Mississippi land is beautiful and a great place for hunting and fishing. If you have ever dreamed of owning your own little patch of this state, now could be the perfect time to buy. Whether you’re looking for fertile farmland or a wooded area perfect for hunting and fishing, you can find what you need with Mississippi land. The following advice can help you ensure you select Mississippi land for sale that will be a good investment in the future.
Mississippi Land prices are rising, which means that land in the magnolia state could be an extremely good investment. However, before you go ahead and buy Mississippi land, you need to consider your investment goals. Do you plan to hold onto your land for just a few years and then sell it on as soon land prices rise? Or do you plan to keep the land over the long term to reap the maximum possible return from your land investment portfolio? You need to answer these questions before you purchase land for sale in Mississippi.
As with any investment, buying Mississippi land carries a risk. Land values can go up or down, or it can stay about the same over the long term, which means that no return on investment can ever be guaranteed. However, doing your research can help you find the best land investment opportunities, which could maximize your chances of making a profit on your land.
If you’re not sure where to start with seeking land for sale in Mississippi, a professional land broker could help you find the perfect patch of Mississippi land for your needs. Land brokers know the local area and can help you navigate any problems with selecting, surveying or buying your land. Working with a professional can help you avoid common pitfalls, such as buying land in a poor area or land that has legal complexities attached to it.
Mississippi Land: Different Types and Investments
At Doug Rushing Realty, we specialize in Mississippi land. Not only does the abundance of rural space offer you the chance to work and play, buying land here is also a great way to build wealth.
So, whether you’re seeking Mississippi farm land, timber land or hunting land, we can help. Here’s all you need to know about different land types and investments for Mississippi land for sale.
Research has consistently shown that farmland in Mississippi will increase in value over time. Agricultural land is a great long-term investment option that can actually provide annual income. This is why it’s so appealing for clients.
At Doug Rushing Realty, we always make sure to consult with clients about what to expect when making a farmland investment in Mississippi. Mississippi offers some of the highest quality farmland in the nation. Our expert advice can help ensure you get acreage that can deliver high yields and excellent return on investment.
To grow and protect wealth, it’s a good idea to diversify beyond stocks and bonds. Mississippi timberland is a great option for diversification to a long-term investment portfolio. In addition, buyers can get annual cash flow from timber harvest income.
Do know that searching for the best Mississippi timberland for sale is not that simple. For a property that will give you great returns, you need to consider many factors, like proximity to mills, the types of soils present, timber age class and more, which is why it’s important to get professional help. Let Doug Rushing Realty be your guide.
Many folks dream of owning property for fishing, hunting, camping, wildlife viewing and other activities. The freedom you get from having your own slice of paradise is unmatched. What’s also great is that purchasing recreation and hunting land in Mississippi is truly a great investment. After all, land values in Mississippi have been on the rise, which means buyers can build wealth while enjoying all the fun their private space offers.
Of course, buying land in Mississippi isn’t something you want to rush, especially since it can get complicated. To help you navigate the process and get the most suitable land in Mississippi, contact Doug Rushing Realty. We’ll help you find the place that can achieve your financial goals and bring you the enjoyment you desire.
Mississippi Land Taxes and Goals
No matter what time of year it is, it’s a good idea to start thinking about ways you can get a better handle on your finances and start saving more money. There are some great ways that you can keep better track of your finances and use your records to help you prepare for expenses in the upcoming year while putting more savings aside. Here are some key financial tips that can help Mississippi landowners or potential land buyers get their finances organized and save money.
In Mississippi, agricultural land can be appraised based on the use it has for agricultural purposes as opposed to what its market value might be. This kind of valuation helps appraise the land value in your favor.
An agricultural use valuation is usually only used for landowners whose primary source of income is agriculture. The land value is decided by how much income is generated by agriculture – it’s also sometimes called a 1-d appraisal. Owners have to apply for this valuation every year.
A 1-d-1 appraisal applies to a larger group of landowners and uses for land. This is sometimes called open space valuation and can include wildlife management, too. Landowners need only apply once unless the chief appraiser of the county requests a new application.
Landowners should review their records periodically throughout the year so that they are aware of their special use valuations and the excess taxes they could be paying. Losing a special use valuation can increase property taxes significantly and can make land ownership in Mississippi less attractive or even totally unaffordable.
Any kind of commercial activity on your land can help reduce property taxes and can bring in federal income tax benefits. A good CPA can help talk you through this information before making a big land purchase. You should get an appraisal of assets on the property — such as barns, houses, fences, etc. — so you can declare the cost of the land as an asset when you have a commercial enterprise.
If you’re buying the property for some kind of agricultural activity — such as cattle, hunting, etc. — many of those activities can be deducted or depreciated as an asset. The IRS views a legitimate business as having some kind of profit potential, so it’s important to be able to clearly define how your business plans to make a profit.
