I think I'll go into ranching

[ckissick]

I bet I can talk them down to $190,000,000. I hope it comes with a helicopter. I've always wanted one of those, too.

https://www.bizjournals.com/dallas/news/2021/10/20/turkey-track-ranch-icon-global-uechtritz.html

[masraum]

Wow, beautiful bit of property. I apparently, need to win one of those billion dollar lotteries.

[herr_oberst]

Talk to a bank, you might be surprised. It looks like the place is set up to make a profit.

"The sale includes a 40% stake of mineral ownership and revenues from a number of existing oil and gas wells, as well as further development potential for more"

[Arizona_928]

Probably just enough to pay for property tax ^^^

[masraum]

Originally Posted by herr_oberst

Talk to a bank, you might be surprised. It looks like the place is set up to make a profit.

"The sale includes a 40% stake of mineral ownership and revenues from a number of existing oil and gas wells, as well as further development potential for more"

I saw that. 40% isn't bad these days (although it would suck to not get it all). I know someone that sold ~100 acres but kept ~99% of the mineral rights, and that property has a producing well.

Originally Posted by Arizona_928

Probably just enough to pay for property tax ^^^

Maybe. Then I assume there's a ton of maintenance required. I can't even imagine what would be involved with owning/managing that much property. If I could afford it, I probably wouldn't have to worry about doing anything else. If someone wants to gift the property to me, I'm game to give it a shot.

[Arizona_928]

You'll have your peasants work the land.

[biosurfer1]

Any time I see properties like this, I always picture myself going to the bank to discuss buying it going something like this:



"You have less, than 10 times less, than one mortgage payment"

[masraum]

Originally Posted by Arizona_928

You'll have your peasants work the land.

Except that I'm going build a wall with a trench on the outside and concertina outside of the trench. It'll be me, family and the animals.


But if I did have subjects, they would call me "lord."

[Shifter]

Just get some foster children. They are a proven money maker for ranchers.

[herr_oberst]

Start a religion. Tax free!

[Noah930]

So no one is interested in a Pelican group buy?

[porsche4life]

Originally Posted by Noah930

So no one is interested in a Pelican group buy?

Have you been on here lately? Hell this place can’t even agree on what color the sky is lately. It’d be a small group! 🤣

[Noah930]

Fk, we're a dysfunctional bunch.

[ckissick]

Originally Posted by Noah930

So no one is interested in a Pelican group buy?

We could build an awesome race track. An exact replica of the 'Ring. But bigger.

[Arizona_928]

Originally Posted by Shifter

Just get some foster children. They are a proven money maker for ranchers.

Haha my great grandparents were some of the biggest farmers in a county in Alabama in the 1920/30's. They adopted kids to work the fields. Not child labor if you don't pay them....

[stealthn]

Was there oil & mineral rights included?

[herr_oberst]

"The sale includes a 40% stake of mineral ownership and revenues from a number of existing oil and gas wells, as well as further development potential for more"

[livi]

Will J.R be around later?

[Tervuren]

Wasn't there some plan to do that out by Hoover Dam?

Originally Posted by ckissick

We could build an awesome race track. An exact replica of the 'Ring. But bigger.

[masraum]

Originally Posted by livi

Will J.R be around later?

They are practically neighbors only being ~350 miles apart. JR will probably end up popping by (via helicopter) for BBQ and beers from time to time.