Buying land? Here’s ideas on how you can finance your purchase

[@jenniferfox8382]

I'm currently looking at loans and this is wrong. Mostbanks are hovering around 6-8% while owner financed loans have been 8%-12 consistently hovering at 9%. Construction loans won't pay for land. Ag loans are only for people who currently farm and show income farming. Rural development loans max out at 1 acre. You're welcome.

[@matthewmasters243]

Loan interest rates change over time. The fed just started lowering the federal funds rate so mortgage interest will start to lower too

[@willhartman300]

I think seller financing is really the way for most people. You can get into a piece of land for nothing or near nothing. But you'll have to do compile a list of properties you'd probably accept, and ask the owner.

[@renegadenightowlshomestead]

We also did owner financing! But we are just getting started on the land!

[@joeharwell54]

Good info

[@OneFootOfftheGrid]

Thanks

[@lindav873]

If you purchase land financed by owner be sure and get it register at court house.

[@eastcoastnews9529]

I’m in my 50’s with some health issues but I’m looking to go do the offgrade living if you have any suggestions or places, let me know. I’m in Central Florida now. I don’t want to go to the cold but willing to go up as far as maybe Florida.

[@honeybadger8942]

Eat raw.

[@Shelleys4Seasons]

The owner finance we looked at they want 2% more than the bank wants ugh

[@quality.tr6sh]

What kind of cabin kit home is that?

[@INFJ8]

How did you find owner financing land?

[@LivieJayCooks99]

There are websites that offer this. I learned about it on other social media platforms. One is called landishome I haven’t used it but I’ve heard about it and I was told to check with an attorney if it seems like it is not legit

[@ChocolateMilkyYummy]

what zoning should I look for

[@lunariadynasty3065]

To get the best of all the world has to offer, look for Agricultural, Rural, and Residential combined zoning. If you are looking to homestead, I would surely look for that before I even concentrated on the price.

[@sfstucco]

@@lunariadynasty3065- Thanks for that tip. 👍

[@josefreck1103]

👍😊👋

[@amt7877]

What is a heloc loan

[@OneFootOfftheGrid]

It is a "Home Equity Line of Credit". If you own a home, and it is now worth more than your mortgage, it is a way for you to access that equity without having to refinance. Simply put, it's a big giant credit card secured by your house.

[@DonteeWeaver]

👀

[@V_King635]

The thing I don’t get is you are off the grid right 🤔but you are buying land for what

[@Mr.Pxndor]

I need numbers

[@OneFootOfftheGrid]

I’m have other shorts with numbers.

[@mattwernecke2342]

No thanks

[@Tomwheat1289-uj8gc]

You're insane for getting into debt

[@albarr4760]

Hi again , I was fortunate, but hard working, I saved and saved I bought my first property cash, did it up sold and bought another so on and so forth, never had a mortgage , had a massive family home, and properties to rent, having said this I enjoyed life maybe to much. And ended up retired due to ill health, when my wife died of cancer 14 years ago I sold everything ihad and purchased a small flat. Enough for my needs and , I don't have children. So I do what I like when I like, love new cars lol, still love watching you both , tale care friends , I'm 78 now , Al,

[@Americansikkunt]

Debt isn’t always bad.

[@Andrew-pv8oz]

Insane? That’s how most wealth is built. It’s called risk management. Yeah it’s risky to invest and have debt… obviously. Insane just means you don’t understand the numbers

[@WaterPickle]

Your eyes scare me plz squint more 😭

[@dickfitswell3437]

Tell us how you did it by not telling us how you did it.