Land purchase for Christmas Tree Farm
Investment Info:
other investment in Ruther Glen.
Purchase price: $60,000
Cash invested: $15,000
Land purchase for Christmas Trees
What made you interested in investing in this type of deal?
Looking to establish a Christmas Tree farm in Virginia after starting a small operation in Pennsylvania.
How did you find this deal and how did you negotiate it?
I found this property through the LandWatch website, however we scoured the entire state for 3 months before finding what we wanted for the right price. They were asking $75k and told us there was "suddenly" another cash offer on the table at the same time we offered after the property had been on the market for 14 months. We held to our asking price of $60k and the deal went through....bluff called!
How did you finance this deal?
The deal was financed through Farm Credit which is a lender for farmers across the US.