Viewing 14 posts - 16 through 29 (of 29 total)
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  • #26507
    Profile photo of tweva
    tweva
    Survivalist
    rreallife

    After much searching and investigating ownership, I took long-term land (with water rights – not as big issue around here as out west but to be cautious) leases on more than a handful of small farms (all under 75 acres) around here a number of years ago – each for a pittance. You might look at the going rate the ag departments of most states publish by county for the various farm land activities. Even now it’s fairly low in areas that aren’t in the MidWest mega farm belt. If you set it up right and have a good tax advisor, know/learn what you are doing you can make some money. Your friend or anyone else can do the same. All but 2 have multiple structures on them that were easily made good places to store extra stuff (and qualify as leasehold improvements). Half of them are in turn leased to other small farmers like myself at a nice profit. The others I am currently running cattle on which in the last few years especially has been a real windfall.

    I don’t necessarily agree with C. Not all financial advisors sell ‘products’ so to speak – some just charge a fee (although it may be hefty in some eyes) for some dam* good advice. Especially the creative ones. Chris Martenson himself is not an un-intelligent man. If someone is looking to meet like minded people fairly local – they have groups that meet/have meetups around…. Met some great people myself.

    Anyway, the future will no doubt demand all manner of creative thinking to cope with!

    #26514
    Profile photo of Ghost Prime
    Ghost Prime
    Survivalist
    member6

    Whirlibird, I really like your idea of buying properties then renting them out to screened tenants. It accomplishes several tasks, that being to invest money in hard assets (land and buildings), offset the cost by some rental income, have tenants there who will tend the property and watch over it, plus it could be a way to build a great MAG for security. That is brilliant!

    For God, Family, Country, & Liberty!

    #26515
    Profile photo of Ghost Prime
    Ghost Prime
    Survivalist
    member6

    Paul, thanks for your comments. The only place I have questions is with holding on to cash, for we are talking about a collapse which will most likely include economic collapse. In that scenario, or any derivation thereof, cash will lose its value rapidly unless it is in minted precious metals, even junk quarters, nickels and dimes.

    For God, Family, Country, & Liberty!

    #26526
    Profile photo of undeRGRönd
    undeRGRönd
    Survivalist
    member8

    @Ghost Prime

    I have a good personal friend, he is somewhat of an investment specialist, I will PM you my email, and if you email me and identify as your screen name here, I will fwd you his email address. He steered me towards a
    SDIRA, which can be self-held, self directed IRA Account, including precious metals, land holdings, etc. (Hard Assets) and he is also very adept at mitigating losses AND gains. He bought lots of Silver around $30/Toz and has shown losses if he had to sell lately.

    PM sending NOW

    "ROGUE ELECTRICIAN" Hoping to be around to re-energize the New World.....

    Cogito, ergo armatus sum

    #26527
    Profile photo of matt76
    matt76
    Survivalist
    member8

    I have 4 rental properties. They are a good way to invest money, people always need a place to live. One thing to keep in mind is that things will get torn up. No matter how nice the people seem there is almost always going to be things damaged when they leave. If that is an acceptable risk then by all means do it. The great thing about land is they aren’t making any more of it so it keeps its value relatively well. The only downfall i see to land in SHTF is if the government takes over all land ownership you might lose your investment. However if they don’t and you don’t have to have the money invested to survive, the land is not something someone can load in their truck and steal so it will still be there when SHTF is over.

    #26541
    Jay
    Jay
    Survivalist
    member3

    Great advice everyone. Im also into real estate. We own an apartment in a city in which the prices are constantly rising. It is rented out now and we plan to invest into 2 or 3 more apartments in the future and the rent should be enough for our pretty modest lifestyle.

    If you know an area well that has growth potential, spend some time there and search for good land. There are some nice deals to be had if you are patient enough.

    Alea iacta est ("The die has been cast")

    #26549
    Profile photo of freedom
    freedom
    Survivalist
    rnews

    Also please keep in mind that rental properties have a problem in a economical collapse, the renters dollars will be worth zero so what will you do when the collapse happens, kick them out? Every renter in the U. S. will have the same problem so what will you do with the rental properties when they are no renters? Also how will you kick them out? The courts will be full of cases and the courts may not want to do evictions so you will be paying for taxes, mortgage if you have one and all the cost to repair the damages.

