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Previous owner had a herd of goats, and they did an amazing job at clearing the small underbrush in the trees. I'm hesitant to put horses out in the woods here - every time a wind rolls through, we have a lot of large dead branches fall suddenly. The kind that could kill if someone was...

We started doing the smaller stuff around the house, and the soil is sandy enough where it's actually pretty quick work so far. The bigger stuff we will probably need to hire out once we finalize plans for buildings, etc.

I have a good friend who works for Polaris that tells me they sell equipment to employees at a steal every once and a while. It's definitely more of a want than a need, but I think it could make operations run much smoother!

Agree, we will not have enough open pasture to support horses (horses are social, so we will likely get at least 2) and will need to provide horse-quality hay.

My dad will never retire, mostly because I need someone to enjoy my lawn tractor before Sunday dinner.

Do you remember the cost to have it chipped and hauled? Just curious about a rough number. Agree time can be well-spent elsewhere.

Yes, full time job, but work remote at home, so evenings and weekends can be used for property work. We have an endless list with this house, but figured we can spend winters doing indoor projects. We mainly want to repair/stain the cedar siding and get a deck on the house to enjoy this year...

Wowee, that is some serious machinery. The soil is fairly sandy, so I'm hoping it'll be easy to dig up bushes and "pop" stumps out, however we try to do that. I like your idea of bringing in a crew to chip the piles to save time.

Hi all, First-time land-owner here. Purchased 5 acres in need of some landscaping. A lot of the property is heavily wooded, but also has a cleared area with a fruit orchard and many other younger trees planted a little haphazardly by the previous owner. We have the following goals: Clear...

I sincerely appreciate everyone's input. I know it's been a few months since I posted this, but just wanted to give an update - I decided to sell the home I was occupying and keep the rental property as an investment. I took the proceeds from the sale (~ $200k) and will be closing on a small...

I certainly see there are options, which is always a good problem to have. Just trying to make sure one option is not significantly more of a negative outcome than the rest.

I certainly don't take the week off during my period, but it's pretty hard to be profitable when you're dead.

THIS^

So the $1425 a month accounts for repairs, but on an estimated depreciation schedule, not factoring idiot tenants who might break stuff ahead of schedule and disappear/can't pay. It also includes insurance, property tax, etc. but not the income tax (depends on what I can deduct throughout the...

From what I am reading, capital gains taxes would not apply to anything under $250k on at least one of the homes, because it's my primary residence and I've lived there full-time for more than two years now. I only lived at the now-rental home for about 1.5 years before I purchased the second...

Homes are less than 10 years old, they will sell as-is, and quickly. I wouldn't necessarily go to stocks, probably something safer like an index fund. I do see the payoff in being a landlord, which is why I got into it. As I get older, the time spent managing the tenants and homes on top of...

Agree, but knew that going into it. Already have spent more than a few grand on AC repairs (FL) and some other small issues. My workaround is to screen the heck out of potential tenants and work to be flexible enough to keep the good ones. The savings plan helps mitigate this.

At this moment, yeah, I feel done due to personal burn out. I don't want to kick myself later for selling, but I also would like to get some enjoyment out of life while I can. I've had trouble finding the balance.

Good point, didn't factor in capital gains tax, so deduct another $60k or so, I guess. In the few short weeks I've been gone, it has indeed been both.

Looking for input from those wiser than myself. I own two townhomes, one is a rental making income, one is occupied by me at low cost. I bought them as investments and the property values have appreciated significantly since purchase in 2018/2019. My original plan was to keep the homes until I...