Posted by Chris on September 04, 2006 at 22:08:43:
I would offer both, a substantial down payment and a first Deed of Trust to the seller (a note).
Financing Raw Land - Posted by Tom Chenoweth
Posted by Tom Chenoweth on September 04, 2006 at 11:23:18:
Any ideas on how to finance Raw land without paying all cash?
Re: Financing Raw Land - Posted by thutch fl
Posted by thutch fl on September 19, 2006 at 16:50:28:
If you are buying it at a discount it is pretty simple. I did it twice this year. I just created the note and sold it at the table.
Lets say you bought a 100k property for 65k. You could create a note worth 70k at a 8% interest then sell the not for 65K which will yield higher. It may take you a while to find a buyer of the note, but maybe not.
Re: Financing Raw Land - Posted by zach
Posted by zach on September 05, 2006 at 20:18:50:
How much is the land and what state is thin in? Is this zoned residential or commercial?
Re: Financing Raw Land - Posted by Michael Dolan
Posted by Michael Dolan on September 05, 2006 at 11:51:04:
Before approaching a financing source, plan and write out your re-payment plan based on market research. Until then, you have no realistic chances of getting a loan