Dan Perez is the CEO of Whitetail Properties, a company specializing in hunting, farm, ranch and timber property across the country. He is one of the founding partners, Broker, Pro-Team member and host of "Whitetail Properties" on Sportsman Channel. Listen in as Dan joins The Revolution this week to talk about investing in land, how to make your land pay for itself, improving the quality of your property and forcing appreciation of its value, managing it for recreational purposes and much more.
Buying property should be looked at like an investment, and if you do it smart you can have a return. Drawing from his own personal experience, Dan says he won't purchase any land that won't pay for itself, in the very least, and some of his properties actually earn him as much as 7% per year. What makes that situation so great, he notes, is that less money comes out of the buyer's pocket. Buyers borrow money to purchase the property, but if the property can carry itself, none of those payments will come out of pocket. The only thing you have to invest out of pocket is the down payment. There are a lot of different ways to make your property work for you, one avenue being crops of some sort - alfalfa, corn, beans, pecans, peanuts, timber. If there is a way to find a little bit of income on your property, it makes land ownership that much more achievable. Dan also highlights other effective ways of approaching land ownership.
Land is a rare product because it's the one thing that we just can't manufacture anymore of. There is no more, what God gave us is exactly what we have, and that's it. That makes land special and even with changing markets it has the unique ability to maintain its value and ever increase. The purchase of land is facilitated much more easily than buying a paper investment, Dan says. No bank will loan you money to purchase a paper investment like stocks, bonds, etc., and that tells you something very important - those investments are volatile and cannot be controlled. If you make a paper investment you can't do anything if stocks are plummeting, your hands are tied. Land, on the other hand, can be improved and with improvements you force the appreciation in value of that property. Sometimes something as simple as putting a gate on that property and cleaning up the weeds on the fence line can be enough to increase the value, Dan says. Maybe the land owner puts in a few strategic food plots and with those comes a higher quality of wildlife that can be seen and documented with trail cameras. Those investments build the prospectus of that property and contribute to its overall increase in value over time.
Outdoor lovers aren't the only people looking for rural properties to call their own. Dan says the current climate of the country has many people from the city and highly populated suburban areas seeking refuge in more rural, small town America kind of settings. They want a piece of ground away from the chaos, a good place to raise a family, a place to recreate and get-a-way. Whitetail Properties operates in 35 states and has 268 land specialists to help buyers all over the country secure a piece of ground. There is not a bad piece of property, Dan says, it just all depends on what you want to do with it and what drives you. Do you want to take up residence there, have a place to take the kids for a weekend of fun, a place where you can ride ATV's and recreate, a place where you can hunt and/or fish - there is a place for everyone. Regardless of where you buy, or how much acreage you end up with, purchasing land is a great investment, Dan says. It's an investment you can hang on to forever, or one that you can use down the road to help you fund other adventures.
Listen in as Dan Perez CEO of Whitetail Properties joins The Revolution for a wide ranging conversation on land ownership. Be sure to catch "Whitetail Properties" on Sportsman Channel, Wednesdays at 8:30 p.m. ET or anytime on MyOutdoorTV.