Posted by kyhayman on September 04, 2010 at 23:21:16 from (99.197.64.56):
In Reply to: Land Values posted by M Nut on September 04, 2010 at 19:14:13:
I'm with F.B. on this, if you dont need it and it wont cash flow then its no bargain at any price. If you want to risk borrowing money on a tangible investment then you cant beat doing it now. Interest rates are low and land is one of the few investments holding its own. Plus, it has income potential. I dont know what 10 acres of crop land and 10 acres of pasture in your neck of the woods rents for or what the mobile home would bring in as rent but here either one would bring in more than enough to make the farm payment. Was it me, I'd check with the bank, then offer him 60 and not leave until it was mine, even if I had to pay the full 80
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Today's Featured Article - Dad's Old Silver King and Joe Capalco - by Woody E. Diehl. My father, Charles Diehl, grew up in the Elsworth, Ohio area during the Depression on a small working farm. I never saw the place, nor was I around during his early years. What I know about those hard times comes from listening to Dad and his old pals reminisce from time to time. One of the old timers that would sit with Dad and chew the fat about the 'good ole days' was Joe Capalco. Joe wasn't like most of my Dad's friends. He rarely worked that we knew of. Always had plenty of time
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