What Are the Best Crops To Start for New Farmers Looking To Buy Land for Sale in Harlingen?

Growing crops can be an amazing opportunity with a good deal of benefits! 

Harlingen is fortunate enough to have the perfect climate to produce crops year-round. Growing crops can be truly rewarding and our properties in South Texas can make a dream become reality! Growing your crops can benefit your health, save you trips to the grocery store, and even save you money.  

SRC Land can assist and guide you to find the perfect seller-financed land for you! We have different properties that can accommodate your goals and help you prosper. We also offer this guide on what crops are ideal for beginners to grow. 

Crops Grow Better With Love and the Perfect Climate 

To start growing crops, first look into buying land in Harlingen, with its favorable growing conditions, and then look into crops that are great for new growers! Learning which crops are best for newcomers can lead you to a new and exciting chapter in your life and help you potentially start a business. 

The following crops are a few of the simplest to grow in Harlingen: 

  • Potatoes are low maintenance. You can buy seeds around February, but you can also use a piece of dried potato as a seed. Red-skinned potatoes thrive the best. 
  • Tomatoes are an ideal crop for Harlingen. Tomatoes flourish in the pleasant, warm weather South Texas offers year-round. The soil in Harlingen is so great that all kinds of tomatoes can be produced.
  • Eggplant is perfect for harvesting in warm temperatures. As long as it doesn’t frost, eggplants can grow during our winter season, too. 
  • Radishes grow well in warm climates and can sprout beautifully in our rich soil. 
  • Lettuce can survive temperatures as low as 32 degrees, making it a great crop to grow year-round. 
  • Carrots are an easy crop to grow year-round in South Texas. 
  • Okra is a heat-tolerant crop and produces quickly. 
  • Corn and peanuts can be easy to grow and possibly be profitable since the livestock industry uses these crops to feed the animals. 
  • Citrus is a staple crop in our region because of year-round growth, and can also produce a profit. 

The list of ideal crops to grow in Harlingen is nearly endless. Our not-so-cold winters play a part in possibly making it easy to grow a large variety of crops. 

SRC Land is Here to Help and Guide New Land Owners

At SRC Land, we aspire to provide new landowners with the properties and guidance they need to achieve their goals. We hope you take advantage of the great climate and soil in Harlingen, and invest in land for crop growing that can benefit you immensely. 

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How To Start Making Money off of Your Crops? (Part 2)

We are fortunate enough to have the perfect climate and soil to raise a variety of crops in Harlingen, TX. Because of this, growing crops can be a lucrative way to make a living and become a business owner.  

SRC Land encourages you to invest in our properties for sale in Harlingen to get started in the farming industry.

In Part 2 of this series, we’re going to provide you with a few additional tips on how you can create a thriving business selling crops you can grow on your property. 

Investments To Help Your Business

When owning a business, you should take into consideration the expenses to start marketing your goods. There are a number of things you’ll need to properly sell your crops, including but not limited to, packaging materials, transportation, refrigeration, storage space, and much more.   

It’s an excellent idea to write out a business plan to better understand potential expenses and costs, and to also use spreadsheet software to track your finances. 

Don’t Bite Off More Than You Can Chew

While it may seem like a good idea to leave your job in anticipation of going all-out on your investment, the truth is that you should keep your day job until you are able to establish your business and generate enough income to pay for your living expenses. 

First, start with a smaller number of valuable crops until you feel comfortable expanding and potentially adding more crops. Having too many crops to begin with can be overwhelming for someone without experience in the agricultural industry. This can cause you to be discouraged and miss out on other opportunities that can improve the likelihood of your business’ success.

Plant the seed and patiently watch it grow. 

Love What You Grow

After doing some research, hopefully, you can find a crop that you believe in. It is important to love what you do, and to choose crops that fit your goals while also being profitable so your business can grow. 

As stated in our previous blog and article on the best blogs to grow in South Texas, with the help of your local community, your research, and plenty of hard work, you can grow into a successful business with time and effort.  

Growing Crops May Open the Door To Other Opportunities

Once you are successful in growing crops, you can get creative and start making other products with your crops.

For example, if you grow fruit, you can look into making your jams and other treats that can increase your profit. Experimenting with these ideas can be fun, and become a new way of expanding your business.  

Own Property & Become a Thriving Business Owner

SRC Land has been assisting aspiring landowners for over 20 years. When you invest in our seller-financed properties, you can achieve your goal of running your own successful business.

If you’re looking for properties for sale in Harlingen, then look no further than SRC Land. 

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8 Ways To Use Your New Commercial Property for 2022!

October is here, which means that we’re in the home stretch of 2021! Now is the perfect time to look ahead at your commercial property goals for 2022. 

Our property experts in Harlingen will help you lock down the ideal property to turn your entrepreneurial dream into a reality. Whether you’re thinking of investing in an apartment building or a hotel, the opportunities are endless.

Now, sit back and read about 8 different ways to use your new commercial property for the year ahead.

