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Group land purchase in Dallas, TX  RSS feed

 
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Hello everyone,

A good friend of mine who frequents this site suggested that I try and get in contact with some like-minded people. I'm actually in a position to buy rural land east of Dallas but I understand the cost savings of doing a group purchase. Land in this area is tremendously overvalued and unless one is involved in acquiring a large plot (say 50 acres plus), the odds of finding an affordable smaller plot with trees are pretty low. I'm a dietitian and my friend is actually a landscaper that specializes in sustainable design. We are both aware and supportive of permaculture and want to establish something together but of course, money is the ultimate barrier. I have tried to motivate other people into the idea of a group purchase but have had minor success thus far. What ideas/suggestions do you guys have? Also, for those of you searching for property in this same area, let's talk.  
 
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You know it's difficult. Or I find it difficult. I generally don't hear much about people coming together to buy land unless it's centered around a popular person like Paul. I know it happens, but I hope it happens more often than it appears to me. I think forming communities is a more stable approach to changing the world. I think sometimes they are formed after someone has purchased the land and started it themselves or through family connections. If you search online here many people are looking to do the same but are very spread out and some are willing to move but others are intent on staying at least in the same region. Maybe check around in the singles forum. Or the texas one https://permies.com/f/215/oklahoma-texas . Hope it goes well. Oh that area comes to mind since I saw an invitation to a workshop around there.... maybe not related but if your interested.... https://www.coloradoearth.com/workshops . Might be able to connect to like minded others there somehow.
 
steward
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Location: Zones 2-4 Wyoming and 4-5 Colorado
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Howdy Seth, welcome to permies ! I have added your thread to the Texas forum to get more views,

So If you are comfortable with giving out more info here, can you tell us more about the actual arrangement ?

Will it be like an intentional community?

Owned by stock or shares?

Subdivided so each buyer owns their own piece?

ETC.
 
seth carr
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Hi Miles,

I absolutely love the prospect of forming an intentional community. At first, however, it will simply be land subdivided and each buyer owns their share (so we shall be neighbors with common interests). That requires a substantial capital investment per person of course. At this point, I have 70K and I'm looking for individuals with substantial savings interested in a cash purchase to circumvent any debt to banks. Looking for raw land covered in trees. The start from scratch approach. However, needs to be within 1 hour of Plano, TX since the wife of my friend has a really good job there that she is not willing to sacrifice.

-Seth
 
seth carr
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So to my fellow Texans. Anyone interested in this?

-Seth
 
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seth carr wrote:So to my fellow Texans. Anyone interested in this?

-Seth[r/quote]
Hello Seth.
If it were Missouri, Washington, New Hampshire, Utah, Idaho, or Colorado, or Montana I might consider your prospective community.
Land is much cheaper in the states I've mentioned, as well as a lot less laws and such to abide by.
Texas, in comparison to those states mentioned, isn't  a great choice.
But, good luck in your endeavors.

Rory

 
seth carr
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I hear ya man. Those other states sound great but I'm trying to make this work for my friend and his wife.

-Seth
 
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Location: Dallas
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I have a 926 acre property about an hour east of Dallas.  I want to develop it into a group homestead site with approx 80 homesteads at 10-15 acres a piece.  How much would people be willing to pay for the lots do you think?  Almost every lot would have trees and pasture, some would have creek access, and all would have access to a 30 acre lake that has water year round.  Thanks!
 
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Oh the irony... I just applied to a job in Richardson TX (haven't heard back yet) and have been trying to find something that might work for me with marginal success so far. My better half wants a neighborhood, I want a forest, and the kids (6 under 13) want to swim. The closest few i have found so far are in the 300k range for a house the wife will accept and 1-5 acres that I can accept. This is a far cry from my 23 acres in eastern PA. If I get and accept a job offer, I will get in touch.
 
seth carr
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Bryan Honea wrote:I have a 926 acre property about an hour east of Dallas.  I want to develop it into a group homestead site with approx 80 homesteads at 10-15 acres a piece.  How much would people be willing to pay for the lots do you think?  Almost every lot would have trees and pasture, some would have creek access, and all would have access to a 30 acre lake that has water year round.  Thanks!



Bryan,

I would gladly pay you 70,000 for a 15 acre plot that has more trees and creek access. So that would be a little over 4500 per acre. People, including myself, would likely even pay 5K per acre depending on the advantages of each individual plot. How can we get in contact and when do you plan on executing such a business endeavor?

-Seth

 
seth carr
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Paul Lutz wrote:Oh the irony... I just applied to a job in Richardson TX (haven't heard back yet) and have been trying to find something that might work for me with marginal success so far. My better half wants a neighborhood, I want a forest, and the kids (6 under 13) want to swim. The closest few i have found so far are in the 300k range for a house the wife will accept and 1-5 acres that I can accept. This is a far cry from my 23 acres in eastern PA. If I get and accept a job offer, I will get in touch.



Paul,

Don't fall for the suburbia delusion of Dallas. The taxes are getting extreme. I hope your wife comes around...

-Seth
 
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Hey Seth-  are you still interested in getting something going? It's been a few months but just came across your post.  We are looking for the same thing- hopefully not too far outside of the metroplex either.

We've got friends out in Quinlan who love it- it's got more trees, a little more land contours to work with, and some lakes and creeks around.  We're hoping to find something similar but not as far away. 
 
seth carr
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David Chiles wrote:Hey Seth-  are you still interested in getting something going? It's been a few months but just came across your post.  We are looking for the same thing- hopefully not too far outside of the metroplex either.

We've got friends out in Quinlan who love it- it's got more trees, a little more land contours to work with, and some lakes and creeks around.  We're hoping to find something similar but not as far away. 



David,

I wish you the best of luck but I just bought land in Arkansas. The prices of Dallas, even 1.5 hours further East, simply drove me away.

-Seth
 
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Bryan Honea wrote:I have a 926 acre property about an hour east of Dallas.  I want to develop it into a group homestead site with approx 80 homesteads at 10-15 acres a piece.  How much would people be willing to pay for the lots do you think?  Almost every lot would have trees and pasture, some would have creek access, and all would have access to a 30 acre lake that has water year round.  Thanks!



Hello Bryan,

I am also looking to purchase a piece of land for homesteading near Dallas, I am also willing to pay the 4,500 - 5000 per acre. I would want to purchase 10 acres. Please reach out if and or when you do decide to make these moves. Its very hard to find small plots for homesteading. Alot of research has to go into finding the perfect land. if anyone has any suggestions or links, I would appreciate the help. thanks.
Teri -
 
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Location: Gaines County, Texas South of Seminole, Tx zone 7b
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I have 30 acres and stable job up here in Gaines county that I am trying to challenge myself with a riparian approach to the land up here.  Land is dry and rocky and I am working on it slowly to get it to be more lush and maybe one day hold water or make a spring again.  Also some one over this part of texas needs to help recharge the aquifers and keep the waters to flow into the Colorado river that many of you down by Austin use.  Although just up the draw from me there is this 320 acre plot I wish i could come up with money to buy or offer to buy from the owners since I don't see much activity on and they live an hour away.
 
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