the timber aspect, or livestock aspects?
Around here you can put the land in AG (livestock or crops) or Forestry. You get the tax break but if you remove it then the penalty is they charge you 3 years of past deferred taxes. You can also put land in conservation. One of my great uncles did that. The land can never be divided.
Nice looking piece of property but wow on the price for a bunch of dirt and trees and atleast you have your own construction company to do any clearing or road building lol
Buuuy it!!!
You mentioned the price is just over $1M. I know nothing about raw land speculation but I found it interesting when you mentioned harvesting the timber in addition to development. What would be your rough estimate of timber value on 100 acres like that?
Very different prices for managed timber vs not. $1K - $1500 an acre is a good starting point. But unmanaged can be a lot less. There are professional estimators that will do an evaluation and negotiate the price for you.
I learned something today. Thanks for the lesson. From the looks of the drone footage there's a fair amount of trees. I would guess the selling price has part of the timber value built in, but overall you'll get a bit of a timber ROI, part managed or not. Helping to lower your average cost per acre and how that goes into the equation when you go to sell lots. Fascinating.
Gotta keep them projects coming or else you’ll be bored.
That one is not for you, the parcel of land is fine, the location not so. I am not in America, however I know you do not want Mobil Homes and a starter home Sub devision near by.
Jeff, here in California it takes up to 24 month for subdivision map. How long to map a property in NC?
Depends on number and size of lots. You can get under 10 done relatively quickly. More than that and plan on 6 months to a year.
I would be interested in a video all about making money off property.
The mobile home thing in general that are very poor investment it's instant gratification to be able to move in a week after you make a purchase there is some cost-saving factors to consider. Light temporary housing to your structures built.
The problem with mobile homes are they lowered the square foot price for the existing area tremendously typical Banks won't loan money on a mobile home they just considered a land value.
11 K per acre for undeveloped property seems pricing especially when you take into account the 35 Plus K to develop each acre that's land clearing and dealing with some type of watershed depending on the Topography of the ground those numbers would be the very low end and that's not for any type of utilities then you can't land lock potential buyers so now I have to build a road structure what's some type of storm drain system most folks like to just make a bunch of ditches all that is a maintenance nightmare Angels spend 10 times the amount of money in the long run is if you just put storm drain system in the right way the first time and making sure all the electrical is all underground with Transformers. When it's all said and done by the time of potential purchaser makes the purchase to build a dream home you could have a lot of money wrapped up in the Land Development process with lots of hidden costs. For an individual to jump into an Endeavor like this using private financing they better make sure they have real Deep Pockets including the man with the idea because once you start doing this ain't you run out of lending power you have a real big problem one would have to settle all the liens against the property to be able to go to a bank and get conventional funding in time is money this process doesn't happen real fast it can take well over a year.
I have some experience with this I found its best to go It Alone come up with a solid plan and then work your plan the problem when you get other individuals involved their situations change due to various reasons It ultimately will make you change course and can't have the ability to leave a sour taste in your mouth.
But when you go It Alone AKA self-funded out of your own cash no bank loans no personal loans at the end of the day you can always depend on yourself have a great plan and work your plan and have real Deep Pockets because the economy may change when the project is completed and you may have to sit on the property for a long time to get your numbers most people don't do that they just have a fire sale and lose their ass. I agree with you totally you need to know and do your homework you need to know what you're getting involved with it's not for everybody big reward involves big risk land developers are filing bankruptcy all throughout the United States with the economy like it is plus the interest rates like they are it's not a real good time to be buying and developing property off anytime I think the smart money is buying a accumulating property and sitting on it and let the numbers come back around to make it more attractive. Life is like a wild roller coaster ride a lot of ups and downs in every industry in every aspect that's just the way of life it's been happening since day one it's like that old Kenny Rogers song you got to know when to hold them and know when to hold them if you can figure that out it will keep you out of bankruptcy doesn't matter who you are or how much money you have extremely wealthy people file bankruptcy because they made the wrong Gamble and lose it all I spent my years in the oil and gas industry I've seen people with real money like to lose a hundred million dollars and not bad and I in a couple went broke they lost it all live in a meager Little House on a one or two acre lot drive an older cars because they made some bad choices it's not that they were dumb people they're extremely smart and they'll probably regroup and make a comeback but I think they're not going to try it because her aged out they're too old the problem is they just relied on lots of other people everybody had an oar and a boat to paddle and not everybody paddled and there's always going to be a Fall Guy generally that person's the man at the top.
