Buying Timber Never Goes Out of Style

If you’re looking to buy a recreational property, it’s smart to consider the timber on a property as part of your buying decision.

Buying timber never really goes out of style, and now is a good time to look at timber as part of a long-term investment strategy, according to a recent story in Barron’s.

The story describes how timber can be an attractive investment in a number of ways:

  • “Trees grow regardless of the politics in Washington.” Returns on timber have been shown to be consistent regardless of what the political climate is at the time.
  • “There is, of course, the cash flow you earn from harvesting the trees and selling the timber. Then, there is the biological return, the increased value of the trees you haven’t harvested as they grow each year.” Also, a landowner can benefit from the appreciation of the underlying forest land.
  • Properties stocked with young trees can be a good bargain, the story suggests. “They are cheaper to buy and have time to grow in value before they are ready to harvest. Pick timberlands with a large quantity of these, but then balance that by holding out a smaller selection of mature trees, which are ready to harvest and can earn you some immediate returns.”

Of course, the story emphasizes, patience is a virtue in this type of investing. And that ties in well with the long-term appeal of buying a property for your family’s recreational enjoyment in the coming years.

The experts in Potlatch’s Preferred Broker Network have deep experience in matching your recreational and timber investment needs, and they can help you find the property that will be perfect for you. Contact one of them today to get started!

 

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Don’t Put Your Hunting Gear Away Yet!

May seem like a quiet time for hunters.  But, this hunter found plenty to do in February.  So, in the spirit of the week, here’s a “valentine” from us to you for all our hunting friends. ♥

February is Full of Hunting Opportunities

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Wood you be ours?

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Arkansas is a Great Whitetail State

…and this is just one of 5 states where we have recreational land available for sale! According to this recent North American Whitetail article, “Arkansas is one of the South’s best states for taking trophy bucks with bowhunting gear.”

So, if you love to hunt or just love to get outdoors, start your land hunt with one of our Potlatch Preferred Brokers – how great would it be to hunt on your own land this year?  Contact us today.

[Click to read the full article]

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Cross-Country Skiing – A Good Sport for Anyone

With much of the North covered with snow, it’s a great time to think about taking up cross-country skiing.

It’s a sport that has advantages for people of all ages. It’s a relatively inexpensive sport to get into, since trail passes tend to be cheaper than the lift passes you must buy to do downhill skiing at a resort. And there are opportunities in many areas to affordably rent cross-country skis so you can try out the sport.

“Cross-country skiing is extremely popular in many parts of Minnesota, Wisconsin and other northern states, and it’s easy to see why,” says Phil Hyde of Bear Island Land Co., a Potlatch Preferred Broker in Ely, Minnesota.

“It’s a wonderful way to get exercise in the winter and something many folks who live in northern Minnesota look forward to for a change of pace,” says Phil, who lives within reach of a number of cross-country skiing trails. “And, even better? You can see some beautiful scenery in the process.”

 If you don’t know much about how to get started, a good resource is the Cross-Country Ski Areas Association, which has an informational Q&A on its website, along with a searchable list of areas around the country where you can cross-country ski.

Among the answers you will find:

  • People of any fitness level can cross-country ski, and children as young as 5 can take lessons.
  • Picking a location for your outing should include considering everything from whether you need to rent equipment to whether you want to stay onsite or near the trail.
  • It’s best to wear synthetics and wool, as opposed to cotton, which absorbs and holds moisture.

Many of Potlatch’s recreational properties are located within easy reach of quality cross-country skiing trails, part of the reason the properties offer opportunities for year-round recreation.

And now is a good time to start your property search. Contact any of our Potlatch Preferred Brokers – they are your best resource for buying a property that will be a great fit for all your outdoor recreational needs.

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Potlatch Corporation Donates to Shooting Park

Pete Aube, Potlatch Lumber Mill manager, recently presented a $2,500 check for

Pictured from left to right are Pete Aube, Lumber Mill Manager, presenting check to Bruce VonHoldt, Bemidji Trap and Skeet Club vice president. (Submitted photo)

phase one construction of the Northland Regional Shooting Sports Park. The park, which will be the new home to the Lumberjack High School Trap Team, will include rifle, pistol, trap, skeet and 5-stand sporting clays ranges providing opportunities to participate in a wide range of shooting programs.

Funding is still needed to complete the phase one build-out. To support the project, visit www.nwmf.org or make checks payable to NMF-NRSSF #603 and mail it to Northwest Minnesota Foundation, 201 Third St. NW, Bemidji, MN, 56601.

Courtesy of The Bemidji Pioneer.

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Hunting Tips…Some You May Not Know!

