Hi all!
Property in question is a total of 25acres divided in two tracks for sale. Agricultural land, zoned agricultural/residential. It is perfect for a business I will start in a couple years but not now. Most likely this type of land will be gone gone in this area in two years.
I can not afford this land/finance it via a traditional route so I am looking into alternative ways to finance it. What options do I have? Owner financing? Separating 1acre, assigning it and using the assignment money as a down payment? Can I finance it as an investment if cash flow is positive while rented to a farmer for a couple years? What else am I not thinking about here?
Thousands of thanks to you all!
@Chloe Mariant Seller financing for raw land is usually one of the better options. Otherwise look to local banks and credit unions that know the land and area well. Expect to put down a high downpayment for financing through banks, probably in the 30-50% range down.
Good luck!
@Chloe Mariant Seller financing for raw land is usually one of the better options. Otherwise look to local banks and credit unions that know the land and area well. Expect to put down a high downpayment for financing through banks, probably in the 30-50% range down.
Good luck!
@Chloe Mariant Seller financing for raw land is usually one of the better options. Otherwise look to local banks and credit unions that know the land and area well. Expect to put down a high downpayment for financing through banks, probably in the 30-50% range down.
Good luck!
Can't help, but wish you good luck.
Save up a down payment: reach out to friends and family.
Can't help, but wish you good luck.
Save up a down payment: reach out to friends and family.
Thank you Mike!
Hi all!
Property in question is a total of 25acres divided in two tracks for sale. Agricultural land, zoned agricultural/residential. It is perfect for a business I will start in a couple years but not now. Most likely this type of land will be gone gone in this area in two years.
I can not afford this land/finance it via a traditional route so I am looking into alternative ways to finance it. What options do I have? Owner financing? Separating 1acre, assigning it and using the assignment money as a down payment? Can I finance it as an investment if cash flow is positive while rented to a farmer for a couple years? What else am I not thinking about here?
Thousands of thanks to you all!
Bring on an equity partner
Hi all!
Property in question is a total of 25acres divided in two tracks for sale. Agricultural land, zoned agricultural/residential. It is perfect for a business I will start in a couple years but not now. Most likely this type of land will be gone gone in this area in two years.
I can not afford this land/finance it via a traditional route so I am looking into alternative ways to finance it. What options do I have? Owner financing? Separating 1acre, assigning it and using the assignment money as a down payment? Can I finance it as an investment if cash flow is positive while rented to a farmer for a couple years? What else am I not thinking about here?
Thousands of thanks to you all!
Bring on an equity partner
Hello Chris! Thank you for your reply. I currently have very limited connections in real estate. Would you have any tips on how to network and find an equity partner? Would you personally know anyone that I should talk to, VA not being so far from NC haha
Thank you!
Hi all!
Property in question is a total of 25acres divided in two tracks for sale. Agricultural land, zoned agricultural/residential. It is perfect for a business I will start in a couple years but not now. Most likely this type of land will be gone gone in this area in two years.
I can not afford this land/finance it via a traditional route so I am looking into alternative ways to finance it. What options do I have? Owner financing? Separating 1acre, assigning it and using the assignment money as a down payment? Can I finance it as an investment if cash flow is positive while rented to a farmer for a couple years? What else am I not thinking about here?
Thousands of thanks to you all!
Bring on an equity partner
Hello Chris! Thank you for your reply. I currently have very limited connections in real estate. Would you have any tips on how to network and find an equity partner? Would you personally know anyone that I should talk to, VA not being so far from NC haha
Thank you!
I "know a guy" who sent you a PM and would be happy to chat further.
Hi all!
Property in question is a total of 25acres divided in two tracks for sale. Agricultural land, zoned agricultural/residential. It is perfect for a business I will start in a couple years but not now. Most likely this type of land will be gone gone in this area in two years.
I can not afford this land/finance it via a traditional route so I am looking into alternative ways to finance it. What options do I have? Owner financing? Separating 1acre, assigning it and using the assignment money as a down payment? Can I finance it as an investment if cash flow is positive while rented to a farmer for a couple years? What else am I not thinking about here?
Thousands of thanks to you all!
Bring on an equity partner
Hello Chris! Thank you for your reply. I currently have very limited connections in real estate. Would you have any tips on how to network and find an equity partner? Would you personally know anyone that I should talk to, VA not being so far from NC haha
Thank you!
I "know a guy" who sent you a PM and would be happy to chat further.
Checking my PMs now :)
Hi all!
Property in question is a total of 25acres divided in two tracks for sale. Agricultural land, zoned agricultural/residential. It is perfect for a business I will start in a couple years but not now. Most likely this type of land will be gone gone in this area in two years.
I can not afford this land/finance it via a traditional route so I am looking into alternative ways to finance it. What options do I have? Owner financing? Separating 1acre, assigning it and using the assignment money as a down payment? Can I finance it as an investment if cash flow is positive while rented to a farmer for a couple years? What else am I not thinking about here?
