Managed Forest Law - What Does It Mean To Land Owner

If you are looking for recreational acreage in Wisconsin, you may find the property is "in the MFL". But what does that mean? And how can it affect you as a Buyer and a Property Owner.

MFL stands for Managed Forest Law, and is a program for property owners with large forested acreage to defer property taxes until land is harvested. You have a contract with the DNR for managing your property and pay lower taxes. There are also two types of MFL property - Open and Closed. Open properties have a lower tax rate and are available for the public to use. Closed properties have a higher tax rate but are not open to the public.

More information on the rules governing the purchase of MFL property can be found on the Wisconsin DNR website Managed Forest Law - Purchasing

Is this type of property right for you? Check out this paper published by the College of Agriculture and Life Sciences at UW-Madison The Managed Forest Law Property Tax Program

At BuyWisconsinLand.com we deal with MFL properties all the time - if you have more questions or are looking to invest and enjoy a beautifully wooded property of your own drop us a note at property@buywisconsinland.com or check out the listings on our website.

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Great Tips in Buying Land

Great Tips in Buying Land

By Katrina Marie Santes

Have you considered buying land? Well, many people are giving it a thought since land can be a good investment. Aside from the fact that it is affordable, people find this an attractive option because it is flexible in terms of activities for money making. You can lease, sell, and construct structures in it for a minimal investment. And if you decide not to make any hasty decisions for now, you really do not have to worry about maintenance. You need not spend much for it in maintaining land.

As for yourself, a piece of land gives you the power to customize your home. If you are really particular with the house you want to live in, you can buy a piece of land and let it sit for the meantime, as you plan your home to perfection.

So are you now interested to buy some land? Well, here are some tips in buying them:

1. Location is everything. When you buy a piece of land, you must evaluate very well the location. Decide where your property would be. If you are planning to use it for business, make sure it is near your suppliers or your clients. If you want it for residential use, make sure you choose lands that are accessible or in a prime location.

2. Check the type of land you have to purchase. Depending on its the purpose of purchasing, make sure it is suitable to whatever types of activities you want to have in it. For example, if you plan to make it as an equestrian property, the place should be ideal for racing horses. Another example is when you plan to make your property a destination getaway, and then it should be near beaches and other sites, where you feel de-stressed.

3. Before making a commitment to purchase, check your finances. The least thing you want to happen is to have problems in paying for the purchase. You also have to check on your financing options. Learn more about it and go for with lower rates. Being able to obtain the best deals is very much important, especially if you are using it as an investment property.

4. Research more about the property before purchasing it. One of the most important things you have to determine is the zoning requirement. The least thing you want to happen is to purchase a piece of land where the infrastructures you need for your business, is not allowed.

5. Check if there are working utilities. One of which is very important is water and light. These things you should look into or you might end up paying much for establishing the utilities alone.

Real estate investment is not an easy thing to do (most especially if you are planning to buy a land). Hence, bear in mind that in buying land there are certain considerations. Whatever you purpose may be, all of these things applies. Even if your primary intention is to use the property for residential purposes. You still have to select them as if you were selecting an investment property because who knows? You may decide to sell it in the future. Therefore, you should purchase land with prudence.

Find more real estate tips related to buying investment properties in Vermont Community Blog and New Hampshire Real Estate Blog.

Article Source: http://EzineArticles.com/?expert=Katrina_Marie_Santes

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Have more questions? Talk to one of our Realtors BuyWisconsinLand.com