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re: Just pulled the trigger on 260 acres

Posted on 12/19/13 at 10:51 am to
Posted by Itismemc
LA
Member since Nov 2008
4718 posts
Posted on 12/19/13 at 10:51 am to
i expect to get around a point back every year in dividends through Alabama AG credit

These were the options on the table for a 20 year
3.75% variable rate

5.75% 10 year fixed

6.25% 20 year fixed
This post was edited on 12/19/13 at 10:53 am
Posted by TigerDeacon
West Monroe, LA
Member since Sep 2003
29299 posts
Posted on 12/19/13 at 10:54 am to
quote:

i expect to get around a point back every year in dividends through Alabama AG credit


I understand that. Those rates are higher than I have seen with similar loans.
Posted by Itismemc
LA
Member since Nov 2008
4718 posts
Posted on 12/19/13 at 10:57 am to
How much higher?
Posted by Rod Farva
Spurbury, Vermont
Member since Sep 2012
1136 posts
Posted on 12/19/13 at 10:59 am to
About 1.25-50% from what I've seen.
Posted by Stexas
SWLA
Member since May 2013
6000 posts
Posted on 12/19/13 at 11:35 am to
quote:

Sure wish I wouldn't have clicked on that

X2
now I'm sure to see Google ads for fudge packeries and Durex
Posted by Pepperidge
Slidell
Member since Apr 2011
4313 posts
Posted on 12/19/13 at 1:49 pm to
quote:


Damn, what county? Ive been talking to ALlandCo. and thats expensive.


If I were to buy in Bama it would be in Dallas county...aka the black belt
Posted by LSUTiger205
Ocean Springs, MS
Member since Aug 2006
10820 posts
Posted on 12/19/13 at 2:06 pm to
quote:

If I were to buy in Bama it would be in Dallas county...aka the black belt


There are several counties that I am considering. Bibb, Chilton, Elmore, Autauga, Morgan, Shelby (where I live), and Tuscaloosa.
Posted by Itismemc
LA
Member since Nov 2008
4718 posts
Posted on 12/19/13 at 2:20 pm to
I think id be happy anywhere between Greene and Selma.
Posted by TigerDeacon
West Monroe, LA
Member since Sep 2003
29299 posts
Posted on 12/19/13 at 4:14 pm to
quote:

About 1.25-50% from what I've seen.


Probably this. Maybe just 1% high.
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