Quote: (11-15-2018 07:04 PM)Quays2 Wrote:
Tiger I would love to hear more about how you invest in farmland. Do you lease it out? If so how easy is it to lease out? What are the % returns you usually get? Are they triple net?
Quote: (11-15-2018 08:37 PM)Duke Main Wrote:
Quote: (11-15-2018 07:04 PM)Quays2 Wrote:
Tiger I would love to hear more about how you invest in farmland. Do you lease it out? If so how easy is it to lease out? What are the % returns you usually get? Are they triple net?
Yes, I'd also like to know the where and how of farmland investing.
Detailing the myriad of ways to invest in farmland would require, at least, a several page data sheet. From my admittedly limited experience so far, I will say that, yes, you lease plots out - unless you want to farm the land yourself. It would seem that most who invest in this way buy land that is already being actively farmed, often by different groups/families. It is then up to the owner to decide who stays and who goes. This requires some knowledge of farm operations (or someone to do that for you) as you need to be able to accurately project yields for X, Y, & Z to see who is underperforming.
The less developed the country, generally, the cheaper the farmland and labor. That should be obvious. But, there is a tradeoff with rights and rule of law. Also, several countries (cough, in SEA, cough) either outright ban or seriously hamper the purchase of land by foreigners.
I won't get too specific with the countries that I am dealing with. But, I will say that I am averaging 5-6% (which is a bit high for farmland). I am comfortable with it so far, as immediate return was not my sole reason for investing. That's another thing with farmland. You are playing the long game, even on yearly returns (if that makes sense). Some years, you might have a massive crop of whatever just as there is huge demand in the market. Other years, you get flooded out and the farmers take a loss. Fortunately, the farmers take a disproportionate loss, but still. As far as what is covered by the owners and what is covered by farmers/tenants, it varies by country. I will say that I have
heard that even in SA countries where triple-net arrangements aren't allowed, the money still kicks back to the owner.
For higher returns, I am currently looking in to a farmland REIT-like program that invests in well-placed but over-farmed land and then attempts to recuperate the land. Initial returns to investors have been quite high for farmland, but it requires more due diligence.
That's all I'll say for now, as I don't consider myself an expert in this field by any stretch of the imagination. I will mention that I have focused my investments on property that I could move to and work in SHTF situations, or if I need to avoid extradition or something
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Quote: (11-15-2018 09:36 PM)Laner Wrote:
I own property in Vancouver.
There are some places I have been eyeing for some years now, waiting to see if the correction comes and then grabbing one. The NDP socialists are taxing anything that moves, so smart money is sitting this out waiting to see how bad they fuck up so we can get back to business. Unfortunately here, its the perfect storm of stupidity (Federal, Provincial, Municipal governments are all turbo left socialists) so a lot of the wealth and investment here is sitting idle or going to Washington (Bellevue).
I know this won't last as a city of 3 million has too much energy for socialism to really take hold. The Chinese and Indian communities especially have been making WAY too much money to see the retarded leaders kill the gravy.
Regarding empty condos, its a myth. We have less empty homes here than NY based on pop. We are slightly higher than Berlin, which is often used by socialists on how to build housing markets. Towers are often fully glassed and finished while the interiors are still steel studs. Once they are move in ready, they are certainly not dark any longer. Coal Harbor started the whole myth, but all those towers went up at the same time so it did feel like it was dead.
Its an interesting time right now though. I was having coffee with a prominent development CEO and he is sweating a bit. Vancouver has the longest permitting process in the world and the carrying costs plus design process takes YEARS and the city doesn't care. The last government used developers as their own personal bank account to fund stupid shit like slapped on bike paths with no real urban design and proper integration. Its a mess. Developers are also used by the government to be on the hook for most of the social housing in Vancouver. Which in Vancouver means prime real estate, often near the water, and in the most expensive locations (outside of where the politicians live, of course).
Vancouver is a great example of how to get rich in real estate, and any socialist government needs to show their hate filled voters just how much they too hate money (they don't) so they say they will kill real estate and tax the Chinese. But the reality is most of the buyers in Vancouver are locals climbing the property ladder. So all the foreigner tax shit is blowing up in their face and the locals are still moving properties, but at a less pace then a few months ago.
Our current Dear Leader was a union bus driver (sound familiar?) who thinks he can be the first man in the world to puppeteer a housing correction.
Is it really all a bunch of politicking? I was dealing with my guy at Wall Financial and he was driving me around to sold out projects that were dead. Maybe he was just hitting the low-lights, but he has a financial incentive to build these things up, not tear them down.
