American Land Magazine

3 3 Editor: Cash Kirk Designer: Justin Bruschi, Todd Price Associate Editor: Patrick Lamb Copy Editor: Patrick Lamb Photography: Clay Cooke, Jordan Williams, Paul Johns, Sean Fahrendorf, Wes Haertling, Adam Darnell, Brandon Steckel, Addie Rodhouse, Austin Weidhuner, Brock Ladner, Jacob Lay Listing Photography: Courtesy of Whitetail Properties Land Specialists For general inquiries or advertising, email info@whitetailproperties.com. Whitetail Properties Real Estate, LLC. 121 South Madison Street Pittsfield, IL 62363 (217) 285-9000 WhitetailProperties.com About Whitetail Properties: Founded in 2007, Whitetail Properties Real Estate has exploded into North America's top place to buy and sell recreational hunting, ranch and farm land. This fact was cemented last year with more than $3 billion in sales and being named one of "America's Best Brokerages" by The Land Report for the tenth year in a row. Whitetail Properties has expanded operations into 38 states and counting, enlisting a staff of hard-working, knowledgeable and passionate Land Specialists. The team currently averages thirteen properties sold per day throughout the year. Whitetail Properties reaches more than 24 million households nationally with Whitetail Properties TV, an award – winning show on The Sportsman Channel that showcases the benefits of owning recreational real estate. To browse prime hunting and farmland currently for sale or to contact a Whitetail Properties Land Specialist, visit WhitetailProperties.com. Copyright 2023 Whitetailproperties.com. All rights reserved. No part of this publication may be reproduced without expressed written permission from the publisher. AMERICAN LAND magazine is published by Whitetail Properties Real Estate, LLC., 121 S. Madison Street, Pittsfield, Illinois. Information provided to whitetailproperties.com is deemed reliable but not guaranteed. The publisher will not be responsible for any omissions, errors, typographical mistakes, or misinformation within this publication. Measurements and figures may be approximates. Properties are subject to errors, prior to change or sale. This magazine and Whitetail Properties Real Estate will not knowingly accept any advertising for real estate which is in violation of the law. All dwellings advertised in this magazine are available on an equal opportunity basis. The real estate advertised in this magazine is subject to the Federal Housing Act of 1968 and its amendments. The economy was fantastic a few years ago, and sellers were doing exceptionally well. The real estate market was booming. Many sellers were getting over their original asking price for their properties. However, it was not a fantastic time to be a buyer. Real estate inventory was low, so buyers had little choice, and bidding wars were prevalent. As a result, many buyers with significant down payments still had no equity. Currently, interest rates and inflation are higher than they have been for several years. But that is not entirely a bad thing. High-interest rates and high inflation are actually good things when it comes to buying land. A bad economy is the foundation of a buyer's market because more properties are available, and sellers are more reasonable. The high availability of properties and negotiable sellers is the perfect combination for purchasing equity. It may not be the best time to spend money, but it is the best time to invest money. Most people are not suddenly broke because of a downturn in the economy. They were already broke because they spent too much on things that did not provide income, tax relief, or appreciation in value. Many sellers do great during a seller's market. But more prudent investors become mega-rich during buyer's markets. I have a business partner who says to sell your TV set if you have to, but don't let this opportunity pass you by. Of course, he doesn't mean that literally. He is dramatically emphasizing the infrequency and the potential of the investment. I know you understand the judiciousness behind the adage, "buy low, sell high." But many people do not realize there are creative ways of purchasing land without borrowing money from a bank. The first two properties I purchased were on land contracts, also known as a contract for deed. Numerous sellers would benefit by selling their land on a contract for deed rather than cashing out if someone would explain it to them. A contract for deed would allow them to earn more on the sale of their land while deferring their capital gain. Not to mention, the interest income the seller receives from a contract for deed can be declared as ordinary income. In a contract for deed, the seller holds the deed until the buyer pays off the loan. Meanwhile, the buyer is acquiring equity with each payment, the interest rate is negotiable, and the down payment is negotiable. A self-directed IRA and a purchase option are other creative ways to purchase land. There are many creative ways to buy land, and depending on the property, you could make more money per year than you are paying. Finding a Whitetail Properties Land Specialist to help you explore and understand how to buy land during a buyer's market is a great first step toward you making the best possible investment. It all boils down to supply and demand. So far, other planets are inhabitable, and "God ain't making any more land," here on earth. Dan Perez, Principal Partner, Co-founder WELCOME TO AMERICAN LAND

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