As investment, I bought this, instead of stocks. Any ideas on what to do with it?
As investment, I bought this, instead of stocks. Any ideas on what to do with it?
Location:
75km (1hr) to a big international airport. Airport has direct flights to most EU capitals (2-4hr flights)
50km to city center
25km from nearest large residential area (500,000+ population)
5km from massive organized industrial area (government supports factories here)
35km from a rich residential area
1km away from the village (its old and mostly depopulated) and animal husbandry area
Access:
There is public transportation, but one has to walk 1.5km after leaving the bus.
There is no direct road access to the land. You have to walk like 200m after leaving your car.
1km road to here is non-asphalt and its a bit bumpy ride. When it rains, it gets bad here. It rains rarely
It is quite peaceful and quiet there. You can hear interesting bird sounds sometimes. You see no buildings, no cars and no humans anywhere near you when you're there, which feels great imo. You notice the air quality after you leave your car. I personally absolutely would want to live here for a while
Ideas
Trying to clarify this rn, but I think I can make $120-160/yr/decare from leasing the land to a farmer. Land is 25 decares
"Unique co-living opportunity with vegan food & yoga sessions" In other words, remote work / digital nomad village for people who want to work REALLY remotely :) I'd have to arrange electricity (solar panels and powerbanks), internet, toilet, shower, water, tents, mattresses/pillows/sheets, food, drinking water. (Though I don't know what people will do when they're bored here? Any ideas? Meditation would get boring after some point)
Sadly location isn't touristic, but it is 1hr flight away from extremely touristic areas. One of those areas, a city, was the most visited city in the world a few years ago.
I've met a few volunteers and they seemed quite willing to volunteer for whatever I decide to do here (if I do anything). For those unfamiliar: WWOOF and Workaway
Also- Any suggestions on where I should ask this question on the internet?
Take a tupperware container set and test the water supplied to the field for PH value using a pack of litmus papers, then test the four corners and center of your field by scooping up some dirt, adding some water, and testing with litmus paper. Next, drain out the water and let it evaporate and look for signs of crystalization or condensates. Seal some of your soil samples to see if a healthy soil biome blooms in the sample, fungus and such.
A good healthy soil will have a strong biome. It and its water supply should be close to PH 6 to 7 for most tall grass and similar crops. There should be little to no saline in your soil, signs of that might indicate a brine pit forming in the water table near your land.
The most valuable single-season crops are crops that you can process yourself rather than selling to a granary. For examples: milled flour, corn byproducts, alcoholic ingredients, beets for sugar, bamboo, or switchgrass fermented into propionic acid biofuel. The major downside to being your own processor is that you're also your own distributor which is very difficult.
Make sure to join up with any farming groups in your area and get insured for any farming you do. Also get somebody to provide some bee boxes.
There's some great ideas in this thread but sadly I think most of them are fairly high risk.
Doing anything in this kind of scope is going to cost a lot of capital. If it goes wrong all that money is gone.
I would lease it to a farmer.
Maybe reserve a corner where you can build up some basic facilities. I'm not sure what's popular where you are but here in Australia you can find places like this on hipcamp where you can camp for a few dollars a day.
Use your income to build basic facilities over time. Toilets, showers, kitchen, solar.
Tbh, starting a sustainable timber operation seems like a pretty good idea if you can afford to wait 15-20 years for the investment to start to pay off. Idk, I guess you could offer it as a camp/hunting ground in the meanwhile.
Annually or sometime a couple times a year, rake the pine straw, have it bailed, then sell it to folks doing landscaping or have someone pay you for the right to do that.
In Georgia, roughly 100 acres of pine trees sell for around $1.5mil to $2mil when they are ready for harvest which is 15 to 20 years.
Hemp and No-Till see what works afterwards but it's a market call what you plant! That's my understanding. Maybe you could do something like Lavander though?
If you plan to lease out to a farmer, find one that won't fill it with herbicides and pesticides. And maybe look to only lease part of it while you work to recover other parts.
I'm looking to buy land that needs to be recovered and have the budget that will likely lead me to a place like this that doesn't have direct road access. Good luck!
That's why you get your cult followers to give you all their money, so you can afford lawyers, they can't, and the other followers can be readily coerced into placing social pressure on any dissent. This is about YOU, the work is about YOU, everything is about YOU and it always has been.
Tell you what not to do. I did the same and built an Rv park. Well so far that been a bust. They only work where they're lots of people. Also farming is an idea but only for your personal use. Farming for profit is a no win game. Depending on where this is located will decide what you can do with it. Also zoning.
I had a family member who owned land in the sticks. He said you can earn a passive income letting a farmer use it. He let a guy bail hay to sell.
