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Land Purchase

Posted on 1/22/14 at 3:44 pm
Posted by tigerrocket
Member since Aug 2008
162 posts
Posted on 1/22/14 at 3:44 pm
Considering buying 100 Acres with a house and several other structures on the property. I'm pretty sure the big banks won't touch this. It will not be a primary residence. Any suggestions for financing options?
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51611 posts
Posted on 1/22/14 at 3:51 pm to
I know a guy named Heisenberg that can help you with your financing ;)
Posted by fishfighter
RIP
Member since Apr 2008
40026 posts
Posted on 1/22/14 at 5:43 pm to
Look to local smaller banks. Big banks will go if you have 20% to put down.
Posted by pdubya76
Sw Ms
Member since Mar 2012
5978 posts
Posted on 1/22/14 at 7:59 pm to
What about something like La Land Bank or First South Farm Credit.It sounds like thats what you might be after. First South Farm Credit
Posted by tigerrocket
Member since Aug 2008
162 posts
Posted on 1/23/14 at 4:03 pm to
Thanks. Property is in MS, so I think I have to use a MS Farm Bank. The big banks that I spoke with don't want to touch this without 35% or more down.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/23/14 at 4:13 pm to
quote:

First South Farm Credit.
Posted by nelatf
NELA
Member since Jan 2011
2296 posts
Posted on 1/23/14 at 8:10 pm to
These guys love land loans



This post was edited on 1/23/14 at 8:21 pm
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