|
East central nebraska | Say they havent saved a penny the last 5 yrs, the absolute best time in my lifetime. So they mortgage up two farms to buy one farm and they put no money down. They borrow 1,600,000. dollars. Over a fifteen year period they will have a 1,000 dollar per acre payment or 160,000 dollars annually for fifteen yrs. So what you are saying is that they can make this work with 3 dollar corn but the last five yrs they couldnt make 800,000. dollars to put down. Also, if they had two free farms to mortgage to buy this one then where did that money go the last five yrs? Let me guess, new house, new cars, trips and maybe even a plane. | |
|
Southern Illinois Landsale
