BillyLand

Tractorman · #21 07/13/04, 01:24 PM

It says 12% simple interest correct me if I'm wrong but I thought simple interest was 12% one time and not compounded every year if this is true the interest would be very very cheap.

DAVID In Wisconsin · #22 07/13/04, 02:20 PM

Tractorman,
Simple interest would be 12% interest on the unpaid balance per year.

#23 07/13/04, 02:30 PM

I researched various real estate opportunities from northeastern Oklahoma through southern Missouri and western Arkansas. Those wishing to homestead would be far better getting a place with live water and decent soil. Drilling a well in that part of the country will likely cost you at least $10 -$15/foot, as you get into rock immediately and they have to use expensive bits. Hopefully you can find a shallow table, as I had to go 355ft.

The soil in that part of the country is extremely rocky and unsuitable for any agriculture unless amended. You can buy good bottomland soil in western Arkansas for $1,000 - $1,500/acre in smaller parcels near or with live water.

Good Luck!

**Terri** · #24 07/13/04, 02:43 PM

Quote:

Originally Posted by Unregistered

I researched various real estate opportunities from northeastern Oklahoma through southern Missouri and western Arkansas. Those wishing to homestead would be far better getting a place with live water and decent soil. Drilling a well in that part of the country will likely cost you at least $10 -$15/foot, as you get into rock immediately and they have to use expensive bits. Hopefully you can find a shallow table, as I had to go 355ft.

The soil in that part of the country is extremely rocky and unsuitable for any agriculture unless amended. You can buy good bottomland soil in western Arkansas for $1,000 - $1,500/acre in smaller parcels near or with live water.

Good Luck!

There is a LOT of agriculture in the Missouri Ozarks. The soil is not as good as in the Midwest, but the natives seem to think that it can do the job.

There is also a reasonable amount of ponds and creeks.

It just all depends on the land that he has bought. It might be good, it might not be. The wells might be deep, or they may not be.

There is no way to know until he actually sees it. And, I ALSO hope that he has a fairly shallow water table, because $15 a foot for a well is the going price out here, too.

Snowdancer · #25 07/13/04, 03:26 PM

I think if this fellow is upright and from the feedback on Ebay it seems he is; this may be a good deal.
Now the prices are higher than bank financed places & so is the interest but if you are young, have had credit troubles(even if they're now cleared up) or don't have provable income(some self employed have this problem) then how else do you get started? If regular banks & credit unions only look at the 'big picture on a credit report lisitng mistakes up to 10yrs old' and turn you down it's either spend another 5-10 yrs paying rent(with nothing to show at the end) or pay a little extra in interest but at the end of 5-10 yrs you could own your property outright.

It's not for everyone true, but for a certain segment it may just be the starting point to a homestead.
Just my humble opinion.

Good luck to those who are using this or any other company financed land company-you are at least making headway on reaching your dreams.

Blessings,
Kathy

countrygrrrl · #26 07/13/04, 03:49 PM

What Terri said.

But it all depends on what part of the Ozarks you're in --- and bear in mind, not ALL of Missouri (or Arkansas or even Oklahoma) is the Ozarks.

It's very rocky where I am, but everyone around here (except me with my little 10x10 patch

) grows huge gardens. The climate is perfect for it -- hot and humid. It's VERY lush here. We don't grow wheat

, but we grow just about everything else. Berry and peach *farms* are very common in this area, as are huge gardens with corn, tomatoes, etc.

My dad's side of the family had a berry farm in SW Missouri for a long time. They made out alright.

And where I am, the water table is very high. Not to mention, most properties in this area already have wells on them --- I have two already --- so the need to drill one is going to depend on exactly where you go. Just make sure, if there's a well already, it isn't sulfur water!!

Quote:

Originally Posted by Terri

There is a LOT of agriculture in the Missouri Ozarks. The soil is not as good as in the Midwest, but the natives seem to think that it can do the job.

There is also a reasonable amount of ponds and creeks.

It just all depends on the land that he has bought. It might be good, it might not be. The wells might be deep, or they may not be.

