I wish we could move....

Latestarter

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That's a beautiful property, but you can find others maybe just a bit less "perfect" at substantially less cost. https://www.trulia.com/property/3211836017-11250-County-Road-4027-Kemp-TX-75143

I also found that just searching using Zillow will cause you to miss properties as well. Also, Zillow isn't really ideal for searching for acreage properties. Another search engine you might consider looking at is http://www.landsoftexas.com/ And since taxes are a major issue for most who care about their finances, I also found this site most handy https://smartasset.com/taxes/property-taxes TX has no income tax and running a country (TX considers itself separate from the US in many regards, and in some it is) takes money, most of which is raised here by property taxes. You can mitigate it somewhat by using the homestead exemption (knocks $25K of assessed value for tax purposes), but the biggest is the agricultural exemption. You block off 1 acre around the house to be the residential property and get the rest designated as agricultural. That way the value gets broken up and some is taxed substantially lower than the residential portion. You do however have to document ag income within 5 years to keep the exemption and not have to pay back taxes (and penalties) on the whole property. From what I understand there are 2 types of ag... timber (helps with the 5 year but can kill you years from now) or animals, and here in TX, cattle are the king when it comes to ag. TX doesn't recognize goats or chickens and the like from what I understand.

Sales taxes are steeper than CO as well, you can get an ag exemption for that as well where you'll pay no sales tax on materials and supplies that are directly geared toward the ag portion of the property... animal feed, fertilizers, equipment, fencing, etc. That can save you a bundle! And I guess it even includes dog food.

Really glad your SO is willing to consider it. If he's really a "city slicker" type, and I'm guessing that he is, you might want to look NE-E-SE of Dallas. I know you said he doesn't like big cities, but he does want to be within reach of higher paying jobs and such... That way he'll be within reach of a BIG city and all that it offers... You'll be in the eastern portion of the state which has the highest annual rainfall (it's GREEN!) and an hour outside Dallas you'll be in country. Really, there are some decent "small cities" east of Dallas, Tyler being one of the largest.

There are no mountains down here for you to climb to escape the heat (and humidity... remember there's a LOT of humidity down here!) and the further south you go, the higher the humidity gets. Also, hurricanes do sometimes move ashore along the TX coast, which is pretty flat, so they carry massive amounts of rain and flooding inland quite a ways. So as I was recommended, you might consider drawing a line east/west and stay north of that line.
 

Baymule

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Here's a cute place on 73 acres for $449,900. It's in Van Zandt county, between Tyler and Canton, giving your boyfriend 2 towns to find work in. Or he could drive to Dallas. And the best part is it is only about 15 miles from me! LOL Really, the best part is that ya'll could pay cash for it after you sell your place. On the Google earth view, tap it a couple of times to move out the view, we're across I-20 in Garden Valley.

http://www.landsoftexas.com/property/4405-FM-1995-Van-Texas-75790/2380069

Seriously, finding a place you could pay cash for from the proceeds of selling your current home would be a good idea. There are some real nice places out there, but you have to find them. And it depends on where your boyfriend finds work.
 

babsbag

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@Mini Horses I don't have pastures and the people that do have large wells, live in an irrigation district, or have water rights to a major river; I have neither. The norm is virtually no rain May-Oct and that is the way I like it. Pretty much everyone I know buys hay for their livestock.
 

Alexz7272

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He thankfully is not quite a city-slicker but his father is the regional Vice President for HP, so he grew up how we could say, comfortably. :rolleyes:
He has made two things a requirement, a large machine shop & water. He said if it has a pond or lake he'd be extremely interested. Yay! Just happy he is considering things more too. You guys are AWESOME!

@Latestarter Thank you so much for those sites, I will share that with him!
 

TAH

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We had friends they use to live a half hour from Paris and loved it. We consider several times moving to Texas but God had other plans.
 

Bruce

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He thankfully is not quite a city-slicker but his father is the regional Vice President for HP, so he grew up how we could say, comfortably. :rolleyes:
He has made two things a requirement, a large machine shop & water. He said if it has a pond or lake he'd be extremely interested. Yay! Just happy he is considering things more too. You guys are AWESOME!

@Latestarter Thank you so much for those sites, I will share that with him!

If there is no pond, you can sometimes create one depending on the terrain. The pond behind my barn is "I don't know how old" but it is man made, probably before the advent of excavators. The NE section is sedimentary ledge, the west and north walls are all "dredged up from making the pond".

So ... I know an HP VP, how stable is BF's Dad's job? I'm guessing NOT given I talked to her just a week ago and she said HP is breaking up (no surprise there). Her position was eliminated and she is in a new one but she figures 6 months before she goes through it again.
 

misfitmorgan

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That place looks nice but WAY overpriced!! Area homes are less then 300k, the property accessed at 346k and they have been trying to sell it since September 2013. Houses that are good deals for the area do not sit on the market for 3+yrs and property taxes are almost 6k/yr. This house is literally the most expensive house listed for sale in/near Tyler.

