Where do I find money for land ?

Question

Where is the best places to find money for a small loan for land ? I need about 33 k for the land . Is there other things I need to pay for to buy land In Texas? Is 7 acres in Reagan Texas a good deal for 33k a good deal? And what are some good tactics to talk down the price ? What other ideas to pay for the land?

I am trying to buy this land from my family. My grandfather owned it and now my mom, uncle and Aunt owns it. I have lots ideas to make this land, a small business for my family. My mom is trying to get me good deal but my uncle is the main one to talk to . Which it seems my uncle and aunt , want to sell it soon ? They don’t want to do seller finance . They just all want to sell the land as soon as possible. I think they are giving me the first dibs on the land . What do y’all think?

John Kelley · Answer

@Chris Szepessy 33 % for three ways . Maybe , I will ask my mom . Thanks that’s a good idea.

Chris Szepessy · Answer

I'm going to assume the land is split 33% each between your mom, aunt, and uncle? Or are the aunt and uncle married making the split 50/50 between them and your mom? Either way, would your mom be willing to seller finance her portion? That would cut down on the amount of money you'd need out of pocket.

Kody Thompson · Answer

John,

I would look at getting a Hard Money Loan and then splitting up the acres and selling them off to cover the land, that way you get it for free