- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Land purchase options
Posted on 7/5/24 at 10:26 am
Posted on 7/5/24 at 10:26 am
Potentially looking at buying a few acres of land near my current home. Long term plan is to just hold onto it and gift it to the kids down the road or possibly even build a new home on it in years to come. What would be the best option to purchase? Land loan? I know interest rates are super inflated right now. Although I normally wouldn't even entertain the thought of pulling money out of my retirement, would that be a better option right now?
2
Posted on 7/5/24 at 2:37 pm to RedBeardBaw
Depends on the number of acres but general guidelines:
Get the land surveyed
Have an environmental governmental report at a minimum - ask appraiser about phase 1
Know the ingress and egress
Understand utility right of ways
Know about mineral royalties ownership
Have an attorney that represents YOU - not the seller’s attorney and not the bank’s attorney
Have that attorney’s office check title
Research and know your future neighbors
Understand zoning or lack of zoning - sucks when someone throws up a LIHTC next to you
Financing - depends on where land is located go with the smallest local bank
Rates are going to suck right now.
Get the land surveyed
Have an environmental governmental report at a minimum - ask appraiser about phase 1
Know the ingress and egress
Understand utility right of ways
Know about mineral royalties ownership
Have an attorney that represents YOU - not the seller’s attorney and not the bank’s attorney
Have that attorney’s office check title
Research and know your future neighbors
Understand zoning or lack of zoning - sucks when someone throws up a LIHTC next to you
Financing - depends on where land is located go with the smallest local bank
Rates are going to suck right now.
Posted on 7/5/24 at 2:39 pm to RedBeardBaw
Depends on acres but you may want to look at a credit union or farm credit instead of a regular bank.
Posted on 7/5/24 at 4:30 pm to KillTheGophers
My plan is to go as far away as possible from any Democrat run entity.
Posted on 7/5/24 at 6:25 pm to mikeytig
quote:Get a Time Machine if you’re less than 50 and go back to 1980 or so.
My plan is to go as far away as possible from any Democrat run entity.
By 2045, they’ll be more people in the wagon than are pulling the wagon everywhere in the US.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News