RE: just an idea
That is a GREAT idea. Only, you get a few people together and buy about 500 to 1000 acres, depending on what you can afford. Be sure they are close friends, and ALL rules on use and work on the property are spelled out completely. A good way to finance this is, since many people's houses have gone up in value, take a second loan out on your house to finance your portion of the land payment. You can get around 6.5% or less for 15 years, and not have to worry about higher, AND floating land loans.
I bought 120 acres and am in the process of having a cabin built there. I have ZERO regrets. My friends enjoy hunting there, and it has more than DOUBLED in value over the past 5 years. Owning land is great if you have good wildlife there, and locals who won't trespass and poach on your property. The more remote, the better, and cheaper too!
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