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Tractor Talk Discussion Forum

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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