How to Invest in Timberland with John Brenard Part 2

Yeah, you're blowing my mind right now.

There's so many ways to make, you know, make money on the on the timberland in the land.

Right.

So what underwriting metrics matter the most to you when you guys are evaluating a potential acquisition?

Yeah, we love, again, proximity to sawmills is huge, right? We like a dry track, an upland track.

if it has road frontage running on a, on a good, good portion of it, that helps with that parcel parcelization, you know, that, you know, being able to divide it up, like I was talking about, uh, good soils, if it has timber on it, making sure that that timber is healthy, you know, it has a good stand of timber on it.

If it has, you know, cause we've bought properties that are clear cut where there's no timber on it.

Uh, you know, we, you know, We want to make sure, again, that it's good soils, that we can go and replant that property and be successful with that.

Yeah, it's a fairly long list, but something that we can punch through pretty quick because we've been doing this for a long time.

just getting on it and seeing how it lays and what we, you know, might want to do with it.

I mean, we've, you know, we've bought properties and we've actually built some infrastructure on it, right? We've put a well on it, you know, sometimes, you know, run power to it, maybe put a, you know, a manufactured home on it.

put a pond on it and kind of create that, that hunting camp for somebody.

And those bring really good money when you, when you make some of that type of investment into the property.

So there is some management that goes on with it.

Some act, you know, you can be active with it.

And some are term key.

You just buy it well, and you can just sell it to another, you know, the next guy who has a vision for what he wants to do with it.

Got

it.