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Joined: Mar 2010
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OP
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Closed on 3.7 acres 150' on the Caddo River here in SW Arkansas last Friday. Land on the Caddo keeps going up since we first bought 20 years ago. Paid full price only because it was fire sale priced, 3 lots up for sale on a Wednesday and all under contract next day.
Bought as investment or to build on if we get to the point we can't keep up the orchards and gardens here.
My avatar is pic of me on our gravel bar just up river of the lot we just bought.
Ain't skeered of no corona. congrats!! I love fly fishing white river down by you but I need elk, big mountains, and skiing where I live
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Joined: Mar 2010
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A quick zillow search shocked me, 125 grand an acre being considered normal to low, that seems beyond stupid to me, I thought people moved to Idaho to get away from people, if its what you want go for it, but there are plenty of places that that kind of money will buy a whole lot more ! Im renting a house now with land about a mile from the property. I see moose, small elk herds, deer, lots of turkeys almost every day hiking by house and fantastic fishing and skiing in area . Its worth it. I guess good news is houses right by the property run 550k to over a a million six so should be decent investment . Golf course about 1/2 mile away. Downside no diversity in area and very low crime. Few mosquitos and ticks in area and 68 and sunny today and always low humidity which I love.
Last edited by ribka; 05/14/20.
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Joined: Jun 2008
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ribka great thing is you only have to please yourself and the wife! So when you closing?
Eat Fish, Wear Grundens, Drink Alaskan.
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I know cash is the prudent move but mortgages can’t get any cheaper and a few years from now those that locked in long term silly low rates are going to feel pretty good about that decision
My debt to assets ratio is extremely low. I’ve considered borrowing more just because rates are so silly. I can make the payments on whatever I borrow without a worry though
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Campfire Outfitter
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I know cash is the prudent move but mortgages can’t get any cheaper and a few years from now those that locked in long term silly low rates are going to feel pretty good about that decision
My debt to assets ratio is extremely low. I’ve considered borrowing more just because rates are so silly. I can make the payments on whatever I borrow without a worry though You are right about that. I have been looking for another place here to buy. If they are going to give away money I'll do my best to take what I can of it.
Last edited by MontanaCreekHunter; 05/14/20.
Eat Fish, Wear Grundens, Drink Alaskan.
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Campfire Ranger
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Campfire Ranger
Joined: Mar 2010
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The banks, at least the ones Ive contacted, are not giving construction loans now due to virus so thinking to build it slowly with cash with sub contractors next year when costs are hopefully down then when finished get home appraised then get a loan because mortgage rates are so low now. I think with the virus they will have to stay low but who knows.
Then take out cash maybe on 70 per cent of it. Builders are quoting $220 to $240 a sq foot. I want to do for under $160 sq foot and do as much finish work myself.
Anyone done this?
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Joined: Feb 2004
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Sounds like you've already decided it's a good deal, and you've done your due diligence. You already got him to pull his pants down, don't let someone come in there and benefit from all your negotiations. Like the old saying goes, they ain't making any more, particularly desirable stuff.
NRA LIFE MEMBER
GOD BLESS OUR TROOPS
ESPECIALLY THE SNIPERS!
"Suppose you were an idiot And suppose you were a member of Congress... But I repeat myself."
-Mark Twain
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Joined: Mar 2010
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Campfire Ranger
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Campfire Ranger
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ribka great thing is you only have to please yourself and the wife! So when you closing? Hopefully in a few weeks . You can tell Im bored today lol
Last edited by ribka; 05/14/20.
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Joined: Jun 2008
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ribka great thing is you only have to please yourself and the wife! So when you closing? Hopefully in a few weeks . You can tell Im bored today lol Awesome looking forward to seeing it. Post up pictures
Eat Fish, Wear Grundens, Drink Alaskan.
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Joined: Jan 2010
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Seems like something you like, and want, and can afford.
Or, you know, you could wait until the second time you live, and get it then.
Its a beautiful lake and a very nice neighborhood. Do they have discharge laws (firearm)?
Buy it.
Quit giving in inch by inch then looking back to lament the mile behind ya and wonder how to preserve those few feet left in front of ya. They'll never stop until they're stopped. That's a fact.
