Rural Land

Ladies and gentlemen, that is Chase Brooke, probably the smartest, coolest guy I’ve ever met. He has a really nice hat and a really good job description, and he knows so much stuff. It’s insane. I feel like I’m crazy, Eddie describing what this guy is all about, but he’s that good. I can’t hype him up enough. We’re going to talk about rural land and real estate.

And Chase is going to kind of walk us through that. We’re going to talk about matching clients and their needs to the land. We’re going to talk about recent purchasing. Transue had some amazing things to talk about there. Why don’t we just kind of start there? You had a quote.

Yeah, you know, one of the things, especially on the recent purchasing transit right now, and especially in Collin County, I believe it’s still has the title of the fastest growing county in Texas. We are trying to buy ag land for this moment. Right now is the competition is fierce, shall we say, and that’s a trend we’re seeing across the state.

But in some cases, it’s like trying to buy a house in Seattle, especially in that small acreage, 10 to 50 acre range. You know, there’s a lot of interest and people moving out and buying their own piece of land and getting more connected with that rural landscape and lifestyle.

Mm hmm. So when you when you see that, do you have any specific things except that it’s super busy. Right. Like anything in particular that you’re seeing is super, super noteworthy?

You know, I mean, I think it’s just I think it’s just the trend. You know, it hasn’t picked up quite this hot recent and it wasn’t quite this hot in the last couple of years. But really, like I said, we’ve been the fastest growing county in Texas for a number of years now, and that’s on residential or agricultural land. And so it’s just it’s gone from about a nine to about 11. All right. But I was talking with Trevor Thompson,

Right? Yeah, yeah, yeah, yeah.

I figured, you know, I might just throw anything out there and he knows what it is, right? Yeah. So I was talking with Trevor and he’s like, basically can’t land anywhere. Almost like where he can land is just shot up way too far. Right. And I don’t know if we considered ag for the land. Right. Like the price behind it. It’s super far north on where you kind of have to go now.

Yeah. And that’s one of the things where, you know, it depends a lot on what you’re trying to do with that land. Oftentimes, once you start reaching the price points we’re seeing here, it’s not necessarily about buying the land to make a living.

It’s about buying the land, to live the lifestyle and to enjoy engaging in agriculture in whatever form you look, you enjoy, you know, whether that’s you know, you’ve always wanted to raise cattle or maybe you had cattle as a kid or you really want to have just that big homestead. You have the big garden out back or your you want to raise some local vegetable, some vegetables, sell the local farmer’s market.

So there’s a word there that we’ve used when we’re looking at properties in like in Montana, in particular, a gentleman’s ranch. Is that something that kind of translates? Is that like a word that

I would I would say some parts of it do, right. Because I think, you know, especially up in the Montana area, it’s a very different kind of landscape. Right. Know what we’re what I see here? You know, you have a lot of the gentlemens ranch, but you also have a lot I would say the country homestead is really where you want to be able you work maybe you work in Frisco, you work in Dallas, you know McKinney.

And at the end of the day, you want to go back and just sit on that back porch, enjoy that sunset, looking over some property. You’ve got some chickens over there that you get fresh eggs from every day and just kind of bringing people back to back to their roots and back into the countryside.

And the virus definitely did that right. It was this huge explosion of like, you can work for home from home. And maybe people looked at it and maybe they’re reflecting like life’s a little shorter than I think maybe. Right. And it’s like, if I’m going to do this, just go ahead. And why am I in the city if in all of those different things. Right. Like I have these opportunities.

Yeah, well, especially in Collin County, we have you know, we’re lucky enough to have good access to cell coverage and to Internet in many places, which allows a lot, which allowed a lot of people to maybe they had land and they were able to move out there full time and still work remotely. Mm hmm.

So we have a lady that works with a shout out to Megan Rutherford, who is in Cody, Wyoming, just outside Yellowstone. And out there they had the Elon Musk Internet with Starlink and that’s been moving throughout. And is that a concept?

Yeah, yeah. I’m familiar with Starlink

And it’s starting to work. So we’ve had reports from up there that because it’s kind of starting in northern latitudes and it’s kind of coming down and they’re at like. Verifiable all over the place there. It’s totally transformed the place and they’re getting like one fifty up in one fifty down and it’s real Internet that really works.

Yeah, I mean, and that’s the kind of thing that is transformative when we think about rural areas. And Roland, because, you know, in the twenty first century, I mean, you’ve got to have you know, you have to have access to Internet. And especially, like you said over the last year, people have realized, hey, you know, maybe there are some jobs that can be done remotely or remote, 70 percent remote, 30 percent in the office. And then, you know, well, when I want to drive into the office or maybe what I want to do it again or you got that beautiful view and that beautiful land.

