Another great video sir please keep them coming. I purchased my 200 acres in WV almost 30 years ago. After watching your videos I have contacted the state foresters for my farm and they are coming out July 2nd to go over my property and develop plans for enrolling my property as a managed timber land and see what other government programs I qualify for. We have been improving the property for a long time but I had a bad logger on my last timber thinning and I need to reclaim the areas and roads he messed up. Now 30 years later having land and improving it is important as my income level has increased over the years and I might as well be spending money to upgrade my hunting land. Overall I wanted to say thanks for your channel and I'm learning a lot from you as our soil in WV is a little less rocky than PA but the weather only slightly warmer than Central PA. My food plots are being created in previously forested lands so your videos are spot on for me. I want to find out more on potential enrollment in the waste of taxpayer money on the carbon credit scheme.
@@ChilcoteForestryServices thank you so much! I really enjoy hunting and would love to buy a property with a nice standing woods. There is nothing I love more than conservation. Once land is gone it’s gone. They are developing all kinds of farm fields around me in Ohio. I plan on buying some land in Kentucky. I would like to learn more about Carbon Credits. Please keep making these videos. You have taught me a lot and I’m very hungry to learn as much as I can in this industry. Take care! God Bless!
Great video. I'm in the south jersey area, 5 minutes from Philly. Im looking to buy some land in PA within the next year or two. I would like to work with you if possible. How to connect, phone email? Thanks
Please go to my website www.chilcoteforester.com and click on the contact Steve button and leave your contact info. Let me know your price range and how far you could travel
Maple syrup, Christmas trees, camping permits are other ideas. If you harvest trees you will pay taxes depending on your status. Status is defined as a hobby, investor, or business.
Spring water is a tough one. I have had investors try to sell it but the local govt really hates the idea. Can be lucrative if you can make it happen. You must be careful not to draw down the local aquifer and folks nearby may have trouble getting well water. Surface spring water collected is best but I really dont know much about the process. Never had anyone successfully get a deal with a water company
I just payed off and signed the deed to 12 acres of forest land with a creek. I bought it because it was cheap and I like camping/hiking. I’m also a photographer and have an LLC. Now I have no idea what I’m doing. Right now this land is a liability. Would it be smart to record the land under my LLC? Also, do you have videos on things you can do if you own mountainous land? I’m glad I found your channel. I’m just a guy that wanted to own my own camping area with I water supply.
Good stuff here. My family sold our 500 acre ranch that was covered in hardwoods here in the Texas Post Oak Belt. I have been saving and planning to buy my own acreage…but at 32 years old I’m 100% focused on anything that cash flows and appreciates. This helps combine the financial goals with recreational hunting/personal goals
@@ChilcoteForestryServices my grandfather grew up on a dirt floor and died a self made deca-millionaire. He bought thousands of acres and held them for decades. Land will always make sense financially if you have a good purchase agreement in place
You mention in this video about investment and tax strategies for high income earners. Have you produced that video yet? Could you post a link to that video if so? Thanks again
I think what I was getting at was that a family could build generational/legacy wealth using 1031 exchages to create a tax frèe investment strategy. Let me know if you want more on this
I'm looking at land that is labeled recreational land. I guess you can camp and hunt on it. In that case, can I camp on the land full time? Can I rent camping spaces and things like that? The only thing is it's surrounded by BIA so I'm wondering what the risks are ...
@@ChilcoteForestryServices Hey!! Can i email you. I have a few small questions. I'm in Wisconsin, and i'd like to buy land outside of state, maybe Utah or Alabama i'm considering. :)
well, I generally work with guys who want to get land to hunt on themselves. Is that a subject you would like to learn more about? Maybe I could make a video about that
Another great video sir please keep them coming.
I purchased my 200 acres in WV almost 30 years ago. After watching your videos I have contacted the state foresters for my farm and they are coming out July 2nd to go over my property and develop plans for enrolling my property as a managed timber land and see what other government programs I qualify for. We have been improving the property for a long time but I had a bad logger on my last timber thinning and I need to reclaim the areas and roads he messed up. Now 30 years later having land and improving it is important as my income level has increased over the years and I might as well be spending money to upgrade my hunting land.
Overall I wanted to say thanks for your channel and I'm learning a lot from you as our soil in WV is a little less rocky than PA but the weather only slightly warmer than Central PA. My food plots are being created in previously forested lands so your videos are spot on for me. I want to find out more on potential enrollment in the waste of taxpayer money on the carbon credit scheme.