I have most of my own equipment several pieces of the same type for redundancy you might want to think about buying some of the stuff Chris is good but he's expensive and rightfully so your pain or person for their knowledge and their ability to get the job done and to be honest good people that have integrity and do what they say they're going to do on a handshake generally cost a lot of money but you can rely on them in the man of the word and you can make money with people like that the problem is that they may not always be available and you need to move on something it's nice to have the equipment and just find an operator for a day or a week or a lifetime get ready to have about 5 million extra dollars as one big boat anchors because acquiring it and buying it is the easy part keeping an operating and operational is the hard part my suggestion would be spend a lot of money on the operator and be very selective who you actually put on the seat make sure they're going to take care of the equipment good operators take care of the equipment keep the machine looking nice and clean inside and out most operators can take a machine that's a year old and it looks like it's been in a war zone all this is food for thought.
There's an old saying in the south a Bird in Hand is better than two in the bush know your limitations and don't let your Ambitions outweigh your talent.
That was a read! 😁. Good points though. This is why I like to develop estate lots.
Damn, I thought I was reading a novel for a moment. All your points may be valid. But, considering this vidoe I just watched. I truly beleive Jeff has concider most if not all you addressed.
Another thing. Why by the cow when you can drink the milk for free. In other words, Chris owns the equipment, and has his own sub contractor/operator's. Making this using him cheaper that buying and maintaining, leasing them, and as you acknowledged, find operators you can trust to actually give a shit about equipment they don't own, (using the thought, "operated them like ya stole it mentality") making greater sense to use the professional, knowledgeable, trusted, owner operator person, and just drink the milk.
👋👋
thanks for sharing your knowledge, 👍👍👍👍👍
What do you look for in an investor besides the obvious . Also what do these investors look for as a time frame as to when they can expect to start seeing a return for their investment . If you were to develop it would you build one at a time or several ?
Depends on the project.
Well it rules me out. Gotta be rich to get rich nowdays.
Just need to be able to find deals and work with municipalities. There’s lots of money guys that want to put it to use. Deals and people that can make them happen are hard to find.
By looking at the video would say you pretty safe with this property unless some hidden surprise , you have good eye for land how to bring out it strong point you must have a following of people who look for this type property that you develop, must be a market for that in your area?
Right now there is.
Many times, the owner will start the land at a price too high for investors who want to steal the land. My family farm was purchased for less than half what the owner wanted. It took us 10 years to get the trees cut back, buildings replaced, and fields reclaimed.
If you get that 100 acres you are going to keep Chris busy 😅
Do you like to look for land where ponds could be dug or would you rather have big trees and more building sites?
I look for anything but I do like properties that can have water features built
At $10K an acre, you can make a killing. Development costs where I live run 25% of the selling price per lot. At $150k for a 10000 ft lot here compared to yours, your land costs
are dirt cheap. 12 unit lots are a $million an acre in Boise, assuming you can find one.
Looking at the maps ,it's nice to see plenty of green in the county,but that will get eaten up quickly.
Do you class these areas as residential,or semi rural ?
I suppose there must be a limit to have w far out you go ?
If Chris has to do the boundary clearance,he will need a few boxes of Factor meals so he can go non stop
This is still semi rural. Forestry there isn’t a limit to how far but development needs to be relatively close. For now.
By the time 20 years has passed, there wont be a 5 acre lot within 50 miles of Zebulon you haven’t touched! Who knows, maybe you will have a hamlet named after you! You already have a street named after you, that’s the next step.
