Investing/Stock Market

Sold 891 acres to a solar company last year. @14k an acre. I'll let you do the math.

Land is a great investment and always will be. Mainly because dudes don't pull out. And business' always expand...
[doublepost=1618601509,1618601320][/doublepost]P.S.

Verizon and At&t will also pay you monthly to put a tower up at around 3800+ a month. Usually a 5-10 year contract. I don't know how that works for people up north/out west but its always a good backdrop if youre just owning the land and wanna get your taxes on it paid without it actually costing you anything.
 
Twobuttons said:
Sold 891 acres to a solar company last year. @14k an acre. I'll let you do the math.

Land is a great investment and always will be. Mainly because dudes don't pull out. And business' always expand...
[doublepost=1618601509,1618601320][/doublepost]P.S.

Verizon and At&t will also pay you monthly to put a tower up at around 3800+ a month. Usually a 5-10 year contract. I don't know how that works for people up north/out west but its always a good backdrop if youre just owning the land and wanna get your taxes on it paid without it actually costing you anything.
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What's the tax on owning land in the US? I'm not sure how the rules work there. Do you only pay tax of land that's considered part of a residence?

I know in most places in the EU, having land and not doing anything with it is quite the expense in terms of tax. Yes it can be an investment, but you also have to hope that the area is attractive enough for someone to actually buy the land. At least this is very much the case in EU. In many case

Some people straight up end up selling to the government, which isn't going to be much of a return on your investments. This is particularly very much the case upon inheriting land without anything having been built on it.
 
Bestworld said:
What's the tax on owning land in the US? I'm not sure how the rules work there. Do you only pay tax of land that's considered part of a residence?

I know in most places in the EU, having land and not doing anything with it is quite the expense in terms of tax. Yes it can be an investment, but you also have to hope that the area is attractive enough for someone to actually buy the land. At least this is very much the case in EU. In many case

Some people straight up end up selling to the government, which isn't going to be much of a return on your investments. This is particularly very much the case upon inheriting land without anything having been built on it.
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Depends on the state and I'm sure there are lot of other variables for the taxman to pick your pockets clean. The town I live in is one of the lower tax rates in the state and it's $11 for every $1,000 in property value. Considering we don't pay sales tax or income tax to the state, it's not too bad.

If the government wants your lands they can pretty much seize it. The owner will be justly compensated, but it's part of a process called eminent domain.
 
Counsel said:
eminent domain
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straight up vile shit. I remember when the cowboys built that abomination they call a stadium, they eminent domained hundreds of homes and literally kicked people out onto the streets. Its insane that those laws exist.

but yea, land taxes in america are weird and vary from state to state and even county to county.
 
Counsel said:
Depends on the state and I'm sure there are lot of other variables for the taxman to pick your pockets clean. The town I live in is one of the lower tax rates in the state and it's $11 for every $1,000 in property value. Considering we don't pay sales tax or income tax to the state, it's not too bad.

If the government wants your lands they can pretty much seize it. The owner will be justly compensated, but it's part of a process called eminent domain.
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Only way the government can ever seize land where I grew up is if you fail to "claim" it in time (i.e. upon inheritance), but you kind of have forever to do that. I believe in some EU countries they give as much as up to 20 years for someone to claim inherited land.
 
Yeah they're low-balling assholes about it too. It's definitely one of the shadier things the government can do to its citizens, right up there with civil asset forfeiture (if police find cash on you over a certain amount they can seize it and say it was proceeds from crime). Both topics have been hot-buttons in my state in recent years, ironically our state motto is "Live Free or Die"
 
Counsel said:
It's definitely one of the shadier things the government can do to its citizens, right up there with civil asset forfeiture (if police find cash on you over a certain amount they can seize it and say it was proceeds from crime).
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fun fact, the money/property the cops have stolen from citizens via civil asset forfeiture is greater than the total money/property stolen from people by burglary and robbery.

But yea, back on topic. Invest in land anyway. its way cooler to say "i own acreage" than "i own dogecoin"
 
Chops said:
fun fact, the money/property the cops have stolen from citizens via civil asset forfeiture is greater than the total money/property stolen from people by burglary and robbery.

But yea, back on topic. Invest in land anyway. its way cooler to say "i own acreage" than "i own dogecoin"
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Last time I looked at property investment (not necessarily land alone), I calculated that without increased market value and an average fluctuation of past figures, that it would take me 25+ years for it to start "earning" money. And I'd have to supervise it too, which would have been a huge pain.

This was a small complex, so the income would mainly be from rent. Chances are the market could go up substantially, or it could go way down, but the calculations were made statistically. An old employer of mine looked at the same deal and an idea was that we could go half-and-half, but we ended up scrapping the idea. This was back in 2017 or so.
 
