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| +1 Get it moving, the quicker the better. Fiscal year also restarts in October and only limited $$$$$ available. Have to get on the list
Buyer beware of the FSA loans, you can get 1.5% but it comes with some twists. Only covers 45% of the loan, have to put at least 5% down, can only get traditional financing for the rest. It's also only a 20 year term. So you have to pay back 5% of the principal yearly, as opposed to 4% if paid over 25 years (if you pay 10k, that's an extra $100 per acre per year from your cashflow).
Good luck! | |
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