Originally Posted by Darron
Huge gamble too........I know a guy that has a 900 acre lease with them and they recently stripped more than half of it. So now their 20+ members are stuck on 400 acres...
I ended up passing on the property when they accepted my offer with a contingency that they maintain 50% mineral rights. My original offer was for 100% mineral rights. I asked them to disclose any information they had concerning minerals on the property, and I would consider raising my price. They had no basis for this other than speculation.
You make a good point. All of the property that I saw that was listed for sale had at least some areas that were recently cut. I think they are logging to show some return on their investment until they actually sell their properties. As long as they are not stripping all of the trees this would help the habitat in a year or two. It probally made it tough hunting for the group you describe the year that it was logged.