3199 Pate Pond Road , Vernon, FL 32462
by Otiny house
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$350,000.00
Funding Goal -
$0.00
Funds Raised -
0
Days to go -
Target Goal
Campaign End Method
Campaign Story
The property also offers approximately 3,350 ft of serene water frontage. Some of the property is already cleared and mulched- ready for a home!
Imagine a vast expanse of 73 acres of lakeside property, with beautiful live oaks and cypress trees, the potential for serene waterfront views, and abundant fishing.
The property also offers approximately 3,350 ft of serene water frontage. Some of the property is already cleared and mulched- ready for a home!
It’s not just a dream, but a real place at 3199 Pate Pond Road, Vernon, FL 32462, with a purchase price of $350,000. While the cost may be prohibitive for one, it becomes attainable when shared by many.
Possible Solution: Group Land Investing
Group land investing is where we rethink property ownership. Rather than an individual footing the entire bill, a group collectively invests. This method significantly reduces each person’s financial burden, making the seemingly impossible surprisingly achievable. How does this work in real life? Let’s crunch the numbers for this Florida gem.
Financial Data: A Summary
By collaborating with 25 like-minded individuals, the vast 73-acre property shifts from an individual’s dream to a shared reality. With each investor holding 2.92 acres, the down payment drops to $2,800 per person, and the monthly mortgage contribution becomes a mere $80 each. This redefines affordability.
Outright Purchase Without a Mortgage
What if mortgage wasn’t an option? The total property cost divided by 25 investors would mean a one-time payment of $14,000 per person. This group effort concept slashes individual costs and expands opportunities.
Description | 10 investors | 20 investors | 25 investors |
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Total Property Cost | $350,000 | $350,000 | $350,000 |
Land Size | 73 acres | 73 acres | 73 acres |
Number of investors | 10 | 20 | 25 |
Land Ownership per Investor | 7.3 acres | 3.65 acres | 2.92 acres |
Down Payment per Investor | $7,000 | $3,500 | $2,800 |
Monthly Mortgage per Investor | ~$201 | ~$100 | ~$80 |
Possible Rental Income per Investor | ~$2,190 | ~$1,095 | ~$876 |
Outright Purchase per Investor | $35,000 | $17,500 | $14,000 |
Rental Income minus Mortgage per Investor | $1,989 | $995 | $796 |
Additional Benefits of Group Buying
Pooling resources goes beyond upfront cost savings. By collectively purchasing a large tract, expenses are significantly reduced:
- Risk and Maintenance Sharing: Unforeseeable costs and responsibilities are distributed.
- Income Potential: Portions of the land can be rented out.
- Community: Instant social support.
- Bargaining Power: Better deals on services and materials.
- Capital for Future Investments: Group funds for further improvements or ventures.
- Knowledge Pooling: Collective wisdom to navigate complex processes.
Conclusion
Optimal Number of People for Cost Reduction:
Upon analyzing costs for outright purchase per investor, it is evident that 25 investors generate the most significant reduction, distributing the financial burden and making the land purchase much more accessible.
Collective land purchasing truly paves the way for affordable tiny house living. Ownership of a picturesque slice of Florida becomes a tangible opportunity when individuals join hands. The calculations reveal that savings are not in pennies but in thousands of dollars.
Now, let’s consider not just the numbers but the spirit of community that this purchasing model ingrains. The property at Pate Pond Road stands not just as land but as a testament to unity, sustainability, and the tiny house movement’s potential.
If this sparks an interest, and affordable tiny home ownership is what you seek, remember—the shared model might just turn the tide in your favor. Connect, discuss, and maybe we’ll find ourselves as neighbors in a tiny house community where collaboration and affordability form the roots of our very homes.
Financial Implications of Group Buying Land:
By comparing the financial benefits of buying the Pate Pond Road property collectively versus individually, the advantages of group land investment become clear. The drastic reduction in cost per investor when purchasing together presents an attractive proposition for those considering a tiny house community.
With this insightful exploration, we unwrap the full potential of our collective endeavors. The eco-friendly, minimalist, and community-oriented approach can lead us to a more affordable, sustainable future. The Pate Pond property is not just a parcel of land; it’s the blueprint for our shared vision in tiny house living.
It appears a portion of the land is zoned conservation, but there appears to still be plenty of land to build. Buyer should do their due diligence and verify usability/build ability with the county zoning/building department. All sizes approximate, buyer to obtain a survey to verify lot dimensions, corners, and size if important.
