| Bashore11 - 2/14/2019 17:33
I have a brand new 2400 head hog finisher on my dads property and I’m building 2 40,000 chicken egg barns as we speak beside hog barn. In Pennsylvania. We didn’t have any problems or hurdles to jump through. My bank just required him to sign on loan as co signer and contract saying if he ever sold out or anything that my barn is my barn and not his to do anything with. Simple as that and very easy process. I pay taxes for the barn but he pays for the land like it would be bare. Any extra I pay. Bank/county didn’t even question anything. They said it’s done a lot. If you have anymore questions email me. what do you think the purpose of cosigner is? They pay if you dont. OP don't do it if you don't want to bail out your son. At least get legal advice if you go ahead. Sounds like a typical deal, son has no money, wants dad to provide financing. |
Son wants to put up a finisher
