Posted by Eldon (WA) on March 23, 2014 at 10:59:42 from (98.225.11.231):
In Reply to: More on Cash Rents posted by David G on March 23, 2014 at 10:43:17:
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You got that right...when he started out I sold him 40 acres with a 10 yr old 3000 sq ft house, 100' loafing barn W/ milking parlor and 80' silo/unloader for $50k on contract. My sister later sold him acreage on contract w/ no interest. Other siblings were critical of me for charging interest....
He has worked hard to build a multi-million dollar operation starting from scratch, so I have to give him credit.
My wife and I live a comfortable life, we have no kids, so that is one of the reasons I have been content with the situation. Part of our estate will probably go to his kids anyway. I suppose it would be different if we were struggling and really needed the $$$
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