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Buying property in Louisiana
Posted on 9/15/14 at 7:37 am
Posted on 9/15/14 at 7:37 am
I'm looking to buy a couple of acres in Covington to build a small house on and raise a few cows.
I have no clue who to talk to about borrowing money for undeveloped property. I'm not sure I can even do it. Do regular realtors deal in undeveloped/agricultural land? Is there some state department I should call? How do I get the ball rolling to see what's available and what my money options are?
I have no clue who to talk to about borrowing money for undeveloped property. I'm not sure I can even do it. Do regular realtors deal in undeveloped/agricultural land? Is there some state department I should call? How do I get the ball rolling to see what's available and what my money options are?
3
Posted on 9/15/14 at 8:04 am to DownshiftAndFloorIt
What you going to do with those cows bro?
Posted on 9/15/14 at 8:41 am to DownshiftAndFloorIt
On a serious note, I am sure there are at least a few agents who specialize more in land and there are banks that lend money for that too.
Check around at the smaller banks.
Check around at the smaller banks.
Posted on 9/15/14 at 9:14 am to DownshiftAndFloorIt
credit unions and guaranty bank do raw land loans. whitney also does them. the rates are normally over 6% for 10-15 yrs on raw land. if you want to build a house on it that shouldnt be a problem unless you are looking at more that 20 acres.
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