Yeah. So you use the word transformative. And I think it is that big of a deal and kind of what’s going on now. I see this huge thing going on and I’ve talked about it before where we’ve went through like an industrial revolution, right. Where we had that. We had huge expansion with the Internet. And there was kind of like this Internet time where all these things boomed. And I see this is another time that’s going on right now within what we’re doing. And it’s like this huge expansion of everybody getting their space.

And it’s this redistribution and reuse of the land and reappropriating it and a lot of different ways where people now are going to be moving from super tight, compact places to have a little bit more space. And I see it. I don’t know what the word is, but I think a great reshuffling of kind of what’s going on. And I think, you know, when we look back on it one hundred years from now, we’re going to be like, whoa, that was crazy. Do you see some of those types of things?

I think the word the word I would use is it’s a rural migration. OK, so you’re seeing folks who, you know, again, they move maybe they move to those urban centers where, you know, that’s where a lot of the jobs were or a lot of specific kinds of jobs that people had. And I mean, they moved for. And suddenly some of those are able to be done remotely or to be done in a more flexible, flexible matter.

And like you said, I mean, there’s a big shift going on and who can work where and then what where industries are located. I mean, here in Collin County, having large corporations I mean, just moved over to Frisco, Toyota a couple of years back, there’s a lot of shuffling going on. That is also it’s not just all the way on the East Coast or the West Coast. There’s a lot of movement around the country and the state,

You know, and I think people get reinvigorated when they get to have this rural space and have some different things going on. Right. So, I mean, my wife’s out there at our property and, you know, we have new things like zero mowers. Right? So we bought a new 023. And since you’ve been up there last. Yeah, we have a John Deere Z track nine fifty m you’re probably like, wow, that’s a good one, right. Seventy two inch stack. Yeah.

Ok, my lawn at home and probably like two minutes.

Yeah. So that’s awesome. So but people get all these different things and it’s a complete, a complete shift because all of a sudden you’re spending money differently, you’re spending it in different pockets. You all of a sudden have like rewards card at tractor supply. Right. And you’re part of what is it like to have a family? What do they call that?

I don’t remember off top of my head.

Yeah, but, you know, you’re a member at Tractor Supply all of a sudden and you’re doing all these different things, spending money differently, learning new skills. And it’s it’s impressive in this guy is here for you to be able to help out.

Yeah. I mean, because that’s one of the things that really in a rapidly growing area, one of my big runs I work in is really focusing on engaging folks who are new to owning land or haven’t been out on it in a while and helping that set them up for success. Right. So, you know, in many cases, it’s, you know, advising them on what do you want to do on your land? You know, you have this property and it’s your property. You can do whatever you want on it.

But if you want to keep things like an AG valuation, I mean, with a lot of people, it just kind of figure out, hey, what do you want to do? How does that fit within with the appraisal district says qualifies for ag use? Does that fit for your purpose?

And even going into things like buying equipment, you know, when does it make sense? When does it not? You know, some things you know, if you have an implement that you’re going to use twice a year, it doesn’t make sense to rent. It doesn’t make sense to buy it. Can you go halfsies with your neighbor and then kind of timeshare it? How how does that work? And you really kind of bring that learning curve from a cliff to a slope.

And, you know, and that’s, like I said, three calls to do a lot of workshops. And we have like a landowner, one on one. We do every year. We’re in the middle of it right now and really helping get people on board. And get their feet under them so they know kind of some some basic information and more importantly, what questions to ask and who to ask them to.

Well, my next question for you then is going to be how much land should each person kind of get? I know it depends. Right. But sometimes you see people getting like way too much or way too little is your kind of a sweet spot. If I’m taking my first step out there and I’m going to get some land, what amount would you kind of be saying kind of look for? Give me some guy, you know,

And that’s I’m going to give you the extension answer. It depends, because it really is very one. Buying land, of course, is a very personal choice. And it really comes down to what do you enjoy? What do you want to do with it? Right. If you I would say if you want to raise cattle, you’re going to need at least probably 10, 12 acres of agricultural land, which if you add an acre for a homestead, you’re looking at 13 acres.

çOK, based on that, the concept of a stocking rate, how many acres do you need to provide all the forage for one cow per year? So you’re not having to spend eight thousand dollars a year buying hay? You know, that’s which is a very common question. I get just you know, it’s not. Yeah, it’s just for a lack of information, folks. Hey, how do I buy less? Hey, what do I need to do?

