My Farm in Nowata Oklahoma
Investment Info:
Other buy & hold investment.
Purchase price: $157,000
50 acre farm. This place is old family land that was sold out and I purchased back into the family. I spent most of my childhood summers here riding go-carts and atvs. It has a double wide mobile and a 6500 sqft old paint factory on it. I had always told my wife if it ever went on the market we would buy it no matter what it took. Then in September 2014 I was in the area and drove by and it had a four sale sign in the yard. I immediately told my wife to pack her bags we were moving. She responded oh is your Grandpa's old place for sale. Lol It will always be in our family as long as I'm alive. Hopefully my boys will have the same fond memories of this place too.
How did you finance this deal?
Used another property as collateral.