Bealy Guins county
Buy the property, divide it into 1/2 acre lots and lease the lots to people with mobile homes. Put in a park and some trails, then sell tornado insurance cause they're gonna need it!
He would have to pay a fortune in developing infrastructure before that could happen.
[10:42] Chris is rubbing his hands in anticipation of Bank-Of-Geoff and another big burn :-)
Buy it Chris just bought a New gooseneck he's looking into a Peterbilt and 50 ton lowboy so he can move his own equipment he's going to need roughly 400 grand to get the purchase up and going 😂😂😂😂😂
" Charlie,what you got in the way of cheap tractor unit?
JoCo. Still a some undeveloped land there.
Interesting !! I have a ?? Geoff.. Kinda off topic but, I know your the "Gadget King" lolol... What would be a good mid-range drone to start with ?? Simple to fly, camera, ect. My Wife keeps asking me about one and , first thing I thought of was you !! lolol...He'll know !!
The DJI are what Chris and I use. You can definitely spend less but you lose a lot of auto features like obstacle avoidance. Which I tend to need, lol.
@@BealyGood Cool !! Thanks Man... Well be checking here shortly !!
I'm kinda curious on what it costs to clear the land.
4-5k per acre
@@BealyGood thank you for the info.
BG has it going on...Great Vid👍👍👍👍👍👍👍👍
Thanks 👍
Kind sir. Still not seeing if you got this property!!
Is the big concrete pour still on for this week?
We’ll see. Weather is against us this week.
Yes quickly buy it ..otherwise a 'roque' will be your neighbour giving you hard time lol 😂😂❤❤
Geoff, there's no water on the property.
There are three creeks
Couldn't see it for the trees.
Any zoning regulations?
It’s ag/foresty or low density residential
Anyone in real estate already knows where they want to buy the property and wait for it to hit the market. You will not know this or understand it if you're not in it.
As a Brit who watches yourself, Chris and Andrew Camarata, if I didn’t know any better I’d think the USA was absolutely nothing but trees!😂
You aren't watching the channels covering the Midwest farms, where a "family farm" can cover a few thousand acres (a half dozen square miles) of fields easily, and far more if it's used for pastureland.
@@jayschafer1760 Wait till he finds out about western Canada fields... they say you can watch your dog run away for 3 days. 😂
Buy the bigger piece of land for the better price
The bigger piece is 1.6
12K a acre sound a little steep, even for Kallie 😮
They are paying 35K in East TN! No joke! I had a friend who bought 4 acres in our unincorporated hamlet halfway between knoxville and another town, and it was 156K. No joke. And she was glad to get it-acreage is extremely hard to get now.just the land, no development
That’s a pretty good deal around here.
Did you get it? I hope to see you talk about it in the comments.
So far , no.
@@BealyGood Well, with that response, it seems like that the property may still be in play. If that is the case then I hope it works out in your favor.
Yes I think you should buy 98 acres
have you thought about investing in bamboo.
I haven’t
Has it got a swamp you can get bogged in?
Unfortunately for y'all, no. lol
I was quoted $8k plus tax just to mark the four corners of my 5 acres.
Wow!
Mr Beal-Haney Land Speculator Seminar Pitch: "I've lived in a mobile home, a double wide."…...a tar-paper shack, a lean-to skillion, a straight up hovel, the trunk of a junkyard Studebaker, just a basement with no roof, that's called a hole. I learned to appreciate caves. The worst was the Haney Place I renovated.
Chris is going to have to hire someone full-time.
buy it an d
are there any wetlands on the property?
No. There are some creeks
You ever buy anything closer to a town with sewer and water and develop it into lots?😊
Not yet. The municipalities tap fees are about as expensive as putting in septic. But maybe the right property will come along.
That young timber doesn't look like a good investment unless Chris is going to clear it and complain about how it's a pain to deal with .