Bestworld said:
Last time I looked at property investment (not necessarily land alone), I calculated that without increased market value and an average fluctuation of past figures, that it would take me 25+ years for it to start "earning" money. And I'd have to supervise it too, which would have been a huge pain.

This was a small complex, so the income would mainly be from rent. Chances are the market could go up substantially, or it could go way down, but the calculations were made statistically. An old employer of mine looked at the same deal and an idea was that we could go half-and-half, but we ended up scrapping the idea. This was back in 2017 or so.
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I guess "invest" is really the wrong word. You should buy land.
 
I got a few things I want to add but seeing as how I'm working the land literally at the moment it will have to wait till I'm at the computer.
 
Buying and flipping homes = money
buying bulk items like shoes at costco and reselling on ebay or amazon
buying and selling gaming accounts
buying and selling stock

all ways to make cash. some ways easier than others. gotta have money to make money IMO. invest in something, but be smart about the investment.
 
Ok things to know about land and owning it ..

1.) If you run agriculture on the land you own(either cropping it yourself or leasing it out to another farmer) or the land is providing American citizen's a way of life (goods). Then your land cannot be seized by the govt for any reason. Once your land has or does provide to US citizens it becomes protected. Just like the Casino's ect (not going to get into a discussion regarding American Indians).

Too add - you can just mail the U.S. Department of Agriculture and tell them you want to sell produce or goods to the U.S. or have your goods put on a market (which is done automatically) it also becomes protected. Mind you - if you do that, you have the farm or lease out that property through govt guidelines and those guidelines have to be followed to a T.

Here is where you are not protected. If some of the land you own falls on what the department of forestry decided to deem it "MARSH LAND" you could lose that portion of land. Even if you are running ag on it. It is against the law to row crop or disturb the ground that is considered "MARSH LAND". Honestly the dumbest shit ive ever heard. I consider it dumb as shit because the govt doesn't pull up and take care of it. Keep it regulated or tend to the land at all. It literally just sits there. Fuck those trees that fall in your line of crop or the wild life that lives there to come eat your shit every season.

2.) Every acre owned you might as well chalk up 6 percent(give or take in taxes) it is not always that high but in some cases and some plots the State/County recognizes it as being of worth. I used 6 percent because I have several plots that fall in that boundary. Taxes change from county to county in the U.S. - that goes for all states. That value changes if you have a natural spring (water source) or powerlines that run through or run along side your property. In the state of Tenn - the state owns 22 feet between the road and into your property (that's how they tax you). In the state of Alabama it is 16 ft. from the road through your property.

3.) If you are scared to make the move to land - Don't be. The world isnt getting smaller. Save till you can buy what you want. Lease or rent it out and get paid for just owning it. If you think that's too much of a hassle - you really don't want to make real money. I have 4 cell phone towers up currently. Once one goes up - they will be calling you for more.

4.) When it comes time to sell and you've invested in the property, you set the value. Be mindful of where you pick the land up. Just outside of towns is usually the most lucrative. I know that sounds crazy but to give you an idea Dollar General's motto is "I want a Dollar General store every 5 miles" and they actually mean it. If you happen to have land that they want to build on, you just got paid for life. Hell - you might even be able to talk a lease with them. They seem like a small nobody store though right? $33.7B billion in sales in fiscal 2020

Roth's and 401ks are fine - I'm not knocking them, and you could prolly retire with half a mil after you are 65 and hardly able to enjoy any of it. You might can get more depending how markets go but again its a gamble. It's not promised. I've never bought a piece of land I didnt make double or quadruple more than I put in. Never.
[doublepost=1618618348,1618618106][/doublepost]Sorry for the book but land is something of interest...
 
MartinD738 said:
You may make short term gains with doge but please don't think its a viable long term investment.
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While I agree with the sentiment, saying it's not a viable long term investment is not necessarily correct. The same could be said about plenty of early lifecycle innovations that turned out to be widely accepted over an adoption/normalization phase. None of this stuff is set in stone. We don't know when or where lightning is going to strike, but we can enjoy watching it from the safety of our homes or go chasing after it with a bottle and the expectation that we'll get burnt to a crisp if we fuck up.

Personally I tend to prefer short term trades, scaling into and out of small positions over the course of a few days/weeks. As for Doge, I don't own any, if I did I would have sold incrementally on that spike (and probably too early if I'm being honest with myself), but also it's pretty hilarious to me that Doge has outperformed Bitcoin and Ethereum, which have outperformed damn near everything else in the legacy world this past year.
 
So far, regardless of everyone's take on it, if you invested in any of the crypto's listed above near the beginning of the year till now, you have made the best decision you could have.

Personally I'm gonna start investing in wood and bricks cause with how random everything is now, once someone hits that "oh shit" button an we're back in the stoneage, I'm gonna be rich
 
I had 1000 dollars in trx and doge in 2017. I took it out when I bought my first home. Needless to say that would have outright bought my house with that return! Oof
 
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