Meanwhile, sit on it for 20-30 years. The land multiplied in value many times over. Eventually, it got sold to a development firm to build multiple neighborhoods after the nearby city continued to expand in that direction.
Looks like someone was farming it before, OP should contact them first since they will know about the potential and problems. Maybe make a percentage-of-profits deal rather than a lease. The timing is good for a crop, if they move quickly.
Or rewild it with native plants. Maybe some young trees on the windward edge, and seeds for a meadow
For now? Lease as much of that land as you can. Cover crop the rest. You do not want bare, tilled soil sitting there for a year+ as you figure out bigger plans.
Ha. Anyone who’s farmed knows that ag leases are such a different scenario and very negotiable, especially if you are working with someone who wants to see the land in production or help young farmers etc. I WISH there had been more willing landlords when I was farming, it took me two years to find a place at all. Lemmings can hate once they’ve negotiated their own ag lease 👀 👩🏻🌾
There's a solar farm 1km away.
I heard here it would require like $1m of investment and it pays for itself in 7 years but that's above my pay grade AFAIK
YMMV. We've got a local solar farm & the operation has gone belly-up, changed hands twice. It's got to be on its third investor/owner. Also depends on the quality of your build & your local weather; that solar field isn't even fully operational yet. Got hit by a massive hail storm maybe almost 2 years ago, it had to have smashed a couple hundred solar panels.
If you're interested in it, I'd be very careful. Insure everything. Ask everybody, people in the industry if possible.
You could get a smaller amount of panels at first, and later expand your solar farm. But I don't know if that would keep the costs low enough to be manageable for you, as solar panels aren't even the most expensive part of a solar farm. The biggest upfront investment would probably be all the electrical gear, e.g. the inverter, etc.
You could try getting a loan. Demand for renewable electricity is pretty high after all, banks might be willing to invest in something like this.
I couldn't tell you what to do with it but if I move to europe I will work on your commune and help with whatever as long as you'll have me lol
25 decares is a lot of land, you could have an entire city there. If the land is viable for farming you could allot enough of it to produce whatever you would need to sustain the population of the property, and have the rest of the place developed into living spaces and recreational areas like you said. A sports park, little golf course, botanical gardens, animal sanctuaries. Thats stuff for citizens to do besides meditate.
I mean, this is a real opportunity to create generational prosperity not just for you but for everyone who is involved in building it up. I hope that, whatever happens, you keep it safe from people who would see it turned into more wealthy suburbs or a cash crop operation that kills the soil in a generation.
Good luck to you on your journey and, again, I'd be thrilled to be a part of it
Dude I would homestead the shit out of that. Better be careful or they'll have a bunch of lemmings (Lemmy nerds?) show up with a trowel and high hopes.
If you would like to live there someday I would recommend that as your goal. I would recommend you start doing some research on permaculture which is about building wholly sustainability. Part of this sustainability is financial and piecewise building and investment. So if you want to build and live on this one day you will need the money for it.
So start with leasing the land for at least 1 year to get some cash and for you to better understand where you might want to build a structure and what you need. This allows you to plan and see what part would fit a dwelling the best. This also lets you figure out what you need for this house (i.e. water, electricity, waste removal etc.) as well as figure out how this investment can make money for you. Start small and build modularly. Your dwelling may start on as shack or even a place to set up a tent and grow larger. Same with whatever you end up doing with the land.
Permaculture talks about building food forests which are sustainable year round sources of food, goods or materials. Some of which you can sell or use yourself. These are typically perennial plants, vines and trees which all grow off each other and make a beautiful space. This can be your space for "remote working" either for yourself or visitors.
While planning on starting on this you can continue to lease your land to farmers as you slowly take it over yourself for your bigger vision. This is suppose to be small, slow but sustainable growth to your final vision.
It looks like it’s been farmed recently. I don’t know what the growing season there is, you might be too late to start this year, but if you can lease it to a farmer for this season that at least has the land be productive while you figure out your longer-term plan. That way you can put plans in place to start work when the growing season is finished.
Any zoning issues? May be worth splitting it up, lease some for farming for now, set up a couple of acres for a small utility/living area so you can visit and stay for short periods or permanently so you can get a sense of actually being there... Seasons, smells, sounds, wildlife, infrastructure like roads will all impact what the experience or opportunities actually are and often bday depending on the time of year.
With all the rage about digital detox trips you could probably get people to grow food for you while paying you for the opportunity, if the marketing is done right.
As in subsistence farming or trying to bring food to market? If the former, it will be a hard path, but possible.
