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| The Young Farmer program that Silver 97 id worth looking into for you. It only works on the first RE purchase which sucks because even a purchase like yours needs a smaller piece to trade up to. What sucks with your deal it will be tough to cash flow even if the payments are down to $50,000/ year. One good thing about the program is the work on your degree takes down the number of Schedule Fs required. You haven 't said much about your equity situation but I am guessing you don't have much ability to subsidize a big RE payment. You need to get an off farm income to make payments on a payments on a place like that. I would not be posting possible purchases on Agtalk until after they are done. Just the fact that you are thinking about and looking at RE at the age of 19 can give you an advantage over guys your age that are probably more interested in wheels and women. Another advantage you have is that some sellers like to sell to small operators. I am old and not particularly congenial but in several of the deals that I made to put together what I have the seller specially ruled out selling to bigger operators. I would avoid RE brokers and Auctions. Good luck you are headed in the right direction. | |
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Looking For Advice on a Farm
