Black Couple Sells Their 236-Acre Farm To Developers For $13.7M

[KyokushinKarateMan]

On one hand I wish they would’ve just kept it because I like to see Black people retain LAND. In this country, land is wealth. Long-term wealth. Generational wealth.

But at the same time it’s their farm to keep or sell as they see fit, their money, and who knows what they’ll do next after this. They could have something bigger in the works with that $13.7M they got for it.

But something tells me that 236 acres of farmable land in Upstate NY could fetch far more than $13.7M, over time.

 

[KyokushinKarateMan]

Sold it to the luxury hospitality brand “Six Senses”

Sonu Shivdasani, owner and CEO of Six Senses

 

[Alix217]

But at the same time it’s their farm to keep or sell as they see fit, their money, and who knows what they’ll do next after this. They could have something bigger in the works with that $13.7M they got for it.

Farmland isn't what it used to be, just look at all the CACs in flyover country. If they can trade this for holdings in Apple or Microsoft that's a better scheme for the longterm.

 

[Mashal88]

More context....

The sellers had purchased the 236-acre biodynamic farm for $8.5 million last year, two years after it was listed for the same price. The Libertys bought the distressed asset expecting it would become a family compound.

A 1-year flip that grossed them $5+ million. They know what they're doing.

Link: Luxury Resort Brand Buys 236-Acre Hudson Valley Farm

 

[GhettoTeK]

On one hand I wish they would’ve just kept it because I like to see Black people retain LAND. In this country, land is wealth. Long-term wealth. Generational wealth.

But at the same time it’s their farm to keep or sell as they see fit, their money, and who knows what they’ll do next after this. They could have something bigger in the works with that $13.7M they got for it.

But something tells me that 236 acres of farmable land in Upstate NY could fetch far more than $13.7M, over time.

That 13 mil is generation wealth

 

[invalid]

More context....



A 1-year flip that grossed them $5+ million. They know what they're doing.

Link: Luxury Resort Brand Buys 236-Acre Hudson Valley Farm

Came here to post this. Yep, they've only had the property for a year.

 

[Reptile]

Robbery. Them crackers shorted them 30 mill smh.

 

[Conan]

Land won't appreciate as much as stocks/equity in business. Good decision to sell

 

[50CentStan]

Owning 236 acres at anypoint anywhere u have to have $$ to begin with

 

[Youhadasparkwhenustarted]

I hate this idea that someone has to hold on to every investment and absolutely maximize it, otherwise it's a failure. They got a sizeable and tangible return on a one year investment, that's a win. there are other sectors to invest in and more property to buy and flip if they so choose.

I can find other things to complain about if I decide not to look at this through a capitalistic lens I suppose, but conventionally speaking they didn't do anything wrong.

 

[UpAndComing]

More context....



A 1-year flip that grossed them $5+ million. They know what they're doing.

Link: Luxury Resort Brand Buys 236-Acre Hudson Valley Farm

I wanna learn how to flip farmland

Living in Iowa made me LOVE Agriculture

 

[Geek Nasty]

I wanna learn how to flip farmland

Living in Iowa made me LOVE Agriculture

I’ve been digging into this recently in the KC. Man this is one of those areas like this old dude told me years back, look at the people who are doing it now. You’re smarter than them so you can definitely do it to. We just been frozen out of the system for centuries.

I’ve been calling around asking about developing land man it’s basically 2 things you need; capital and rezoning permits.

That’s what pisses me off about this story. You know if they sold for $13.6M the developers have a $50M business plan. I don’t know this family (can‘t see the link), but I hope they’re not the type to go on a spending spree that makes them broke in 20 years.

 

[UpAndComing]

I’ve been digging into this recently in the KC. Man this is one of those areas like this old dude told me years back, look at the people who are doing it now. You’re smarter than them so you can definitely do it to. We just been frozen out of the system for centuries.

I’ve been calling around asking about developing land man it’s basically 2 things you need; capital and rezoning permits.

That’s what pisses me off about this story. You know if they sold for $13.6M the developers have a $50M business plan. I don’t know this family (can‘t see the link), but I hope they’re not the type to go on a spending spree that makes them broke in 20 years.

100% truth right there. I want to start small. I think getting a small vacant plot of land in a city. Hire contractors/builders to develop it. Then graduate to agriculture

 

[Geek Nasty]

Land won't appreciate as much as stocks/equity in business. Good decision to sell

I hate this idea that someone has to hold on to every investment and absolutely maximize it, otherwise it's a failure. They got a sizeable and tangible return on a one year investment, that's a win. there are other sectors to invest in and more property to buy and flip if they so choose.

I can find other things to complain about if I decide not to look at this through a capitalistic lens I suppose, but conventionally speaking they didn't do anything wrong.

You think the Buyers valued that lane at $13.6M? That’s 3/8ths of a square mile in probably the richest state in the US. They should have partnered with the group building the resort instead. Then they'd still have part ownership and an income stream instead of a windfall split X ways.

 

[Mashal88]

Chid Liberty. Liberian born.
link: Chid Liberty — Unreasonable Entrepreneur

Chid co-founded Liberty & Justice, Africa’s first Fair Trade Certified™ apparel manufacturer, after working in entertainment, technology, and finance. He was born in Liberia, West Africa, but left as an infant when his father became the nation’s ambassador to the Federal Republic of Germany, with residence in Bonn. His family was later exiled in the United States. In 2009, Chid returned to Africa after 28 years abroad. Inspired by the Nobel Peace Prize winning Liberian Women’s Peace Movement, Chid co-founded Africa’s first Fair Trade Certified apparel factory to provide economic opportunities for internally displaced women, who on balance, were vulnerable to rampant unemployment and economic exclusion.

He is currently leading L&J’s rapid expansion in Liberia and throughout the region. In addition to his work at Liberty & Justice, Chid served as the Entrepreneur-in-Residence at the University of Liberia’s Monrovia Business Startup Center (BSC). The BSC was founded by Spark, a Dutch NGO, for whom Chid manages the Ignite Fund (Liberia) – an equity investment fund that makes strategic investments in Liberian Pico-cap companies with high growth potential.