Chapter 39 Are You Interested in Becoming a Big Landlord?
Hearing John Eco's question, Link was stunned for a moment and said, "I think I've already talked to you, and I only have plans to buy Marina's farm for the time being, and the other two have no plans to buy for the time being." ”
John on the other end of the line immediately said, "I think you've misunderstood." I will say that I know that there are three large farms that are connected at the same time. Those three farms are very different from your Hanse farm. There are relatively ample water rights, and they were previously operated farms, mainly grazing cattle. Once you buy a farm, you don't need much investment to run it. I think you'll be interested. ”
There are three large farms in a row, and all of them are cattle farms, so if you don't have to invest too much effort in renovating them after buying them, you can really consider buying them.
He pondered for a while, then stood up and went to the study to close the door before asking, "Where is the farm?" What is the price, how large is the area, and how much is the price?"
"Maybe we can have a face-to-face interview. John knew that such a deal was ununderstandable on the phone, and that talking about a deal on the phone was not as convincing as a face-to-face deal. "If you're free now, I'll be there in an hour and fifteen minutes. ”
Link thought for a moment, "OK! I'll be waiting for you on the farm." ”
He reappeared in the living room, finally giving Alice a good reason not to go swimming with them: "An hour later, I had an important guest visiting. ”
Alice jumped off the couch and said, "Then let's go play by ourselves." ”
Link reiterated: "You can't go to the lake for a swim. ”
"We'll play nearby. Alice pulled Angel and looked at Link with dissatisfaction. "If you had horses here, I wouldn't have asked to go swimming. ”
Link shrugged his shoulders and said, "I'll keep it, but you'll have to wait a little longer." In the future, he plans to graze cattle on the farm, and he will definitely prepare transportation for the herdsmen. Originally, he was more inclined to buy an all-terrain vehicle, but after looking at the pasture part of the farm plan, he felt that it was more convenient to use horses for grazing.
"Maybe you should give me a horse as a birthday present. Alice squinted and smiled.
"I remember your birthday just over two months ago. ”
"I don't mind getting my birthday present ten months in advance. Alice grinned and beckoned to her two companions, one older and one younger. "Lily, Angel, let's go play Need for Speed!"
Link's face changed and he said, "You can't drive faster than twenty miles." Otherwise, I'll send you home right away. ”
"Got it. I just want to drive a twenty-mile flying car. ”
Link watched the three girls walk out of the villa and smiled angrily.
A little more than an hour later, a Mercedes drove into the front yard. Link heard the voice and went out to look, and sure enough, it was John who arrived.
"Hey, Link. We meet again. John got out of the car with a big belly, and when he saw him, he raised his hand and laughed to greet him.
Link beckoned him into the living room, poured him a cup of coffee, poured himself a cup of cold boiled water, and said, "What the hell is going on?"
John put down his coffee, took out a file bag from his briefcase, handed it to him, and said, "Inside are the information materials for the three farms." All three farms are operational farms located in northeastern New Mexico. He waited until Link took the information out before he continued. "The three farms are distributed from north to south, from south to north are Hudson Farms. The east-west area of the farm is the smallest of the three farms, with 16,000 acres. ”
Link found the information on this Hudson farm, and there were some aerial photos on it, he looked at it, and said, "Although this farm is next to the river, it seems that the ranch is not very good." ”
"Yes, the northern boundary of Hudson Farm is the Canadian River, which is watered year-round, and to the west, a small river from Pagalito Creek, which is also watered year-round. It is from this small river that the farmland is diverted for irrigation. Of course, almost all of New Mexico is an underground aquifer that holds a lot of water, and if you're willing to spend money digging wells, there's an abundance of water available there. The owner of this farm has a similar business philosophy to you. Instead of grazing cattle alone, he also cultivated some farmland to grow wheat and corn. ”
Link looked at the information for a while, and felt that this farm seemed to be quite good, and if it was run well, it should not be at a loss: "This farm should not be listed, is there any story in it?"
John moved his fat ass, leaving Link worried about whether his couch would fall apart as a result. John took the aerial photograph from his hand and said, "That's why." ”
Link took a closer look and saw that the photo was on the shores of Logan Lake on the Canadian River, where there were fourteen detached villas. And there are many more vacant lots that have not yet been built for villas. Seeing this, he seemed to understand a little: "They were originally going to meet a resort center here?"