This house is only 2yrs old and on 33 acres and just sold for 285k
http://www.zillow.com/homes/for_sal...5,-95.035515,32.137827,-95.518914_rect/10_zm/

This place looks like a nice deal. 85 acres with all your barns up already and paddocks fenced(not sure what all livestock you want), ponds stocked with fish, barn stalls, hay barn, feed silo, grain/feed room, shop..etc. Most things you could want i would think asking 478k and only 5mins from Tyler. Admittedly the house is kinda poopy but being 225k less then the other place you could build your own house. You can put up a really nice house for less then 150k as far as i know. http://www.zillow.com/homes/for_sal...5.035515,32.137827,-95.518914_rect/10_zm/2_p/

I gotta say i LOVE this place
http://www.zillow.com/homes/for_sal...5.035515,32.137827,-95.518914_rect/10_zm/2_p/
But again its overpriced by about 70k

This is one of the worst offenders
http://www.zillow.com/homes/for_sal...5.035515,32.137827,-95.518914_rect/10_zm/2_p/
Overpriced by approx 150k

Then you also have to watch for the reverse though....This house is listed at 565k and is goregous but tax wise it is taxed like it is worth $1,061,000 approx so yearly taxes are over 9k.
http://www.zillow.com/homes/for_sal...5.035515,32.137827,-95.518914_rect/10_zm/2_p/
This listing has a typo glitch for acerage its only on 10acres.

Also these places which zillow does not have all of them listed.
http://www.kw.com/homes-for-sale/75703/TX/Tyler/15030-County-Road-1131/3yd-GTARTX-10049271.html

I definitely think a trip is in order.

You wanna keep in mind how many animals you want, their upkeep time, how far it is to possible work or buying farm supplies, groceries etc, yearly taxes, monthly payment(do you really wanna pay 3k+ per month), type of climate you like(no snow is nice but having animals get heat stroke sucks as bad as frostbite). If one of you gets hurt outside of work and cant work for awhile can you still afford the payments? The housing market is getting ready to crash again and soon, do you want to buy a brand new place to end up oweing way more then it is worth because you overpaid in the first place? How many acres of property do you NEED? For most people buying and maintaining 60-80acres is not reasonable alongside a full time job. If the property needs any infrastructure such as barns, water lines, fencing, gates, sheds, shops, garages, house, driveways, property cleaned up, stalls, hay storage...do you have time and money left over to do those things. If you plan on keeping goats/sheep and the fencing is for cattle/horses you know your going to have to re-fence it all and i can tell you minimal fencing with the "cheap" field fence on 20acres is around 30k if you do it yourself...so 30k times 3 or 4...it adds up.

Personally i think the biggest question would be do you wanna be the Jone's or do you wanna be the Smith's. You can have a really exspensive house and pay thru the nose for 30-40yrs or you can live in a completely paid for house on 25-55acres so you have 3k of fluid income a month to invest in livestock, nice vacation, new fencing etc lol.
 

Bruce

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@misfitmorgan I agree, the house on the second listing can't be much since there a just a few pictures of it and tons of pictures outside and in the outbuildings. The 4th listing - paying for their custom work I guess. And the $.5M price tag is $90K down from before last month.

And the last Zillow listing. You mean it DOESN'T have over 49,000 acres?? bummer ;) Not sure what makes that a million dollar home and why is it taxed at that much if it is for sale at the bargain price of $565K. Down $10K 6 weeks ago which means it was overpriced at $575K)
 

Alexz7272

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You all are AMAZING and super helpful, thank you!

To answer you @misfitmorgan We ideally wouldn't want more then 20 acres, we'd be happy with 10.
I think we are planning to stick to sheep, a few goats, a few hogs and the birds of course. We are definitely doing more or a homesteading situation and selling excess on as a side business, not our main business. That being said, does anyone have experience owning a business in Texas? We currently have a contract engineering business that obviously we'd relocate with us. It's just the two of us and it is a registered LLC, I know NOTHING about moving something like that. We also are about to get one our patents issued come December and start production on that. I'll have to look that all up I guess.
As far as infrastructure, it would be nice if it was already set up, but we could do it ourselves too (yes I know lots of work). The main thing it has to have is a big (reasonable) machine shop, we have a lot of machinery we'd be moving down. Totally not looking forward to even the potential of that.
Soooo much to think about!
 

Latestarter

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A main thing you have to keep in mind.... try to do nothing less than 11 acres... I'm not sure as I've heard mixed info, but I believe it runs by county and there's a minimum acreage required to get the ag exemption. You must have a min of 1 acre attached to the house, and although I guess some counties allow ag exempt with 5 acres, I believe most are 10 or more acres of ag required. You really don't want to pay full property tax on the whole 20 acres (can you say OUCH?!) if you can avoid it. On my 19 acres, the difference is ~ 1 grand vs almost 3 grand/year in property taxes.
 

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