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Amherst WI | I think that is a really cool property and good place to get started, that said unless you have some sort of wealth you're not telling anyone about I don't think you could even get a loan for it.
I basing a lot of this on assumptions here so bear with me but at 19 you probably aren't making $120K+ per year to make those payments while you are going to school. Even if you were out of school that would be pushing it for a young agronomist. Two cows in the woods and 100 acres of tillable rental land won't hardly generate enough income to just pay the taxes for something like this let alone the interest.
It gets easier as you get older. At this stage of the game if you started from nothing you probably don't even have a good set of wood blocks or a torch to work on machinery, I get it I was there too at your age. The multi generation guys complain where grandpa or dad put a building or bins and the first generation guy just would like a bin or buildings!
I also agree with what Excaliber said, you need to own a "home base" as soon as possible. Renting one sucks, especially if the LL doesn't want to put any money or effort into it. Then you are and that could be going towards making something you own nice, not someone else's place. BTDT
Get out of school, get a good agronomy job, sock away the cash and live cheap and then you'll have a down payment when the right one comes along. Good luck | |
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Looking For Advice on a Farm
