mrhobbz Posted June 16, 2017 Report Share Posted June 16, 2017 Who where knows anything about financing raw land? I'm currently looking at a 60 acre plot in Jackson OH and a 40 acre plot in Waverly. My intention is to finance, pay it off in the next 2-3 years and then build a house on it later down the road and I'd prefer to do so without liquidating other assets. Quote Link to comment Share on other sites More sharing options...
coltboostin Posted June 16, 2017 Report Share Posted June 16, 2017 What would be the contract amount? (yes, it does matter) Quote Link to comment Share on other sites More sharing options...
mrhobbz Posted June 16, 2017 Author Report Share Posted June 16, 2017 What would be the contract amount? (yes, it does matter) The lot in Jackson is 68k the one in Waverly will likely be $100-120k. I am looking at going in half with a friend of mine so we would likely try to get the owner to split it into two plots (or however that works) Quote Link to comment Share on other sites More sharing options...
mmrmnhrm Posted June 16, 2017 Report Share Posted June 16, 2017 I'd swear zere's zis guy dat everyone talkz about when asking for monies.... if only dere was a search tool... Quote Link to comment Share on other sites More sharing options...
LPFSTheFett Posted June 17, 2017 Report Share Posted June 17, 2017 I've heard 20-40% as the required down payment. Quote Link to comment Share on other sites More sharing options...
mrhobbz Posted June 17, 2017 Author Report Share Posted June 17, 2017 I'd swear zere's zis guy dat everyone talkz about when asking for monies.... if only dere was a search tool... Thanks for the incredibly useful information mister bong water Quote Link to comment Share on other sites More sharing options...
Gergwheel1647545492 Posted June 19, 2017 Report Share Posted June 19, 2017 http://www.columbusracing.com/forums/member.php?u=301 This guy has your answers. Pretty sure if you search for 'mortgage' he will be in every thread listed. Quote Link to comment Share on other sites More sharing options...
mmrmnhrm Posted June 19, 2017 Report Share Posted June 19, 2017 Thanks for the incredibly useful information mister bong water You've been around long enough to have deserved said "useful information." Quote Link to comment Share on other sites More sharing options...
AngryBMW Posted June 19, 2017 Report Share Posted June 19, 2017 Who where knows anything about financing raw land? I'm currently looking at a 60 acre plot in Jackson OH and a 40 acre plot in Waverly. My intention is to finance, pay it off in the next 2-3 years and then build a house on it later down the road and I'd prefer to do so without liquidating other assets. I got you covered I can do the lot loan and your build whenever you're ready. Shoot me a call at 614-339-1206 or email at mstock@usavingsbank.com. Local bank...privately owned...we hold all of our conventional paper so you always make your payment to us. I'd be more than happy bid against anyone and always suggest price shopping...this is a lot of money...a lot of YOUR money and I always want people to get the best deal possible. 99.9% of the time I just so happen to have the best option -Marc Quote Link to comment Share on other sites More sharing options...
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