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Sw mn | $1.2 million at 3% for 20 years is $80,000. Subtract $22,500 for rent. Can you come up with an extra $67,500 every year?
If you can come up with an extra $67,500 every year just save it for 6 years and you will have an extra $400,000 down on a land note. It will make the payment way more affordable.
Personally I wouldn’t be interested in that big of check.
High priced land sales are being driven by farmers putting down large down payments or paying cash.
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Young Farmer Land purchase questions