"Yes. They originally planned to make the farm a combination of business and vacation, so they built a golf club here. However, because of the bursting of the real estate bubble, the plan went bankrupt halfway through. You see, these bunkers, which originally belonged to the golf course, have become part of the ranch along with the greens of the course. John pointed out something from the picture to Link.
Pointing to the houses in the photos, he said, "Not only will the investment not be recovered, but these houses, along with the rest of the farm, cost more than $100,000 a year in property taxes." It is said that the farm has been losing money for several years, and I think it is for this reason that it was listed. The farm had 18,000 acres of pasture, 2,300 acres of farmland, six ponds with a total area of 160 acres, a relatively well-developed irrigation system for the farmland, nineteen other properties, and a dozen tool houses, a medium-sized granary, and currently 1,800 adult cattle and 220 calves. The listing price is 25 million. ”
Link listened to the price, shook his head and said, "This price is too high." ”
"This farm has been on the market for more than a year. The initial listing price was 28 million. This year, it has also been reduced by three million. Of course, there are more than 800 fewer cattle. John said with a laugh. "You have to admit it, though. If it weren't for its higher price than the market price, I don't think I would have had a chance to recommend it to you. ”
Link looked up at him and said with a smirk, "You mean, there are a lot of potential buyers?"
"Yes. Hudson Farms, which has surface water rights, does not need to invest much after buying, and also has a permit for commercial land. Such farms are well worth investing in, whether they are resort farms or business farms. It's just that its price is beyond the buyer's heart. ”
Link listened to him, feeling a little uncomfortable. A farm of about the same size, more than 20 million is too expensive. And he bought a farm, and if he wanted to get it right, he still needed to invest hundreds of millions. He doesn't feel much about spending money, though. The money came too easily for him. It feels a bit unreal, and if that money can be exchanged for business, it will be more secure for him.
He put aside the feeling of discomfort in his heart, picked up the information of another farm, and asked, "What about this Hanova farm?"
"Hanova Farm is the middle and largest of the three farms I would recommend, with an area of 58,000 acres, of which 11,600 acres are mountainous and the rest is pasture. The mountains are not rugged and grazing is also possible during the rainy season. There is a seasonal creek running from north to south in the eastern part of the farm. There are 18 large and small ponds on the farm, which are filled with water and cover an area of more than 600 acres. In addition, there are seven wells dedicated to drinking water for cattle, all of which have dedicated wind turbines. ”
"This farm only breeds cattle?"
"Yes. Hanova Ranch is a relatively regulated grazing farm that has been in operation for almost a century. ”
"Then why don't you keep it in business?"
"The current owner bought it more than 10 years ago. Because his divorce lawsuit has been settled, he needs to pay more than 200 million in alimony for his ex-wife in a lump sum. And he doesn't have that much cash. John said with a laugh. "A rich man, a divorce can bankrupt him. ”
The corners of Link's mouth also curved unconsciously, and said, "Then isn't this farm going to sell in a hurry?"
"yes, so it's not very expensive. Only 50 million. ”
"The price is not low. ”
"No, it's not that high. This farm is not the same as your Hans farm, the previous Hans farm was just the wilderness. And this one has been divided into twenty-eight grazing areas of similar size by barbed wire. And there are good irrigation wells and enough ponds to store water. All in all, its breeding facilities are one of the more complete of the three farms. And it is also relatively good in the same kind of pasture. In addition, the farm sells more than 3,000 head of cattle in packages. Cattle alone are worth three million. ”
"Then why haven't you bought it yet. "Link is really weird.
"Because it's in a hurry to sell. Potential buyers are waiting for the seller to drop the price. ”
Link was noncommittal.
John saw his attitude and explained: "The northwestern part of the farm is connected to Bell Ranch. John Malone is said to be interested in buying the farm. ”
John Malone? This is the second time Link has heard that name today.
This is the largest landowner in the United States, owning more than two million acres of land. It is said that he has quite a few large farms in his hands.
"He is very cautious in his investments. John looked at Link's expression and whispered. "You know that Bell Farms was listed for more than 110 million. John Malone took a fancy to it at the beginning, but he waited for a few years until the price dropped to more than 80 million before he started it, and finally he bought Bell Farm for only 60 million. That's more than 200,000 acres of ranch. So, even if it's a lower price now, he still wants it lower. ”
Link thought for a moment and asked, "So how many cattle can this farm raise at most?"
"It should be eight thousand. But that's definitely buying feed. ”