20 Miles West of Indianapolis Indiana | Heres my scenario... I'm 26, getting married next year. Neighbor has offered to sell me her house and just a few acres (7.5). beautiful house. Fieonce likes, and i like too. bigger than what we need, but thinking that wouldn't be bad if we had kids or just wanted a room of our own such as office for me and work out room for her. farm has a nice 50x70x14 pole barn and a 2 car attached garage and a 2 car detached garage.
Have a good full time job, and farm 250 acres. but will likely be down to 100 in two years. (long story, but only counting on 100).
I am 100% debt free and live in a cheap rental house. could live there forever, but she doesn't want to live there longer than 5 years after were married. Would love to buy 40-80 acres and build a small house thats easy to add on to, but think this is a bad time to buy land personally... am i wrong?
What would you suggest? Buying this house is affordable, but will pretty much take me out of the land market for at least 10+ years.
Uncle farms 600 acres and may retire in 10 years at the earliest and Dad farms 900 but won't retire for 20+ years. The plan is to hopefully pick up a few hundred acres by the time my uncle retires and farm full time when he does... |