Ray (Caller)
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Correct.
$300,000.
It will be about half the actual value.
I would say probably $400,000.
uh well uh sorry i left that part out they would love to stay they want to stay on the farm until they pass so and no the farmhouse is not big enough to hold our family they live in the farmhouse now correct how many acres is the farm uh roughly 90 acres would you farm it
Well, it's cash lease right now, and that farm income covers the taxes and insurance, and I would continue to do that and then have some recreational property there also.
At that point, we don't know if it would be a home park.
I don't believe so.
Well, it's just the location, the recreation.
30 miles.
Late 70s.
Yeah.
The thing is, when they pass, my wife and the kids become 50% owners in it at that point anyway.
But then I think things get messy, and that's what I kind of worry about.