You may as well get a little cash for carbon credits. There are several programs out there
@@darinbarber2922 Im able to write Forest Managent Plans for NRCS in WV. If you get one funded, let me know
This is awesome thank you! I am 17 and within the next year or so I plan on buying 40-60 acres or so.
thats great, build assets all you life and you will be wealthy
@@ChilcoteForestryServices thank you so much! I really enjoy hunting and would love to buy a property with a nice standing woods. There is nothing I love more than conservation. Once land is gone it’s gone. They are developing all kinds of farm fields around me in Ohio. I plan on buying some land in Kentucky. I would like to learn more about Carbon Credits. Please keep making these videos. You have taught me a lot and I’m very hungry to learn as much as I can in this industry. Take care! God Bless!
Your very knowledgeable. Glad I found this channel. I’ve always said land is the best investment and I’ll be looking to buy some soon. 👍🏻👍🏻
Well, im a Realtor in PA
Great video. I'm in the south jersey area, 5 minutes from Philly. Im looking to buy some land in PA within the next year or two. I would like to work with you if possible. How to connect, phone email? Thanks
Please go to my website www.chilcoteforester.com and click on the contact Steve button and leave your contact info. Let me know your price range and how far you could travel
Maple syrup, Christmas trees, camping permits are other ideas. If you harvest trees you will pay taxes depending on your status. Status is defined as a hobby, investor, or business.
Good points, probly good to have an income steam so to hold it as a business
What’s the best way to sell timber?
Look for a consulting forester. Interview to see if their methods align with your goals
Great breakdown 🤠💯🇺🇲
On your list is #7 Spring Water, but you did not discuss. Can you discuss please?
Spring water is a tough one. I have had investors try to sell it but the local govt really hates the idea. Can be lucrative if you can make it happen. You must be careful not to draw down the local aquifer and folks nearby may have trouble getting well water. Surface spring water collected is best but I really dont know much about the process. Never had anyone successfully get a deal with a water company
I just payed off and signed the deed to 12 acres of forest land with a creek. I bought it because it was cheap and I like camping/hiking. I’m also a photographer and have an LLC. Now I have no idea what I’m doing. Right now this land is a liability. Would it be smart to record the land under my LLC? Also, do you have videos on things you can do if you own mountainous land? I’m glad I found your channel. I’m just a guy that wanted to own my own camping area with I water supply.
It might be. If you actively manage timber there could be some deductions and depreciation on equipment
You could also use it for collateral to buy another one
Good stuff here. My family sold our 500 acre ranch that was covered in hardwoods here in the Texas Post Oak Belt. I have been saving and planning to buy my own acreage…but at 32 years old I’m 100% focused on anything that cash flows and appreciates. This helps combine the financial goals with recreational hunting/personal goals
Has to make sense financially
@@ChilcoteForestryServices my grandfather grew up on a dirt floor and died a self made deca-millionaire. He bought thousands of acres and held them for decades. Land will always make sense financially if you have a good purchase agreement in place
Great video. Do you have one going into more details about the tax deductions?
I don't want to act like a tax attorney. It's so complex you need to consult with an expert
You mention in this video about investment and tax strategies for high income earners. Have you produced that video yet? Could you post a link to that video if so? Thanks again
I think what I was getting at was that a family could build generational/legacy wealth using 1031 exchages to create a tax frèe investment strategy. Let me know if you want more on this
@@ChilcoteForestryServices I’ll take all the advice I can get on this.
You made some decent points. Tax benefits are something my son might benefit from . I’m retired so not the issue it once was.
Can you do a video on Carbon credits?
I will try. Im not an expert but i can maybe talk about what the dift types are
This could be the single greatest video I think I've ever seen. Definitely going to help me in the future.
Thanks
I'm looking at land that is labeled recreational land. I guess you can camp and hunt on it. In that case, can I camp on the land full time? Can I rent camping spaces and things like that? The only thing is it's surrounded by BIA so I'm wondering what the risks are ...
Just check with township zoning to see what is allowed. Usually can be found on web
If you can help me turn raw land into income then i will buy from you!! :D
Let me know if you want to buy in PA
@@ChilcoteForestryServices Hey!! Can i email you. I have a few small questions. I'm in Wisconsin, and i'd like to buy land outside of state, maybe Utah or Alabama i'm considering. :)
@@punnymoney3692 You can contact me through my website
Good content..
Clear communication.
No background noise
Thank you so much for inspiring me
Just the man I was looking for. Great vid. How much land is enough to get started? My family has 80 acres that just sits there.
Where's the land located?
Lincoln County Oklahoma
New Sub! :D
So what about Spring Water?
Yes, its definitely possible but rare. I know an investor whos been working on a water deal for yrs
Why didn't you talk about hunting as an investment as the title says???
Hunting land as an investment. Thats what im talkin bout
@@ChilcoteForestryServices I thought you were going to talk about how to generate income by selling hunting leases.
well, I generally work with guys who want to get land to hunt on themselves. Is that a subject you would like to learn more about? Maybe I could make a video about that
entire video has no single number shows how MUCH the value/cash can go per year...
Is there a question there? I dont understand your comment