Good deal or pass?

 I have an opportunity to purchase 31 acres in Forest county for 75K, all rights are included.   Does anyone have an idea if this is a good purchase or is it over priced at this time?  Thank you for responses in advance.

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Permalink Reply by George Mac Pherson on December 3, 2012 at 2:57am

If U had the Extra Money Laying around I would most deff say yes in clarion co Chevron has leased everything that they can for 3250 an acre if u r looking for quick cash i would tell you no but if u r looking for an investment in the future i would due it all day

Permalink Reply by Lance Nimmo on December 3, 2012 at 4:52am

If this is true, why when I talked to Chevron are they not interested in my 50 acres in Madison County? Do you have a contact for me? Thanks

Permalink Reply by Finnbear on December 3, 2012 at 5:18am

Who has leased the property surrounding yours?

Permalink Reply by Finnbear on December 3, 2012 at 3:14am

Any marketable timber on the property?

Permalink Reply by TFP on December 3, 2012 at 6:34am

Going to check on that also.

Permalink Reply by owner on December 3, 2012 at 4:26am

Get an abstract done to assure that you are getting the oil and gas rights. 

Permalink Reply by TFP on December 3, 2012 at 6:33am

Owner what exactly are you calling an adstract?   Thank you everyone so far that has given a response.

Permalink Reply by Finnbear on December 3, 2012 at 6:41am
Permalink Reply by TFP on December 3, 2012 at 1:58pm

Thank you, very good information.

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