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Uses for a 1031 Exchange in Real Estate

Did you know an IRS Code 1031 Exchange can be used to purchase land?

Land is an income producing piece of real estate in most cases. If you have an apartment complex, rental property, or commercial property that has increased in value it may be a great opportunity to sell and exchange tax deferred into a hunting farm or tillable land investment.  The exchange between commercial income producing property and land can be the same, as they can both be viewed as “income producing, non homestead, Real Estate.”  Well what about land that doesn’t have any income through buildings, CRP or tillable acres you might ask.  Land that doesn’t have any income today may very well have long term income opportunities in timber or other sources and the property doesn’t have to necessarily be income producing at the time to be exchangeable.  The 1031 Exchange has long been one of the best opportunities to buy and sell Real Estate tax deferred and the real estate that you own can be enjoyed in many different ways, whether you get enjoyment from fixing a broken pipe or having to hang that darn deer stand is a choice you will have to make for yourself!

– Broker Jacob Hart

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Quick Turkey Hunting Tips

Get in Close

The first thing you need to do is locate a gobbler.  That means either roosting them the night before, finding them roosted first thing in the morning or finding them in their strut zones glassing.  Either way, once you have found them I like to get as close to them as I can before I start calling.  It makes it a lot easier to convince a longbeard to commit and come to your calls if you are nearby.

Be Mobile

The biggest key to success while turkey hunting is always being mobile.  One of the best assets I have in the turkey woods is a good turkey pack.  It allows you to set up in seconds with or without a tree while being comfortable and in great shooting position.  If you are set up on a tom but they are being stubborn.  Don’t be afraid to be quiet for 15-20 minutes and then make a move on them to get closer, or just to add some movement to your call.  Even if you move away from the turkey you can still add that movement and end up pulling those stubborn birds in for a shot.  If you can’t get that turkey to commit that day, leave them be and don’t push them too much.  If you have the luxury of hunting a large tract of land or other property, let that turkey be and go try and find another one that is more active and use that bird as an option another day when he’s feeling more aggressive or possibly not hen’d up.

Don’t Over Call

Once you get the longbeard to start responding to your calls and you hear him getting closer, ease up on your calling.  The worst thing you can do is over call.  The turkey will be much more likely to hang up out of range and make you (the hen) come to him.  Once I know the tom is committed to coming I quit calling, even when he continues to gobble I will rarely call back to make him come looking.

Enjoy the Moment

Once the longbeard is in your effective range, then it’s time to hit him hard with the calls if you can.  There is nothing I love more than to get a turkey hammering at 10-20 yards in your face.  As long as he’s being calm I like to sit back and enjoy the show they put on.  Once you can’t take it any more its time to click the safety off or clip on your release, take aim and take him!

 

I hope that this quick read will help you this turkey season!

– Minnesota Land Specialist Lucas Mestad

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Grade A Tillable Ground For Sale

Located in Mower County, Minnesota, this 160 acre parcel is the classic flat, black and square tillable tract. The property has CPI’s in the mid 80’s, drains well and features patterned tile throughout the entirety. The property is located just a few minutes southeast of Blooming Prairie and is located just off of a blacktop road with an access road that goes to the middle of the property for easy access. The property is currently not rented out and is farmed by the owners.

 

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Land Auction in Allamakee County, Iowa

246.06+/- Acres Allamakee County, IA – AUCTION

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World Class Wisconsin Deer Hunting

https://www.hpraa.com/properties/80-acres-monroe-county-wisconsin/

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Awesome Outdoor Educational Night Out

Come on down to Forestville State Park at 5:30 tonight for a field day.  We will be learning about “Using Fire for Vegetation Management” which will include topics like comparing a regularly burned woodland with one that has not, evaluating the benefits burning has on local wildlife, and creating a firebreak and understand the permitting process.  There will be a light supper served before hand as well!

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Tillable Ground For Sale in LaCrosse County, Wisconsin

https://www.hpraa.com/properties/41-acres-lacrosse-county-wi/

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Small Tillable Tract in Fillmore County, Minnesota

5 +/- Acres Fillmore County, MN

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Deer Hunting Camp Houston County, MN

50 +/- Acres Houston County, MN

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Secluded Building Site in Wabasha County, MN

7.27 +/- Acres Wabasha County, MN

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Great Tillable Ground For Sale in Mower County, MN

80 +/- Acres in Mower County, MN

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Awesome Deer Hunting in Houston County, Minnesota

128 Acres Houston County, MN

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Affordable Deer Hunting at It’s Best

https://www.hpraa.com/properties/35-acres-monroe-county-wi/

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Residential and Commercial Lots for Sale in Olmsted County, MN

9 Residential/Commercial Lots Olmsted County, MN

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Shed House Country Living at it’s Finest in Allamakee County, IA

18+/- Acres Allamakee County, IA

 

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Great Affordable Hunting Ground in Fillmore County, MN

16 +/- Acres Fillmore County

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Countless Living and Business Options in the Country in Winona County, MN

https://www.hpraa.com/properties/8-acres-winona-county-mn/

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Great Tillable Farm in Dodge County, Minnesota

80 +/- Acres Dodge County, MN

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Land Auction with great Country Living in Allamakee County, IA

6+/- Acres Allamakee County, IA

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Cattle Operation Fillmore County, MN

84.5 +/- Acres in Fillmore County, MN

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