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Im renting a house now with land about a mile from the property. I see moose, small elk herds, deer, lots of turkeys almost every day hiking by house and fantastic fishing and skiing in area . Its worth it.
I guess good news is houses right by the property run 550k to over a a million six so should be decent investment . Golf course about 1/2 mile away. Downside no diversity in area and very low crime. Few mosquitos and ticks in area and 68 and sunny today and always low humidity which I love.
Buy the damned thing!
Quit giving in inch by inch then looking back to lament the mile behind ya and wonder how to preserve those few feet left in front of ya. They'll never stop until they're stopped. That's a fact.
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Hayden is just down the road from me. Welcome to the neighborhood! This area seems like it won’t slow down growing. Folks seem to still me heading here even more as they watch their state governments during this pandemic. The first question for the county is if they will require a site disturbance plan if it is mapped as steep in their GIS layer. https://www.kcgov.us/DocumentCenter/View/1459/Site-Disturbance-Application-PDFYou’re probably over 10% slope and within 500’ of water so you’ll have to have a plan. It’s not too difficult but there will be some extra hoops and costs.
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I know a guy that bought 20 acres in Montana about 15 years ago. Was next to a significant trout river. Paid about $250,000 for it and dumped it last year at $100,000.
NRA Patron
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Joined: Mar 2010
Posts: 24,231
Campfire Ranger
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Joined: Mar 2010
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Hayden is just down the road from me. Welcome to the neighborhood! This area seems like it won’t slow down growing. Folks seem to still me heading here even more as they watch their state governments during this pandemic. The first question for the county is if they will require a site disturbance plan if it is mapped as steep in their GIS layer. https://www.kcgov.us/DocumentCenter/View/1459/Site-Disturbance-Application-PDFYou’re probably over 10% slope and within 500’ of water so you’ll have to have a plan. It’s not too difficult but there will be some extra hoops and costs. Thanks. The county courthouse is shutdown and the Kootenai County website is really lacking for research and the county not returning my emails. Appreciate the help. I'll run this by a local builder tomorrow who is from this area. I owe you a good bottle of whatever is your choice of drink
Last edited by ribka; 05/14/20.
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Joined: Jun 2008
Posts: 13,354
Campfire Outfitter
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Joined: Jun 2008
Posts: 13,354 |
Hayden is just down the road from me. Welcome to the neighborhood! This area seems like it won’t slow down growing. Folks seem to still me heading here even more as they watch their state governments during this pandemic. The first question for the county is if they will require a site disturbance plan if it is mapped as steep in their GIS layer. https://www.kcgov.us/DocumentCenter/View/1459/Site-Disturbance-Application-PDFYou’re probably over 10% slope and within 500’ of water so you’ll have to have a plan. It’s not too difficult but there will be some extra hoops and costs. Thanks. The county courthouse is shutdown and the Kootenai County website is really lacking for research and the county not returning my emails. Appreciate the help. I'll run this by a local builder tomorrow who is from this area. I owe you a good bottle of whatever is your choice of drink You should buy a knife from him as well they are pretty dam good!
Eat Fish, Wear Grundens, Drink Alaskan.
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Joined: Mar 2010
Posts: 24,231
Campfire Ranger
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OP
Campfire Ranger
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I would like a new bird/trout knife. Will reach out Thanks Hayden is just down the road from me. Welcome to the neighborhood! This area seems like it won’t slow down growing. Folks seem to still me heading here even more as they watch their state governments during this pandemic. The first question for the county is if they will require a site disturbance plan if it is mapped as steep in their GIS layer. https://www.kcgov.us/DocumentCenter/View/1459/Site-Disturbance-Application-PDFYou’re probably over 10% slope and within 500’ of water so you’ll have to have a plan. It’s not too difficult but there will be some extra hoops and costs. Thanks. The county courthouse is shutdown and the Kootenai County website is really lacking for research and the county not returning my emails. Appreciate the help. I'll run this by a local builder tomorrow who is from this area. I owe you a good bottle of whatever is your choice of drink You should buy a knife from him as well they are pretty dam good!
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