As you prepare to head out to the woods on your next hunting trip, there are plenty of things to think about. With this in mind, we found an interesting list of hunting tips from the alloutdoors.com website. While the article is about deer hunting, we think you’ll find many of them of interest no matter your game!  Here are three that you might not have heard before…

  1. As you pack your lunch for a cold day, make sure you’ll be able to easily open the packaging with your gloves on.
  2. If snow is in the forecast, consider chopping down several small trees ahead of time to create a food source that can attract wildlife after the snow falls. (Of course, make sure you’re on your own property if you’re cutting down trees – one of many great reasons it’s a good idea to buy your own recreational property.)
  3. You probably know to bathe before you go into the woods to eliminate scent from manufactured items like shampoo. But if you want to take this a step further, consider making and then using homemade soap from natural materials like jewelweed (checking to make sure those materials aren’t poisonous, of course).

Check out the full list of tips here.

No matter the season, as you plan your hunting trips, wouldn’t it be nice to have your own property as a home base, near your favorite spots? Get started by calling or e-mailing one of our Potlatch Preferred Brokers, who can help you find a property that’s perfect for you.

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Minnesota Broker Osterloh Achieves ALC Designation

Early last year, we posted an article about the brokers in our network who hold an ALC Designation [click here to read that article].  We are pleased to share this press release announcing the newest designee to join the ranks and share the ALC Designation.  Congratulations Rod!

Rod Osterloh has received the Accredited Land Consultant (ALC) designation from the REALTORS Land Institute. The ALC designation was the result of a comprehensive exam and multiple land-specific courses over several years. The specialized courses included topics in IRS Section 1031 tax deferred exchanges, timberland, Google Earth and financial analysis, among others. While Osterloh is the only ALC in North Central Minnesota, there are numerous ALC’s in southern Minnesota, primarily serving the agricultural sector.

Osterloh has been a broker with Close~Converse, Inc, Brainerd MN since 2003. He has over 44 years of real estate and business experience in North Central MN, having owned and managed real estate brokerages, retail and manufacturing businesses. Much of his land brokerage practice is focused on marketing land for Potlatch Corporation, a multi-state land and timber REIT. Marketing Potlatch’s land includes hunting/recreational properties as well as commercial, development and industrial land. Osterloh also represents individuals, organizations and banks to market commercial/investment properties, commercial and development land in the region.

The REALTORS Land Institute (RLI) is a professional organization that provides education, networking opportunities, tools and expertise so its members can better serve their clients. Members of RLI specialize in all types of land, including recreational, farms, ranches, timberland, vineyards, orchards, undeveloped land, subdivision, site selection and assemblage of land parcels, appraisals, auctions and farm and land management.

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For more information, contact:

Rod Osterloh, ALC
Close~Converse, Inc.
521 Charles St. Suite 201
Brainerd MN 56401
Office: 218-454-4052
Mobile: 218-831-1301
Osterloh@CloseConverse.com

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Why it’s a Good Time to Buy Recreational Property NOW

Related imageAs the New Year begins, it’s a good time to think about your goals for 2017. And if one of your goals is to buy your own piece of recreational property, this is a great time to start the process. Here are five reasons why:

  1. Buying now gives you the opportunity to use your property in the year ahead. Tired of hunting on your friends’ land? Worn out with driving back and forth when you could have a cabin to stay near your favorite recreation spots? By owning now, you can have a home base for hunting, hiking, boating or whatever you want to do.
  1. When the weather turns warmer this spring, you will be all set. No need to spend time when the weather is beautiful looking at properties. Do it now, so you have a sale finalized in time for the spring and summer. And if you plan to use the land for hunting, now is a good time to start improving a property’s appeal for wildlife, so it’s ready for the next hunting season.
  1. If you are planning to finance a property, mortgage rates are still low. Many experts expect interest rates to continue to rise in 2017, so getting a property loan now vs. later would be a smart move.
  1. If you have younger kids, take the opportunity to spend time outdoors with them now. Before you know it, they will be off on their own. Having a recreational property now gives you a spot to spend time with them – time they will remember the rest of their lives.
  1. In many parts of the country, land prices are increasing. Historically, land has proven to be a solid investment when compared to many other types of investments. And of course, the sooner you buy, the more time that property will have to appreciate.

“We talk to so many people who have been thinking about buying property for years, but are now realizing they need to make it happen,” said Mark Knight of Davis DuBose Knight Forestry & Real Estate in Arkansas, part of the Potlatch Preferred Broker Network. “As an example, one of our recent buyers had been looking for a property for at least five years and realized now is a great time to buy. He closed on his first property on December 30.  It just makes sense to buy now instead of later.”

To get started, contact Mark or any of the professionals in the Potlatch Preferred Broker Network. They will help you quickly figure out what property is best for you, in terms of everything from location to price to recreational opportunities. Call or email one of them now, before 2017 slips by!

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Happy New Year!

BEST WISHES FOR A HAPPY NEW YEAR & A SUCCESSFUL 2017!

If you cannot reach us, it’s because we’re celebrating the holiday with family and friends. Please visit with us online or try us again on Tuesday, January 3rd. Thank you!

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