 

How To Use Your Commercial Property in 2022 

 

CSS Accordion
Often, these commercial properties include duplexes, townhomes, and apartment complexes, such as:
    • Duplex, Triplex, and Quadruplex Properties: These types of properties are essentially multi-family homes that share two or more units within the same building. 
    • Garden Apartments: These commercial properties are usually 3 or 4 stories high with 50 to 400 units. They typically do not have elevators and will always have shared spaces of yards and land space.
    • Mid-Rise & High-Rise Apartments: These apartments are mid- to high-rise when they have 12 or more stories. You may want to consider building some mid- to high-rise apartments in Harlingen!
Invest in the next Marriott or Four Seasons Hotel for the city of Harlingen. Consider using your commercial property for full-service, limited service, or extended stay hotels. Help give tourists and visitors a place to stay in Harlingen.
Consider turning your commercial property in Harlingen into an office building! There are various classifications of office buildings that you may take into consideration, such as:
    • Central business district office buildings: Consider office buildings closer to downtown Harlingen.
    • Suburban office buildings: You can also use your commercial property to build large mid-rise office buildings further away from the city center.
Consider using your new commercial properties to create spaces for retail, such as shopping centers, regional malls, or smaller community retail centers.
If you’re starting a business and need a place to manufacture, assemble, and build your products, consider using your commercial property in Harlingen to build an industrial building.
    • Heavy manufacturing: Often, these buildings house heavier machinery.
    • Light assembly: These buildings may house a mix of manufacturing, assembly, and office spaces.
    • Flex warehouse: These buildings are for both industrial and office spaces.
    • Bulk warehouse: Usually 50,000-100,000 square feet, these industrial property buildings are made to store and distribute products.
Mixed-use commercial properties are usually a mix of office, residential, multifamily, retail, or industrial buildings. Here are some ideas to help you:
    • Create a blend of mid or high-rise apartments with various retail spaces below.
    • Use it for an assembly and office space in one place. 
    • Be creative with your commercial property in Harlingen, Texas. 
Your commercial property can also be used for a variety of reasons:
    • Agricultural land is used for animal farms, ranches, and pastures. 
    • There are lands available known as infill or brownfield land, used for development but are now vacant and available for other uses.
There are many other uses for commercial properties, such as:
    • Movie theatres
    • Zoos
    • Stadiums
    • Sports fields
    • Amusement parks
    • Entertainment purposes

 

If you are an entrepreneur looking to buy land to make a commercial property, reach out to our dedicated team today to learn more about how we may help you! via @SRCLand #sellerfinancedland #commercialpropertyinharlingen #HarlingenTX
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Check Out Our Property Listings!

At SRC Land, we help people with seller financing and loan servicing. We urge any entrepreneurs looking for their next commercial property investments for 2022 to contact us right away. Your dream is waiting for you at one of our commercial properties for sale in Harlingen, Texas.

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How Investing in Land Can Benefit Your Taxes

Making the decision to purchase land offers lifetime benefits. The more time you have owning the property, the more your land will appreciate.
But that’s not the only benefit you’ll get out of this worthwhile investment!
As a landowner, you may be eligible for certain tax deductions depending on the property and the purpose it serves, and the land developers at SRC Land want to discuss this a little more in depth for your benefit.

But before we dive in, if you are new to buying land in Harlingen–whether it be for commercial or residential purposes–don’t forget to check out our other blogs that demystify the initial process.

Land Investors Get Deductions

As someone who invests in land, you are considered someone with hopes that it will ring in appreciation and raise in value. Whether you decide to buy raw land or property that you intend on renting out for income, deductions should be available.

  1. Interest Deduction
    The same process someone would follow to acquire a loan to finance a home applies to investors who might need to borrow money to buy their land. Interest will add up based on how many years you own and pay for the property.
    You can be eligible for deductions on interest when choosing to file taxes as an itemized personal deduction. A yearly deduction or “net investment income” is limited to the difference between the annual cost of property tax costs and investment expenses (not including interest expenses).
    If you own the investment land by yourself, you may also wish to get back interest deductions on IRS Schedule E.
  2. Property Tax Deduction
    Those who have invested in property with the intent of building a home but have not yet done so may not be able to claim interest and property taxes unless they have a loan ready for the process of preconstruction.
    Vacant land owners should ensure that their loan is secured before filing their taxes to offer some security being placed into their future potential home. If the loan for home building is voided, then vacant landowners may not request property taxes.
    It is in your best interest to have tax deductions for “raw land” filed as a personal itemized deduction under Schedule A for those that have a loan prepared.
  3. Rental Property Deductions
    Property owners may take deductions if they happen to rent out the property by filing under IRS Schedule E along with their corporate tax return.
    Depreciation deductions can be sought out if you rent your investment property for buildings like apartment-style homes or even commercial businesses. These kinds of deductions are applicable for whatever is affected by the renter.
    These deductions may also apply for property improvements which are being prepared for commercial usage, including developing streets on the land for businesses to use.

Capital Gains and Reduced Tax Rates

Capital gains are the profits that investors make when selling their property, whether it be residential, commercial, or industrial property. Capital gains provide a reduced tax rate contrasted with average income tax.

There are primarily two ways this is taxed:

  • Short-term: These gains on property are held in less than a year. There are no special tax benefits that come from short-term gains since it can fall 10% to 37% depending on your income.
  • Long-term: These gains come from property that was upheld for more than a year. This is mostly relative to rental properties and guarantees a significantly lower tax rate when compared to short-term gains.

As an investor, you want to make sure you have leverage on long-term capital gains. Not only will you have a decreased tax rate, but you can also take advantage of deductions acquired over the property-ownership period to reduce the taxable estimate.

How Deductions are Different for Real Estate Dealers

Individuals who are investing in land for the purpose of re-selling at a higher rate are also able to apply for deductions. They would be able to access the same deductions that an investor would be, such as interest and taxes deductions. As a sole proprietor, you would file under IRS Schedule C. The only thing you wouldn’t be eligible for is depreciation bills.

Investing in Land Is a Worthwhile Investment With SRC Land

Even though you will be expected to pay off taxes when you buy land, it is a worthwhile investment due to the simple fact that land can increase in value as time progresses, or you can even make an influx of income while renting it out.
If you have an interest in investing in a property, remember that all forms of land purchasers can apply to some degree of deduction on tax and interest.
Find the right investment for you when you call SRC Land for more information on our reasonably priced properties for sale in Harlingen.

Find the right investment for you when you call SRC Land for more information on our reasonably priced properties for sale in Harlingen.

Contact SRC Land Now