Whitetail Deer Hunting Gain a better understanding of the World's most popular big game animal and the techniques that will help you become a better deer hunter.

buying land with others?

Old 10-06-2010, 09:18 AM
  #11  
Fork Horn
 
Join Date: Sep 2010
Location: Farmville, NC
Posts: 109
Default

Much better to lease with partners than to buy. Partnerships suck!
Been there done that.
Patrick Eubanks is offline  
Old 10-06-2010, 09:57 AM
  #12  
Typical Buck
 
kswild's Avatar
 
Join Date: Aug 2008
Location: Kansas
Posts: 616
Default

Buying land with others.... One word of advice.....Don't
Live it up! Doug
kswild is offline  
Old 10-06-2010, 10:53 AM
  #13  
Typical Buck
 
Doubled 150's Avatar
 
Join Date: Nov 2006
Location: MO
Posts: 643
Default

My dad and I went 50/50 on some land. The original deal was I would pay off my half and then buy the other half off him. A couple years later, another small piece of land that joined us came up for sale with a trailer on it. My dad bought that himself. That's cool. I thought I would just buy that from him when I paid my original half off. It took me 5 years to pay my half off. Then dad decided he would just sign his half over to me and my brother and sister and it would be a place where the whole family could hunt and ride four wheelers and horses. No thanks. Luckily, some one made us an offer for the land that we couldn't refuse and we sold it.

I won't partner land with anyone ever again because, eventually, some one will have a different idea of what's best.
Doubled 150 is offline  
Old 10-06-2010, 01:03 PM
  #14  
Typical Buck
 
mr.mc54's Avatar
 
Join Date: Dec 2008
Location: N/W WI.
Posts: 814
Default

If you do it, make sure it is an equal ownership. Do NOT have one owner own more shares or value. Too many friendships have been ruined because of the majority owner. I myself would never own a partnership cause a certain few always end up doing all the work. As others have said, if you do this , have an attny. draw it up legal and right the first time.

Good Luck!!!!
mr.mc54 is offline  
Old 10-06-2010, 01:57 PM
  #15  
Banned
 
Join Date: Sep 2010
Posts: 220
Default

Originally Posted by UPHunter08
If you do it, even if it's family members, incorporate it. This will protect you from liability. If someone gets hurt on your land, they can sue you which will not only cost you that hunting land, but you could lose your personal property as well (e.g. savings, house, etc). Also, incorporation protects you in the event that someone gets a divorce and their ex-wife tries to get a piece of the property as part of the settlement.
If you read my post about the camp my X employer bought - they did just that and in the end, they probably broke even or made a couple of dollars, but you won't ever see then sitting across from each other at the Thanksgiving table any time in my lifetime.
Mr. Deer Hunter is offline  
Old 10-06-2010, 05:55 PM
  #16  
Spike
Thread Starter
 
Join Date: Aug 2010
Location: nw pa
Posts: 45
Default

One reason i would like to buy land with others is because i am already a landowner in another state (ny). I want the guys that have helped out over the last ten years on my property to be able to own some land as well and return the favor. Then they will have a reason to help out (other than just being a nice guy)and protect their investment. I would also like to own some property in pa and not have to sell the ny property located 20 min from home. Most land in pa would be about 1 hour from home. Which would mean no evening hunts on a whim. The main factor is the price. Pa land is about 1000-1500$ acre (more if not recently logged). There is no way just one of us could buy 100-200 acres alone. The cost of leasing is rapidly increasing was 6-9$ acre now 16-19$ per acre. If you don't lease or hunt game lands you won't have a place to hunt. Just some rough figures with 5 guys we would invest 7000$each . Then pay 1400 per year each for 15 years for mortage/ins.,taxes ect. Until the mortage is paid off then 300$.

Last edited by skillet01; 10-06-2010 at 07:33 PM.
skillet01 is offline  
Old 10-07-2010, 04:24 AM
  #17  
Fork Horn
 
Join Date: Dec 2008
Location: Wisconsin
Posts: 320
Default

Originally Posted by Mr. Deer Hunter
If you read my post about the camp my X employer bought - they did just that and in the end, they probably broke even or made a couple of dollars, but you won't ever see then sitting across from each other at the Thanksgiving table any time in my lifetime.
Every situation is different, and I'm sorry that it didn't work out for you. I have a couple of family members that did this years ago and it's worked out just fine.
UPHunter08 is offline  
Old 10-07-2010, 09:02 AM
  #18  
Typical Buck
 
Doubled 150's Avatar
 
Join Date: Nov 2006
Location: MO
Posts: 643
Default

Originally Posted by skillet01
One reason i would like to buy land with others is because i am already a landowner in another state (ny). I want the guys that have helped out over the last ten years on my property to be able to own some land as well and return the favor. Then they will have a reason to help out (other than just being a nice guy)and protect their investment. I would also like to own some property in pa and not have to sell the ny property located 20 min from home. Most land in pa would be about 1 hour from home. Which would mean no evening hunts on a whim. The main factor is the price. Pa land is about 1000-1500$ acre (more if not recently logged). There is no way just one of us could buy 100-200 acres alone. The cost of leasing is rapidly increasing was 6-9$ acre now 16-19$ per acre. If you don't lease or hunt game lands you won't have a place to hunt. Just some rough figures with 5 guys we would invest 7000$each . Then pay 1400 per year each for 15 years for mortage/ins.,taxes ect. Until the mortage is paid off then 300$.
I wish I could find some land for that. Land near my house has been going for around $5000/acre. There are 318 acres being auctioned off tomorrow about 6 miles from my house. They owners said they won't take less than $5,500/acre. It's prime hunting.
Doubled 150 is offline  
Old 10-07-2010, 09:13 AM
  #19  
Fork Horn
 
*twodogs*'s Avatar
 
Join Date: Nov 2007
Location: Upstate New York
Posts: 411
Default

Originally Posted by Mr. Deer Hunter
If you read my post about the camp my X
Who has that kind of time to read that post ????????? Do you work in a library with an internet connection?? Close to 200 post in a month...most of which are, well........

Sorry I digressed:
As soon as someone gets in trouble financially, the agreements go out the window and so do the friendships.

Last edited by *twodogs*; 10-07-2010 at 09:25 AM.
*twodogs* is offline  
Old 10-07-2010, 01:20 PM
  #20  
Nontypical Buck
 
LKNCHOPPERS's Avatar
 
Join Date: Jul 2007
Location: North Carolina
Posts: 1,282
Default

Buy the land yourself and keep control of it. Too many people ruin it everytime.
LKNCHOPPERS is offline  

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.