To answer your direct questions.

given this location and remoteness yes you can do what you propose..

You could also have a number of legal brothels as well….

Gun range could accomdate those with military grade..

You would want to enquire about cow calf carrying capacity or if you want to go sheep.

there will be wild herd of Horses as well.

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People buy these 1 to 5k houses everyday of the week of off the interenet… Heck people buy 100k rentals off the internet.

It really boils down to the team on the ground and how well the investor vettes them.. And what kind of credentials the team has to present to the investor.

with The TWH Model I have only had one person go and actually look at a property physically,,, they are investing in us the property is important but we are really what they are investing in… Our financial standing and experince and ability to execute.

Just like large Reits and such… Not many of the people that poor billions into these investments ever do more than read a perspective look at some pics maybe google it then buy the stock.  They are more interested in the operators track record and financial ability the properties are just the vehicle.  Or if you buy any other blue chip stock.. Not many people go and inspect the factory or office complex.. they might go to the shareholders meeting.  speaking of this.. That is why I always own a few shares in some of the nicer winery's in Napa… Like to go to the share holders annual party  Eh  meeting I mean.

JLH

just looked at the link..

Pat that my friend is a money pit.

HOuse built in 1896   way too big for a rental 3300 sq ft.  this home in my humble opinon has NO value whatsoever…

Unless you live there and maybe turn it into a little apartment and rent the rooms out seperatly that type of thing,.

Absolutly not the type of property a absentee landlord should buy…

again in my ever to be humble opinion.

JLH

So with the above mentality thats how I created my investment model everyone is along for the ride and we stay connected to the investor and protect them till the end.

Some of my dearest friends are folks I sold their ranch land for…. they would list it with a city slicker C 21 agent who really did not know land sales.. but had great marketing ya know a big billboard or something.

But I got out there I could run the corners use a compass  ( pre GPS days) new what timber had value and what was scrub…

I still own one tree farm here in Oregon… In fact Tree farms in the right growing zones will give you Net yeilds that surpass many other cash flow investments, Like I was mentioning John Hancock figures there tree farms return them 10 to 14% net yearly. But of course you may go 10 or 20 years between harvests. So you need a lot of timber ground to be harvesting every year.

Timber Barrons  Railroad Barrons  Steel Barrons   then it was Oil  and now its that new fangled Social media Barron

I am sure there are many huge land holdings in OZ like this.

These types of holdings are tradiionaly cattle operations. And the value is usually realted to cow calf carry capacity per acre.

Also note that the acreage is checkerboarded with BLM… (bureau of Land management)  another words US government owned.

this is how the west was divided years ago. With big Timber,, Big railroad, and ranchers owning alternating sections of land.

US land is subdivided nationwide in SEctions   Sections are 640 acres square or 1 mile by 1 mile. And they are located off of the base and meridan lines of a half dozen major monuments in the US.

For instance in the West its the Mt. Diablo Base and Meridian, Mt. Diablo is just 50 miles east of San Fran.

Anyways..

No one is going to pay to go shoot guns on this property too much public land where they can shoot for free.

The only one who buys these kinds of parcels are the super rich…. Like Ted Turner he has bought huge chunks of the US west mainly Montanta and New Mexico… Nevada especially this part is out in the middle of nowwhere there are not a lot of redeming features. 

Save the BURNING MAN festival  ( google that one) and or house's of ill repute and sleazy gambling joints.

for 11 million dollars there are far better trophy properties than this….

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I do own a 700 acre tree farm in Oregon and I can tell you timber is a great investment in the US. Of course we bought this parcel in 2001 and will not take a dime off of it until 2021… But we paid 2 mil sold off 10 lots for 1.4 mil and in 2021 when the timber ripens and we can harvest we will pull almost 250k net a year off this property every other year for ever…. Its self sustaining.

The largest owner of timber land in the US Is Warehouser and their number one financer is the insurance company JOHN HANCOCK out of Boston….. This is the basis of almost all of the annuity type investments that insurance companys make.

The Harvard Universtiy endowment also has billions invested in long term debt in Timber lands in the US…. and other parts of the world…

Any ways if you want to look at trophy ranchs send me an email and I will be happy to send you info,, and I doubt this is spruiking
Up until 2000 I made my living logging timber and buying and selling ranch land.. I love that business.

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There is certainly a place in the US for slumlording and those that live and work it do very well… Its a niche for sure.

Same with those that buy low end Apartment blocks and crappy retail space in high crime areas.  there is always some one that will make it a go.

Just not an appropriate investment in my mind for the Out of area out of country investor.

There is a reason the commercial banks in the mid west will not loan to anyone for an investment property if they live more than 100 miles from the property… The banks know they just end up owning the assset and loosing their butts.

JLH

could not have said better myself.

last 2 years have been some of the best for hardmoney lending….. competition got killed in 08 and 07, and underwriting standards went from back of a napkin to full blown "A" paper submissions.

Now the pendulim will swing as money un thaws but will take some time so those making loans right now really have total control.

Although i still like the asset side of this cycle loading up on these house's.

working very hard though on my non recourses long term financing for foriegn investors and US IRA borrowers.

have a meeting tomorrow with Special assets department of Wells Fargo so see how that goes. There is such a demand for this product we really need 50 million or so to start…

Keep you posted once we get that product up and running. likely be mid year.

trying to peice this together.

For the realtor to go ON TITLE the Title co. has to pre pare a deed from the Seller to these new owners. And there has to be a purchase contract or Escrow instruction giving the Title co.  instructions on how to prepare the documents.

the the Purchaser has to sign Escrow instructions and intial a copy of how the deed is going to look when recorded and said deed would clearly show the TIC ownerhsip and what % ownership was being allocated to each owner.

Seems strange with the amount of experince the Aussie investor has that they would not catch this,, I suppose a German or non english speaking investor could gloss over this.

There also seems to be the case of those selling LLC interest that purport to own a certain property only to find out later the LLC  never owned the property… and I suppose the intial reason they set these up this way is to get around the anti flipping dates in the Deeds when they buy from certain government agencies.  And or they are just crooks out to scam the buying public… Hard to chase these down when there is no asset behind the LLC.

JLH