Hennepin, IL | berggrenfarms - 10/16/2018 10:17
Basically charging myself the rent would cover the loan payments.
I'm not saying you shouldn't put a sharp pencil to it to be sure you aren't missing a few details, but otherwise this statement is all I'd really need to know. If you're eligible for a first time farm ownership loan through the FSA, that's just icing on the cake. Like another poster said, get a purchase agreement ironed out and signed while you can. If it ends up not being as sweet of a deal as you originally thought, you should be able to back out without losing anything but maybe some earnest money, worst case scenario. |
Possible land purchase
