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re: Land financing question
Posted on 10/15/20 at 9:54 am to lsufan1971
Posted on 10/15/20 at 9:54 am to lsufan1971
I would go with LA Landbank. I had a friend who recently did a purchase with MS Landbank and said it was an easy process with friendly terms. I want to say he had to put 20% down but they offered a 20-year amortization.
Put said land and loan in an LLC so you can deduct the interest for tax purposes.
Put said land and loan in an LLC so you can deduct the interest for tax purposes.
1
Posted on 10/16/20 at 6:08 am to Nannyslayer
LLC is Limited Liability Corporation. Protects you as individual.
Interest is deductible even without it.
Interest is deductible even without it.
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