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#173 - Hard Lessons Learned From Building A Dream Whitetail Farm From Scratch with Steve Hanson

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Manage episode 490343054 series 3285723
Content provided by Jake Hofer. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jake Hofer or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Welcome to the land podcast, a platform for people looking to educate themselves in the world of land ownership, land investing, staying up to date with current land trends in the Midwest, and hearing from industry experts and professionals.

On today's episode, we are back on the road in Iowa and we made a pit stop to talk with none other than Steve Hanson. We discuss:

  • Life offers no do-overs, but reflection can lead to valuable insights
  • Real estate principles remain constant despite market changes
  • Steve bought his first farm at 22, before even owning a house
  • Skepticism from others surrounded his early land purchases
  • Lack of prior experience allowed for a fresh perspective on land investment
  • A key mistake was not being aggressive enough in purchasing land
  • Price thresholds often deterred him from buying more land
  • Market plateaus typically last one to two years before a shift occurs
  • Learning to adapt to changing market conditions over time
  • Liquidity is a significant concern when investing in land
  • Taking risks is essential for achieving success in land investment
  • Understanding 1031 exchanges is crucial for building generational wealth
  • Holding onto farms for two to three years is ideal for maximizing value
  • Focus on good deals rather than waiting for perfect conditions

And so much more!

⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.whitetailmasteracademy.com⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠⁠⁠⁠Use code '⁠⁠⁠⁠⁠⁠⁠⁠⁠HOFER' to save 10% off at ⁠⁠⁠⁠⁠⁠⁠⁠⁠www.theprairiefarm.com⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠⁠⁠⁠Massive potential tax savings: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ASMLABS.Net⁠⁠⁠⁠⁠⁠⁠⁠⁠

-Moultrie: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bit.ly/moultrie_⁠⁠⁠⁠⁠⁠⁠⁠⁠

-Hawke Optics: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bit.ly/hawkeoptics_⁠⁠⁠⁠⁠⁠⁠⁠⁠

-OnX: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bit.ly/onX_Hunt⁠⁠⁠⁠⁠⁠⁠⁠⁠

-Painted Arrow: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bit.ly/PaintedArrow

  continue reading

172 episodes

Artwork
iconShare
 
Manage episode 490343054 series 3285723
Content provided by Jake Hofer. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jake Hofer or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Welcome to the land podcast, a platform for people looking to educate themselves in the world of land ownership, land investing, staying up to date with current land trends in the Midwest, and hearing from industry experts and professionals.

On today's episode, we are back on the road in Iowa and we made a pit stop to talk with none other than Steve Hanson. We discuss:

  • Life offers no do-overs, but reflection can lead to valuable insights
  • Real estate principles remain constant despite market changes
  • Steve bought his first farm at 22, before even owning a house
  • Skepticism from others surrounded his early land purchases
  • Lack of prior experience allowed for a fresh perspective on land investment
  • A key mistake was not being aggressive enough in purchasing land
  • Price thresholds often deterred him from buying more land
  • Market plateaus typically last one to two years before a shift occurs
  • Learning to adapt to changing market conditions over time
  • Liquidity is a significant concern when investing in land
  • Taking risks is essential for achieving success in land investment
  • Understanding 1031 exchanges is crucial for building generational wealth
  • Holding onto farms for two to three years is ideal for maximizing value
  • Focus on good deals rather than waiting for perfect conditions

And so much more!

⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.whitetailmasteracademy.com⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠⁠⁠⁠Use code '⁠⁠⁠⁠⁠⁠⁠⁠⁠HOFER' to save 10% off at ⁠⁠⁠⁠⁠⁠⁠⁠⁠www.theprairiefarm.com⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠⁠⁠⁠Massive potential tax savings: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ASMLABS.Net⁠⁠⁠⁠⁠⁠⁠⁠⁠

-Moultrie: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bit.ly/moultrie_⁠⁠⁠⁠⁠⁠⁠⁠⁠

-Hawke Optics: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bit.ly/hawkeoptics_⁠⁠⁠⁠⁠⁠⁠⁠⁠

-OnX: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bit.ly/onX_Hunt⁠⁠⁠⁠⁠⁠⁠⁠⁠

-Painted Arrow: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bit.ly/PaintedArrow

  continue reading

172 episodes

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