Quote:
Originally Posted by Rain Man
Whew.
We have two very different contenders here. This is comparing not apples to apples, but rather kumquats to vienna sausages.
Kansas - it would be great to hang out at Buehler's house, so I'll mention that as a positive. The house is pretty nice, and I actually kind of like the plains setting. I've done my share of driving in plains states and I don't mind it at all. On the negative side, I have no interest in owning 3,500 acres of farmland here other than just leasing it to somebody. And is there a restaurant within two hours of this place? I like isolation, but I don't need this much isolation. I'll ask Buehler's thoughts on how much I could make with a lease, because that's a factor here. On the whole, the house is okay but the location is kind of a deal killer given how I'd want to spend my leisure time.
Delaware - The house is nice, but doesn't wow me in any way. And I've never really wanted one of those "walkway to a bunch of sand" beach houses without a tree in sight. I have little interest in being in the house itself. The big positive here is that the house is in a touristy area, so I could wander to one of the beach towns every day for lunch. I did a race in Rehoboth a while back, and it was nice. I didn't fall in love with it, but it was nice.
I dunno. This is a heat where I'm not enthused about either option. It might come down to money, and the Delaware property wins that. I don't know what income the Kansas property would generate, but if it's less than $160,000 a year, then Delaware wins with a noncommittal shrug.
I suspect Kansas can't beat Delaware's income enough to make it worthwhile. I'll go Delaware.
|
Under the rental agreement with my landlord that pays nothing except property tax, if the irrigated will yield what it says, nothing for the grass (I can get you something), and a real conservative number on the dryland, I'd be paying you in the neighborhood of 2.2 Million for 2021, plus I could probably get you $.1/bu bin rent, that would get you another 24 K. If you were interested in renting the shop, probably 20K ish provided there is water I could get out at Volume.
Let's just say 2.25M for this year.
Looks to me like if you liquidate the equipment, sight unseen, you're looking at another 1.5 -2M
I'd definitely be interested in renting that.