Sunday, November 1, 2015

BUY Land with a PARTNER or go it ALONE?

I recently participated in a LandThink survey. LandThink brings together the various components of the land industry and provides land investing knowledge, ideas and networking opportunities to land professionals and investors to create a stronger land marketplace.

The survey question ask….. Would you prefer to own a large tract of land with a partner or a small tract without a partner”? Here are the results…

Overwhelmingly the majority of the respondents (76.37%) answered they would prefer to own a tract without a partner. Although there are some advantages to having a partner i.e. leverage larger purchases, the disadvantages outweigh the benefits. Case in point, I was recently contacted by a landowner who owns over 200 acres with a partner. The landowner was over 70 years of age and is simply not using the property any longer and he is tired of paying taxes. He and the partner have owned the property for over 20 years. They bought the property for recreational purposes and the entire family has enjoyed using the property but no longer, the kids are grown and gone. When he contacted the partner, he said he was not ready to sell. Typically the differences involve: 1) different strategies and goals and 2) time horizons differ among owners.


If you want to see my listings, visit If you have questions buying or selling LAND, contact G. Kent Morris, ALC, RF at 706.457.0090