When you’re in the market to purchase land, you’ll want to make sure your finances are in order before talking to lenders. Having a well-prepared tax return can mean the difference between securing a loan and losing it. It can help demonstrate how creditworthy you are and illustrate your payment history in the past and ability to repay the loan from your job or business. Lenders need to see a clear and easy-to-read tax return.
Having solid records to support your tax return will also help you secure better loans. The IRS requires more and more information and you need to have detailed records of your business history in order to make sure all of the information is available and accurate. Getting your taxes prepared professionally can offer you some peace of mind because your accountant will be thorough about asking for and analyzing your records. Be sure to have receipts for everything that could possibly be a deduction and keep an organized paper trail of all of your expenses.
Make sure that your real estate planning extends into the future. You’ll want to have property transfers lined up to secured beneficiaries so you can rest assured your land ends up in the right hands in the event of your passing. This helps beneficiaries to avoid the expense and hassle of probate court. It’s still a good idea to seek counsel from an attorney regarding matters as important as transferring property – but with good counsel it should be a really simple process.
Mississippi Land Buyers and Seller Representation
When you are looking to buy land for sale in Mississippi, you need a good brokerage firm to ensure the transaction goes smoothly. Doug Rushing Realty has a trusted reputation as a professional Mississippi land brokerage company. Let’s take a look at some reasons why buyers and sellers should consider using Doug Rushing Realty to help them buy or sell Mississippi real estate.
Doug Rushing Realty has a proven track record of helping people buy and sell Mississippi land. Whether you are looking to sell your family farm or purchase land for hunting or fishing, we can help you find the buyer or seller you need. We use a range of channels to market properties to interested buyers, including online advertising and property listings. The techniques we use have allowed us to reach out to a range of high net worth investors who are always looking for attractive land for sale in Mississippi, so there is a good chance your property will attract a good price.
Communication is key to any successful property sale. Doug Rushing Realty works hard to ensure that both buyer and seller have all the information they need. When you build a relationship with Doug Rushing Realty, you can be sure you’ll be kept up to date during every stage of the buying or selling process.
As a long-standing Mississippi business, we hold ourselves to high ethical standards. When you use Doug Rushing Realty to buy or sell Mississippi land, you can be sure that you will receive a high quality, professional service that meets or even exceeds your expectations. We aim to deliver a higher standard than your average real estate broker, allowing you to enjoy a buying or selling experience that is as easy and stress-free as possible.
Whether you want to offer your ranch for sale or seek a plot of Mississippi land on which to build your dream home, Doug Rushing Realty can help. Get in touch today to find out how.
Mississippi Land and Ranches
Owning Mississippi land and in particular operating a Mississippi ranch is a different animal when compared to managing other types of MS real estate. So if managing a successful ranch is your life’s dream, there are certain skills you’re going to need in order to reach that goal.
To be successful at ranching, you’ll have to wear multiple hats. You’ll need to understand wildlife and resource management, and you’ll have to integrate those skills with knowledge of agricultural operations. If you want your ranch to be productive, you’ll have to meet the challenge of juggling all these facets of ranch operations.
If you’re looking to get into the ranching business, traditional wisdom says you’ll have to look west, beyond the Mississippi River. But you don’t have to do that. There are ranches available for sale in states east of the Mississippi that are worth a serious look. If for no other reason than the traditionally lower per acre cost in the southeast, it pays to take a look in Dixie.
Mississippi land is often lumped into the general category of “fly-over land.” But if you’re in the market for ranch land, it may be worth a stop. Mississippi is the 32nd largest state in the Union. It boasts abundant natural resources, most notably freshwater sources and well-managed wildlife populations. The state boasts five wildlife refuges along with over 50 areas where wildlife is actively managed. This makes it a favorite destination for hunters.
Don’t leave out fishing as an entertainment draw for the Magnolia State. With over 100 public lakes and over 120,000 miles of streams, Mississippi offers some of the nation’s most unforgettable fishing experiences. It is home to over 250,000 acres of freshwater, and that’s not including the southern coast access to the Gulf of Mexico.
When compared to other states, Mississippi’s price-per-acre value for rural land ranks as one of the five cheapest states in the country.
If you’re looking at ranches for sale in Mississippi, there is a lot of acreage available throughout the state. Now would be the time to ask yourself if you’re equipped to navigate the ins and outs of purchasing and operating an actual ranch. If you aren’t feeling so confident, you may consider bringing in a consulting service that can offer expertise in the following aspects of purchasing and operating ranch property:
- How to manage water resources and irrigation systems
- Surveys of boundaries, fence lines and total acreage, including access, utility and conservation easements
- Agricultural expertise for the southeastern region, including crop production and rotation, livestock operations and rotational grazing patterns
- Financial planning, including budgeting, accounting and tax obligation consulting