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Congratulions, /biz/. Your great-uncle Bertram just died and

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Thread replies: 18
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Congratulions, /biz/. Your great-uncle Bertram just died and left you with 1,000 acres of west Texas real estate. Property taxes are due soon. What do you do with the land?

Hard mode: you respect your uncle too much to sell the land outright.
>>
>>1651081
Pay the taxes then
>>
>>1651081
>1,000 acres of west Texas real estate.
pfft
what's that worth, $500?

probably stinks of landfills, sewage treatment plants, and feedlots. Smells like the inside of a butt.

Pay the taxes and turn it into a feedlot/landfill/sewage treatment plant.

maybe put up a liquor store and a high school if it's a dry county.
>>
>>1651153
there's literally nothing wrong with feedlots
>>
>>1651081
plant the whole 1000 with lavender fields, raise escargot. flood the market, then take backroom deal from French politicians because their country is going bankrupt as i have more snails than their entire country.

That's how you topple the Snailshell of Cards
>>
>>1651081
Pay the taxes and sell the land. Reinvest the money somewhere else.
>>
Trick question. The land is farmland. Farmland doesn't owe real estate taxes. Shit.
>>
I'd pay the taxes, take a loan on the land, and invest the money into cashflowing investments.

Then take the cash flow and repay the loan with that.

Repeat ad infinitum.
>>
>>1651081
Search for oil.

Build oil rigs.

Put solar panels in spaces not occupied by oil rigs.
>>
>>1651159
france has tons of debt, is losing money and they will guillotine you if you push austerity, good job
>>
>>1651165
I wish...
>>
subdivide into quarters, keep one for self, live off interest of profits
>>
>>1651624
Best answer
>>
>>1651081
solar farm. tax break, keep land and produce a product to sell. west Texas land is shit. unless you do sheep farming for the tax write off. but all depends on how much $$ I have at the time
>>
Wait for the next oil boom
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>>1651081
pay the taxes and lease the land
>>
>>1651081
look for oil.
>>
>>1652287

Is solar honestly even viable? Wind was a total meme.
Thread posts: 18
Thread images: 1


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