Thousands of thanks to you all!
If you haven't anything else, reach out, if this looks useful.
Hi all!
Property in question is a total of 25acres divided in two tracks for sale. Agricultural land, zoned agricultural/residential. It is perfect for a business I will start in a couple years but not now. Most likely this type of land will be gone gone in this area in two years.
I can not afford this land/finance it via a traditional route so I am looking into alternative ways to finance it. What options do I have? Owner financing? Separating 1acre, assigning it and using the assignment money as a down payment? Can I finance it as an investment if cash flow is positive while rented to a farmer for a couple years? What else am I not thinking about here?
Thousands of thanks to you all!
If you haven't anything else, reach out, if this looks useful.
@Chris Seveney Chris have you seen rates like this.. ??? OP just be careful shopping for money do not pay anything up front. Land loans for someone beginning are very very tough to get at the rates suggested I mean I have 40 plus years at this and I could no way get rates like this as I dont beieve they exist in the open market.. thats my personal opinion of course.
Hi all!
Property in question is a total of 25acres divided in two tracks for sale. Agricultural land, zoned agricultural/residential. It is perfect for a business I will start in a couple years but not now. Most likely this type of land will be gone gone in this area in two years.
I can not afford this land/finance it via a traditional route so I am looking into alternative ways to finance it. What options do I have? Owner financing? Separating 1acre, assigning it and using the assignment money as a down payment? Can I finance it as an investment if cash flow is positive while rented to a farmer for a couple years? What else am I not thinking about here?
Thousands of thanks to you all!
If you haven't anything else, reach out, if this looks useful.
Eddie I am definitely keeping you in mind for future deals thank you!
Hi all!
Property in question is a total of 25acres divided in two tracks for sale. Agricultural land, zoned agricultural/residential. It is perfect for a business I will start in a couple years but not now. Most likely this type of land will be gone gone in this area in two years.
I can not afford this land/finance it via a traditional route so I am looking into alternative ways to finance it. What options do I have? Owner financing? Separating 1acre, assigning it and using the assignment money as a down payment? Can I finance it as an investment if cash flow is positive while rented to a farmer for a couple years? What else am I not thinking about here?
Thousands of thanks to you all!
If you haven't anything else, reach out, if this looks useful.
@Chris Seveney Chris have you seen rates like this.. ??? OP just be careful shopping for money do not pay anything up front. Land loans for someone beginning are very very tough to get at the rates suggested I mean I have 40 plus years at this and I could no way get rates like this as I dont beieve they exist in the open market.. thats my personal opinion of course.
Jay would you mind elaborating on this? Rates are higher ( a lot? higher?)? Why is it harder for a beginner to shop for money for land versus another asset?
Hi all!
Property in question is a total of 25acres divided in two tracks for sale. Agricultural land, zoned agricultural/residential. It is perfect for a business I will start in a couple years but not now. Most likely this type of land will be gone gone in this area in two years.
I can not afford this land/finance it via a traditional route so I am looking into alternative ways to finance it. What options do I have? Owner financing? Separating 1acre, assigning it and using the assignment money as a down payment? Can I finance it as an investment if cash flow is positive while rented to a farmer for a couple years? What else am I not thinking about here?
Thousands of thanks to you all!
If you haven't anything else, reach out, if this looks useful.
@Chris Seveney Chris have you seen rates like this.. ??? OP just be careful shopping for money do not pay anything up front. Land loans for someone beginning are very very tough to get at the rates suggested I mean I have 40 plus years at this and I could no way get rates like this as I dont beieve they exist in the open market.. thats my personal opinion of course.
Jay would you mind elaborating on this? Rates are higher ( a lot? higher?)? Why is it harder for a beginner to shop for money for land versus another asset?
Hi all!
Property in question is a total of 25acres divided in two tracks for sale. Agricultural land, zoned agricultural/residential. It is perfect for a business I will start in a couple years but not now. Most likely this type of land will be gone gone in this area in two years.
I can not afford this land/finance it via a traditional route so I am looking into alternative ways to finance it. What options do I have? Owner financing? Separating 1acre, assigning it and using the assignment money as a down payment? Can I finance it as an investment if cash flow is positive while rented to a farmer for a couple years? What else am I not thinking about here?
Thousands of thanks to you all!
If you haven't anything else, reach out, if this looks useful.
@Chris Seveney Chris have you seen rates like this.. ??? OP just be careful shopping for money do not pay anything up front. Land loans for someone beginning are very very tough to get at the rates suggested I mean I have 40 plus years at this and I could no way get rates like this as I dont beieve they exist in the open market.. thats my personal opinion of course.
Jay would you mind elaborating on this? Rates are higher ( a lot? higher?)? Why is it harder for a beginner to shop for money for land versus another asset?
good luck. lenders stay far away from deals like that.