yesterday a guy (Jim) who lives near me stopped
> in and wanted some advice on buying a tractor. during our
> conversation we discovered we both owned property upstate pa.
> here is his story:
> him and nine other fellas hunted 102 acres in Susquehanna county. (Pennsylvania)
> they asked the property owners to give them first option when it was
> time to sell. the owners did just that and wanted $1000.00 per acre.
> the other nine guys backed out citing various reasons. so this Jim
> guy buys the 102 acres for $102,000.00. he mortgaged $60,000. this
> happened in 1999. a few years later he has the property timbered and
> makes enough to pay off his mortgage. forward to the gas boom and he
> signs a lease for $3000.00 an acre plus 3% royalties.
>
> and to top it off he and the other nine guys are still friends and
> still hunt together.
> in and wanted some advice on buying a tractor. during our
> conversation we discovered we both owned property upstate pa.
> here is his story:
> him and nine other fellas hunted 102 acres in Susquehanna county. (Pennsylvania)
> they asked the property owners to give them first option when it was
> time to sell. the owners did just that and wanted $1000.00 per acre.
> the other nine guys backed out citing various reasons. so this Jim
> guy buys the 102 acres for $102,000.00. he mortgaged $60,000. this
> happened in 1999. a few years later he has the property timbered and
> makes enough to pay off his mortgage. forward to the gas boom and he
> signs a lease for $3000.00 an acre plus 3% royalties.
>
> and to top it off he and the other nine guys are still friends and
> still hunt together.