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Topic: Re: crash course on land buying (long post)
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| John T
12-12-2012 06:20:58
216.249.82.117
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Starting in the early seventies I bought, divided and sold several farms (made money when they sold NOT so much when farming them lol) and over the years was a farmer, truck n tractor dealer, engineer and real estate broker, now semi retired attorney, so heres my best advice based on my experience over the years: Get a good job
Save money and a hefty down payment
Build up a good credit score
Develop a business plan and do your homework
ONLY THEN do I imagine you could get a loan Buy land that has a lotttttttttttt of road frontage and has subdivision potential Buy land that has some marketable timber Explore owner financed land sales TALK TO LOCAL EXPERIENCED REAL ESTATE BROKERS, LAND SURVEYORS, AND ATTORNEYS FOR ADVICE and put more weight on those "local" experienced professionals then someone miles away. Its a great goal you have in mind (it served me well) GO FOR IT IS MY OTHER ADVICE John T
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