Not only do I dive into why we sold the farm that took me 13 years and lots of effort to put together, but also I dive into how to sell land, especially hunting land. Since I couldn't find a good replacement within the time allowed by the 1031 tax exchange regulations, we ended up trading into commercial real estate. I also touch on that process and whether that worked. There is also a downside to having a dream farm, I touch on that also.
Next, we debate the question of "What is a Dream Farm?". How do you know when you have it? It's different things to different people depending on financial position, time in the market (time to grow) and the cost of raw land in the area where you ultimately want to end up.
Finally, we wrap up the entire series by discussing whether today is a good time to buy or a good time to sit on the sidelines. Thanks for following along on this journey. We will dive into a number of side topics as time permits, topics that spun out from this big picture discussion.
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6 авг 2024