Campaign Story

Are you dreaming of a serene, cost-effective, and eco-friendly lifestyle in the form of a tiny house? Look no further! We’re excited to introduce an 82-acre haven situated in the picturesque Richland, NY, just outside Pulaski. Our vision is to create a thriving tiny house community by acquiring this land together, reducing individual expenses and fostering a sense of camaraderie and sustainability.

This property boasts more than just land—it’s a lifestyle. With 1,100 feet of town road frontage and an astounding 1,300 feet of deeded waterfront on Grindstone Creek, it’s an angler’s paradise. The creek, renowned for its stock of fish and public access, means your new home could have fishing on its doorstep.

The land mix of woods and open area is perfect for a variety of uses: building a peaceful residence, setting up a weekend retreat, or enjoying outdoor activities. The multitude of potential building sites caters to your preference, be it nestled in the woods or overlooking the water.

Let’s talk about convenience. You’re not isolated here; the property is only a mile away from Rt 104 and a few miles from Rt 11, bringing you within easy access to Pulaski for your shopping needs, health services, and cozy dining options. For broader conveniences and employment opportunities, Syracuse is a manageable drive away, giving you the city’s resources without living in the hustle and bustle.

For education, entertainment, and a sense of community, you’re well-positioned. Schools for children, festivals, and local community events are all within reach, ensuring that while you enjoy the tranquility of your home environment, you’re never far from the heart of a vibrant community.

Financial Implications of Group Buying Land

Dividing the cost of this beautiful land could greatly enhance the affordability of your tiny house project. Look at these numbers:

• Outright Purchase per Investor: For just $24,500 per person (with 10 investors), you own 8.2 acres. With 20 or 25 investors, the cost per individual drops to $12,250 and $9,800, respectively, for proportional land ownership of 4.1 or 3.28 acres.
• Down Payment: As low as $1,960 per investor if 25 partners join together, significantly less than the traditional 20% down payment on a typical home.
• Monthly Mortgage: This can be as low as ~$56.22, an amount that can be covered by many people’s monthly utility bills alone.
• Rental Income Potential: Each investor could potentially earn from ~$984 to ~$2,460 per month if they choose to rent out their space, with the mortgage subtracted, that’s a substantial passive income of $927.78 to $2,319.45!

Pooling resources means affordable entry, shared investment risk, and the potential for a passive income stream to cover costs and even yield profitability.

FAQ: Tiny House Land Investment in Richland, NY

1. What is the opportunity being offered and where is it located?
2. This opportunity is for a group land investment in an 82-acre property located in Richland, New York, just outside of Pulaski. The goal is to create a tiny house community through collective land ownership, making it more affordable than purchasing individually.
3. How does the group investment model work for purchasing this land?
4. The land is purchased collectively, dividing the cost amongst a group of investors. The cost and land ownership per investor is determined by the number of participants, with options for 10, 20, or 25 investors, each acquiring a corresponding portion of the land. For example, with 25 investors, each person would purchase approximately 3.28 acres and own that outright. This significantly reduces the individual cost of purchasing the land, also lowering individual down payments and monthly mortgage costs.
5. What are the key financial benefits of buying land as a group in this case?
6. Key financial benefits include reduced upfront costs. Additionally, there’s the potential for passive rental income, which could potentially offset costs and even yield profit.
7. What kind of land is included in this investment and what are its features?
8. The property comprises 82 acres of land, featuring a mix of woods and open areas, and 1,300 feet of deeded waterfront on Grindstone Creek, which is known for fishing. It also has 1,100 feet of road frontage. The location allows for various building options, whether nestled in the woods or with views of the water.
9. What is the potential for rental income, and what does that look like?
10. Investors have the potential to generate passive rental income from their property. Estimates suggest rental income could range per month, depending on the size of the property and other factors. After deducting the estimated monthly mortgage payment, there is potential for a passive monthly income.
11. What are the benefits of this location beyond the property itself?
12. The property is conveniently located just a mile away from Route 104 and a few miles from Route 11, providing easy access to Pulaski for shopping, healthcare, and restaurants. Syracuse, with its employment opportunities and amenities, is also within a manageable driving distance. There are also schools and local community events in the area.
13. What is the overall vision for this project, and why should I consider getting involved? The vision is to create an affordable and sustainable tiny house community by pooling resources and fostering a sense of community. It provides a unique opportunity to enjoy an eco-friendly lifestyle, connect with nature, and build a tiny house with lower costs and shared investment risk. The potential for rental income adds another level of appeal.