#192 - Don't Underestimate The Power Of Big Buck Pictures When Selling Your Farm! with Nic Schaalma
Description
Welcome to the land podcast, a platform for people looking to educate themselves in the world of land ownership, land investing, staying up to date with current land trends in the Midwest, and hearing from industry experts and professionals.
On today's episode, we are back in the studio with repeat guest Nic Schaalma. We discuss:
- Nick emphasizes the importance of balancing investments, including land and retirement accounts.
- Land can be a valuable investment, but it shouldn't be the only focus for average earners.
- A 401k match is considered "free money" and should be prioritized before investing in land.
- Saving for a down payment is crucial; having a safety net is essential before buying land.
- Buying land below market value can lead to significant long-term gains and wealth building.
- Diversification in investments is key; don't put all your money in one asset class.
- The current market shows potential for finding deals as interest rates rise and demand shifts.
- Building relationships with landowners can lead to off-market opportunities and better deals.
- Land contracts can be beneficial for both buyers and sellers, especially for tax reasons.
- The conversation highlights the importance of strategic planning and smart financial decisions.
And so much more!
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