4 1/2 hours is about my max
Announcement
Collapse
No announcement yet.
If you owed the land...
Collapse
X
-
Originally posted by bjsexpress View Postjumping in on this with a thought that always runs through my head... your family has a 1000 acres that has tons of nice 130" max deer and a similar place on same county road sold for 5,000,000.00 yes millions... as nice is it is to "own" land....
if you sold it....
how much interest do you earn on One Million Dollars (assuming a 4% interest rate, compounded monthly)?
One Day – $109.59
One Month – $3,333.33
One Year – $40,741.54
So... let's just say you got 3 million in the bank... roughly 10K month you'd have in interest... over 100,000 a year...
I've got to go hunting once on a 30,000 acre $10K/per gun per year South TX low fence ranch where 180" to 200" bucks taken... I was a guest on a cull hunt and shot a 130 12 year old dear in serious decline, but that's another story....
Anyway, with only one month's interest you could get on pretty much any lease you wanted, or go on trophy hunts for exotics, 150"+ bucks and in most cases have money left over for atv, new bows, pretty much everything you want... kinda like Charile in Will wonka...
So.... do you keep the land or live happily ever after? lol....
Comment
-
Originally posted by EEBowHunter View PostI'd keep the land in a heart beat. If I didn't feel like hunting it anymore I'd lease it out and use the lease money to fund other hunting adventures or projects. Its always nice to have a place to fall back on if anything should happen
Comment
-
Originally posted by bjsexpress View Postjumping in on this with a thought that always runs through my head... your family has a 1000 acres that has tons of nice 130" max deer and a similar place on same county road sold for 5,000,000.00 yes millions... as nice is it is to "own" land....
if you sold it....
how much interest do you earn on One Million Dollars (assuming a 4% interest rate, compounded monthly)?
One Day – $109.59
One Month – $3,333.33
One Year – $40,741.54
So... let's just say you got 3 million in the bank... roughly 10K month you'd have in interest... over 100,000 a year...
I've got to go hunting once on a 30,000 acre $10K/per gun per year South TX low fence ranch where 180" to 200" bucks taken... I was a guest on a cull hunt and shot a 130 12 year old dear in serious decline, but that's another story....
Anyway, with only one month's interest you could get on pretty much any lease you wanted, or go on trophy hunts for exotics, 150"+ bucks and in most cases have money left over for atv, new bows, pretty much everything you want... kinda like Charile in Will wonka...
So.... do you keep the land or live happily ever after? lol....
Comment
-
Our place is south of Rocksprings and takes me around 5 hours to get to from Brenham. My dad and I will alternate trips and try to make it out there at least 2 weekends a month to check on everything during the off season. At times it would be nice to have a place a little closer, but I love it.
Comment
-
Awesome feedback. I was back and forth on the 5 hour mark but sounds like it's no big deal if you can pull it off. But I am off most of the summer so it would make the day trips with my little one much easier around the 2 hour mark. Keep em coming. Very helpful input.Last edited by .270; 09-27-2012, 09:03 AM.
Comment
Comment