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Old 11-21-2006, 07:26 AM
  #2  
Parrot Head
Typical Buck
 
Join Date: Feb 2003
Location: Seymour IN
Posts: 597
Default RE: borrowing money to buy land

From what I know it is hard to get money just for land. I teach school and in the summers my buddy and I buy and sell house and really through the year. We started when we were 23 bought some on contract and it was tough at first real tough making the payments. But by the time I was 26 we were paying cash for houses. My buddy bought his house for cash and I bought mine with cash and I have never had a car payment. We just bought some more hunting land for cash. Now we have bought and sold over 50 houses in that time though. I will never buy anything I can not pay cash for, interest drives me nuts, I am to much of a tight bass. I am currently 36. If I were you I would try to find a place to by on contract first. Second try to find a place that might also have a source of income cash rent, CRP, etc. Or see if you can put it in a program. Just my two cents I am sure others will disagree.
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