FAQ on Group Land Investment for Tiny House Living
- What is group land investing, and how does it work?
- Group land investing involves a collective of individuals pooling their financial resources to purchase a large property. This approach significantly reduces the financial burden on each participant, making land ownership more accessible. Instead of one person shouldering the entire cost, the expenses are shared, and the benefits of land ownership are collectively enjoyed. In the case of the example in this source the land is bought and divided among 25 individuals.
- What are the main financial benefits of group land investment, specifically in the context of tiny house communities?
- The primary financial advantage is the drastic reduction in individual costs. For the example 73-acre property, a purchase price of $350,000 becomes far more manageable when shared. Instead of a large outright payment, individuals may invest a much smaller amount for a share of land. Group buying also decreases down payments and monthly mortgage contributions. For example, with 25 investors in the example the downpayment is reduced to about $2,800 per person. An outright purchase price is reduced from £350,000 to $14,000 per person with 25 investors. This brings property ownership, and the dream of tiny house living into the reach of a much wider group of people.
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The property at 3199 Pate Pond Road in Vernon, Florida is listed for $350,000.
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The sources propose that a group of investors could purchase the land together, lowering the cost per individual investor. Here’s a breakdown of the costs based on different numbers of investors:● 10 investors:○ Down Payment per Investor: $7,000○ Monthly Mortgage per Investor: ~$201○ Outright Purchase per Investor: $35,000● 20 investors:○ Down Payment per Investor: $3,500○ Monthly Mortgage per Investor: ~$100○ Outright Purchase per Investor: $17,500● 25 investors:○ Down Payment per Investor: $2,800○ Monthly Mortgage per Investor: ~$80○ Outright Purchase per Investor: $14,000If a group of 25 people purchased the property, the cost per person for an outright purchase would be $14,000. If the land is purchased with a mortgage, the down payment would be $2,800 per person, with monthly mortgage payments of approximately $80.
- Besides cost savings, what other advantages are associated with group land purchases?
- Beyond cost savings, several other benefits include: risk and maintenance sharing, where responsibilities and unforeseen costs are distributed amongst the group; income potential through the rental of portions of the land; the establishment of an instant community providing social support; increased bargaining power allowing for better deals on services and materials; the possibility to pool group funds for future improvements or ventures; and a collective knowledge base, enabling complex issues to be more easily navigated.
- How does group land investment affect the size of individual land ownership?
- When a group purchases a large tract of land, the size of individual land ownership is determined by the number of investors. In the example cited, the 73-acre property can be divided amongst 10, 20, or 25 investors. As the number of investors increases the amount of land per investor decreases. For example with 10 investors each has 7.3 acres, with 20 investors it is reduced to 3.65 acres, and with 25 investors, each would have approximately 2.9 acres.
- What is the ideal number of investors for cost reduction in a group land purchase?
- Based on the analysis provided, having 25 investors in the example yields the most significant reduction in individual costs, particularly when considering an outright purchase. By dividing costs amongst 25 people, the financial burden becomes substantially more accessible to a larger number of people. The source suggests that the highest levels of affordability come with larger groups.
- What are some possible additional revenue streams that can arise from collectively owned land?
- One significant avenue for revenue is through renting out portions of the shared land. This could involve leasing land to others for camping, small scale agriculture, or even other tiny house dwellers. The example source suggests that potential rental income per investor can amount to around £650 per month per investor (approximate conversion). Such income streams can further reduce costs and improve the financial benefits of group land ownership.
- What should potential buyers consider about zoning and land usability when purchasing property as a group?
- It is crucial for prospective buyers to conduct thorough due diligence. This involves verifying the usability of the land with the county zoning/building department. Buyers must be aware of zoning regulations, and the type of structures that may be permitted. Whilst the source mentions that some portions of the land maybe subject to conservation restrictions, and that buyers should have a survey carried out to determine exact land dimensions if important.
- How does group land purchasing support the tiny house movement?
- Group land purchasing aligns with the goals of the tiny house movement by fostering community, sustainability, and affordability. It allows individuals to invest in land they might not otherwise be able to afford, paving the way for the development of tiny house communities where like-minded people can live affordably, collectively, and in an environmentally-conscious way. The shared resources and space it creates further enhance the eco-friendly and minimalist aspects of tiny house living.
Rewards
$14,000.00 or more
Land Ownership per Investor ~ 2.9 acres
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