And then we have. Yeah, I mean, because it’s like you said, you got a tractor supply. There are a lot of things you can buy for a ranch. And so it’s all about being strategic. And then where can you say where should you spend and. I mean, really.

Ok, so you kind of like this 10 acre ish area for for a lot of people.

I would say as a start, but again, some people, 10 acres will that is very you know, that’s what they’ve always dreamed. Some people really they want one hundred acres, five hundred acres. You know, if you want privacy, you know, how how far do you need to be from your neighbors for you to feel like you have your privacy? Right. I mean, that changes person to person.

So I don’t I don’t give a recommendation on what size property to buy. But, you know, that’s something where folks can call me and based on what they want, we can try to figure it out. And that’s where we’re going to touch on one of the later discussions where real estate agent can really come in and provide a service for a client who maybe doesn’t know quite what they want or they have an idea, but not necessarily the kind of property it would take to fulfill that.

Yeah, no, it’s you’ve been tremendously helpful here on this. I would say that almost any amount of rural land is going to be better than something you have, kind of like in the city, so to speak. I mean, right where we are in Frisco, it seems like I can put my arm out and touch like the fence and the neighbor puts her arm out like we’re in her lot. It’s really crazy how close we are. So privacy, I don’t know. Almost any amount is going to give me a lot more than 90 percent of Frisco for sure. All right.

So that’s that’s pretty good. I’m saying that you need you know, once you kind of have a few acres, two or three acres, then over that, I, I personally feel there’s kind of like this diminishing return with the additional stuff that you can kind of do. You know, once you get past that base that you the first couple of acres is going to get you space privacy, a little bit of that compared to living in Frisco or something. Right, in a traditional community. And then after that, you’ll then pick what you kind of want to do.

Yeah, I mean, because after about three acres, that’s when you really, you know, three to five acres depending. That’s when you really start needing to really think about that Aggie’s valuation for a property and what you would want to do that would fit within that. You know, of course, every appraisals, every appraisal district is different and how they qualify land for agricultural use.

But that’s over the three acres. That’s when I’d start thinking about that and think about it ahead of time. If you know what you want before you buy or when you buy, that’s going to save you a lot of grief later on when it when you get that letter in the mail to renew your Aggie’s valuation, you know.

So I think Tree Farm, I don’t know. It just kind of speaks to me. Somebody I knew had won and I don’t know, I just look at it and seems a little low maintenance and maybe put in tree farm and always seems to do really, really well. And they charge you super premium prices.

I don’t know. It’s going to take a long time. Did you know that I got a giant sequoia seed? Yeah, we’re off at Half Dome and I picked up some of that stuff and on our trip and I grabbed a bunch of them. So I’m going to be putting a bunch of giant sequoias out there on the property and I’m going to start growing those. It’s probably going to take a little while. That’s gonna be a long term payoff.

But let’s say, you know, you can always visit with me and we’ll talk about what you might need to do to keep them alive.

Yeah, I have a lot of things to do. And so we’ll definitely have to talk about that. I heard that we have what do we have too much of in our soil for that to work? Right. I have to

I think it’s more of a climate thing. We get Sequoia’s grow on that west kind of northern west coast where it’s very moist. You have a lot of moisture in the air and it rains frequently, you know, kind of that northern California, Oregon kind of climate.

And over here, you know, our climate is very much you’re either drowning or you’re drowning. And that can be incredibly stressful for plants that don’t grow here on top of our soils. You know, especially in Collin County, we have those Houston black clay soils that are just the sticky gummy. So you take every step you take, you grow an inch because it keeps sticking to the bottom of the soil, your shoe. And that is a very challenging area for a challenging medium for a lot of plants to grow in.

And and it’s really easy to the most common way that people kill their house plants in Collin County is they ground them or they love them to death While these giant sequoias have a three thousand year lifespan. And I’m excited that we’re going to start out on the right foot and I’m going to have you help me figure this out. If that includes buying land somewhere else to plant trees, maybe that’s the answer.

At the end of the day, I don’t know. But we’re going to have to figure that bad boy out. I get myself into some real pickle’s, but I’m glad you’re there to pick up the pieces for us. Let’s hit the ball and move on to the next topic.

Episode Links

Chase Brooke , Starlink , Acquisto Real Estate, Mike Acquisto

Episode Recorded Live on YouTube 6.17.21

This & That

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