    #26555
    Profile photo of atthelake
    atthelake
    Survivalist
    member1

    As a female, she needs to protect herself from the bad guys. She needs to fortify her home. Doors and windows are her weakness. She has to hire a security specialist to help her do that. Using electronic security devices works now but when the grid goes down, she will have to have something much heavier. Doors and windows are still a weakness.

    Ideally, she should use heirloom seeds to produce and can her own food. Not everyone has a farm, so she needs to stock up on fuel, food, drink, meds, supplies and heirlooms seeds, enough for years of living, off grid.

    #26574
    Profile photo of Ghost Prime
    Ghost Prime
    Survivalist
    member6

    Thanks everyone for the comments and suggestions. I do have another question so please reply if you have any experience with this.

    I just read about an investment vehicle called a “Self-directed IRA”. What attracted me to it, thinking of my friend, is that according to the info I read, she can move some ore all of her IRA into the SDIRA without penalty, control the investment herself, take physical possession of precious metals as well as invest in a variety of assets besides stocks, mutual funds, etc.

    My question is do any of you have any knowledge of this product? If everything I read is true, it could be a great way to earn more money, be safer than the stock market, control the investments personally, and pay less in broker fees.

    Comments most welcome, thanks!

    For God, Family, Country, & Liberty!

    #26594
    Profile photo of matt76
    matt76
    Survivalist
    member8

    Free you are right that no one will have money to pay rent in SHTF but what would you rather have on your property someone who signed a contract and you at least know a little bit or some stranger who found a place to hide in SHTF and is now squatting on your property? The thing is that it is very hard and expensive to get past due rent even now. When you evict someone you have to take them to court and prove they violated their lease agreement by not paying or what ever other reason you are asking them to leave. When you win you have a legal decision that says they owe you money but you really have no way to make them pay. It is just a legal way to get them out of your house and cut your losses. After SHTF you will just have expect to have to rebuild just like you do now when a renter leaves the property in a less than desirable condition. It’s the cost of doing business but you will still own the asset and it will still have value.

    #26596
    Occam
    Occam
    Survivalist
    member2

    I wish I had her problem.

    Budgeting for basic supplies is a chore here.

    #26599
    BobbyD
    BobbyD
    Survivalist
    member6

    This post was meant for a different category, sorry.
    BobbyD

    #26621
    Profile photo of undeRGRönd
    undeRGRönd
    Survivalist
    member8

    Ghost Prime wrote:
    Thanks everyone for the comments and suggestions. I do have another question so please reply if you have any experience with this.

    I just read about an investment vehicle called a “Self-directed IRA”. What attracted me to it, thinking of my friend, is that according to the info I read, she can move some ore all of her IRA into the SDIRA without penalty, control the investment herself, take physical possession of precious metals as well as invest in a variety of assets besides stocks, mutual funds, etc.

    My question is do any of you have any knowledge of this product? If everything I read is true, it could be a great way to earn more money, be safer than the stock market, control the investments personally, and pay less in broker fees.

    Comments most welcome, thanks!

    Here’s a very good article about this, GP,
    Written by my good friend, AGXIIK.

    http://www.silverdoctors.com/sd-ira-the-spark-which-triggered-it-all/

    "ROGUE ELECTRICIAN" Hoping to be around to re-energize the New World.....

    Cogito, ergo armatus sum

    #26622
    Profile photo of undeRGRönd
    undeRGRönd
    Survivalist
    member8

    He has also written many excellent prepping articles, available at the same site.
    I will provide a link to his archives.

    http://www.silverdoctors.com/tag/agxiik/

    Excellent Resource, and he is also a SELCO fan! He often refers to his info that is directed to me in the context of Selco’s Experiences and writings. He’s a good teacher!

    "ROGUE ELECTRICIAN" Hoping to be around to re-energize the New World.....

    Cogito, ergo armatus sum

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