OP is not in the USA If the latter, have you seen what is happening in the current food markets? For produce (quick spoilage) other nations are rejecting our produce either because of tariffs or because of retaliatory tariffs. For commodity grains like corn and soybeans, previous giant consumers like USAID, USDA, and other agencies are being cut or destroyed entirely meaning there will be a glut of production on the market for some time. Couple that with visa restrictions/deportations, the price of labor will increase substantially. Food prices are going to crater for a time because of this, and some farmers will go out of business. Those that survive will increase prices to cover all of the new expenses, but they won't be earning more profit from their work.
Did you check that you're actually allowed to build and live there? Depending on where that is (i guess left out on purpose), you can't simply decide to build a house in a field.
Yes I can build 250m2 of house here but that would kill land's future investment potential (organized industrial area expansion is the development play here)
So instead I plan to use tents to host people if I ever do something here
Though, I guess I can build sheds if they are easy/cheap to remove. I don't know much about construction
In the short term, leasing to a farmer isn't a bad idea. It looks like a lot of your tentative plans will take time and money, so a short term land rental might be a good idea.
Leasing it to a farmer seems like the obvious choice. I'm not sure digital nomads would be all that interested in working in the middle of a field.
I'd love to see land like this returning to nature with native vegetation, but that would take a really long time and doesn't come with an obvious path to making a profit. Unless you sell it to developers for a higher price in a few years, of course.
Ideas 1, 2, and 4 could come together with a permaculture food forest/farm. First task would be to cover crop the land to protect from soil loss and start replenishing some nutrients. Then, you have some time to make a good, phased plan of how you'd want to develop it.
Talk to experts and professionals whichever direction you take. They'll often save you much more than they cost.
Serious answer. A outdoor area surrounded by casinos. Walking/biking areas only. You'll need investment from builders. But you build it, they will come.
Create a startup in reasearch and development of fully autonomous robotic electrical helicopters with swappable batteries and shiny plush seats for the passengers etc.pp. Collect huge venture capital for it.
Don't forget to brag about your $1 salary!
Go broke after 3 years with a shrug.
Rent that land for some nice money to your startup as a test airfield.
As a yoga retreat site, what is your unique selling point? It’s a crowded market and that looks like plain old farmland to me. While peaceful and quiet, why would I stay there and not somewhere more scenic?
It is better to meditate in middle of nowhere (Total lack of distractions :D). Also lack of proper infrastructure enables people to feel more connected to nature which is not a lie. I have no great answer but I can try to make the community culture better than others by being there as owner and organizing events. I could keep it cheap or offer free stuff like free vegan food and free massages. If I can arrange a place to dance on, I could teach social dancing.
It does lack greenery but it felt pretty scenic to me when I was there. It is just kinda nothing in all directions. Nice breeze. Clean air. No bugs. I much rather be there than here (I'm in a normal apartment in a good location in the city) right now.
Rewild it with native flora, do yurts and whatever to attract people to live in a sustainable way with community gardening. Activities can initially revolve around returning the land to a more natural state. As things mature people will invest in the community themselves, creating their own activities etc.
Land is one of the few things you can just sit on and it's guaranteed to gain value, they're not making any more of it, as a matter of fact we're losing it to climate change with desertification and rising sea levels.
If it's farmable land I would rent it out to a farmer and make some extra cash, and if at any point you need some money you can always sell a few acres, otherwise it would be better than any amount of Cold hard Cash to hand down to any children you may have.
It has clearly been used as farmland already. And in most places where farming is common we could traditionally rely on rain, though I guess climate change is making everything funky.
Why is the village depopulated, if there's a huge industrial zone nearby presumably with lots of employees? I was thinking workers might want to buy or rent low cost housing near their workplace if the land is zoned for it and you could get electric and a well, then build some simple small housing. But if they're not buying in the village, might not be a great idea unless there's something wrong or lacking with available properties in the village.
If you're thinking yoga retreats etc, I'd consider building an Earthship or two first. They're totally eco-friendly, almost hobbit-like buildings. They fit the vibe and would give you a base of operations for future plans.
What does VISA sponsorship require? Maybe you could setup a farm/agrarian business and offer VISA sponsorship for migrants. As an American, I'd consider becoming a farmer with the opportunity to become an EU citizen lol probably not easy to do for a reason though.
I feel like solar farming was a good suggestion from someone else. Maybe plant some trees if you're not keen on making it a farm. If you can get it zoned, you might be able to get investment for residential? Though public transportation is lacking, maybe you could be the start of a small apartment complex or something like that. Idk much about this kind of thing.
OP and the land would both be better off with an experienced farmer doing the farming. At least for the upcoming growing season. But they should have an ethical contract, like a percentage of profit rather than a leech lease.