There is no way to know until he actually sees it. And, I ALSO hope that he has a fairly shallow water table, because $15 a foot for a well is the going price out here, too.

madmarchie · #27 07/13/04, 06:09 PM

Thanks for the input everyone! I've made a more informed decision thanks to your help!

- Ginger

MommaAAAA · #28 11/06/14, 02:28 PM

Hi there, I was wondering if you could tell me a little more about how you bought the land on eBay. We are looking to do something similar, but don't want to fall prey to a scam...how has everything worked out for you? Before you purchased it, did you check
Local zoning laws and such? How did you know you would have access to water (drinkable)? Sorry about all the questions, but it sounds like you made it happen!

Thank you,
Sarah

PNP Katahdins · #29 11/06/14, 02:42 PM

Old thread alert! I thought the OP was from 2014 and instead it is dated 2004.

Peg

FarmboyBill · #30 11/06/14, 03:35 PM

(ALOT of people like Neil Shelton) WELL< Im sure NOT one of them. Ive been in LIWs house in Mansfield. First house around with running water in the house.

Did anybody know that Pa Ingalls got ran out of Independence Kans by the army cause of Indians?
Or that he was in a posse that went to the Bender farm and dug up bodies of travelers the Benders had waylaid, and that they did the same to them?

FarmboyBill · #31 11/06/14, 03:36 PM

OOOOOOOOOOOOOOOOOOOOOld Thread

arabian knight · #32 11/06/14, 03:52 PM

Ya a nice 10 Year Old Thread once more popped up. Way outdated and the info from post number 1 through 27 are 10 years old~!

jassytoo · #33 11/06/14, 04:58 PM

Pity madmarchie isn't on here now. I'd love to know how it worked out.

mnn2501 · #34 11/07/14, 09:26 AM

While its no doubt real, unless you've done your homework first you may find you've bought unusable land.

From the website:

Quote:

Be certain that this land is suitable for your needs before you place your bid.

It is your responsibility to determine if this
property is suitable for your specific needs!

Be certain that you have no unanswered questions before you place your bid.

The winning bidder will be contacted immediately after the end of the Auction.

The winning bidder must contact me at

within 24 hours after the end of the Auction.

A 'Documents Processing Fee' of $249.00 will apply to each auction,
and covers the cost of document preparation and FedEx Mailings.
This fee is due no later than 10 business days after the auction closes.

Please, do not bid if you find any aspect of these terms to be disagreeable.

bertneru · #35 11/07/14, 12:43 PM

For land I would strongly recommend Zach Johnson from www.instantacres.com. If you can’t go on location, he also has a video of each property he sells. He is by far the best, honest and down to earth. He lives there, has an office in Springfield and he can meet you when you go down to visit your property. He buys raw land and has his own crew and equipment to put in roads, fences, electricity etc. He sometimes (very seldom) lists properties on EBay, but for the most part he sells on his internet site, email or word of mouth. Best of all, after six months you get a deed and a mortgage you pay directly to him. Paperwork gets filed with the county, so everything is legit. I bought many properties from him, never had a problem. I am actually getting ready to build my homestead this spring.
He does not sell junk land, unless he specifically states so in his listing. I personally would not buy from anyone else (not to say others are not good)!
He updates his listings every few days, but best is to call him and tell him what your looking for…he will be able to tell you what he has coming down the pipeline. He can even do improvements on any property you choose. If you call him, tell him Albert from California said hello J

big rockpile · #36 11/08/14, 07:51 PM

Quote:

Originally Posted by AngieM2

This land looks and sounds like some land originally purchased from www.ozarkland.com (neil shelton). If you can find Fiolomark, online here. He has 12 acres he bought in that part of the country.

Also, I've looked at land there about 2 years ago and there are some houses on the land, there is water, but you would have to dig a well, and the roads in the "subdivision" is just gravel.

The only reason I did not go for the land, is I still work here and have family that I want to stay close to, and this land is 6 hours away.

I did see the house in Mansfield where Laura Ingells Wilder wrote the Little House books, it's very nice.

Check out the ozarkland site, I think you'd be better off.

Also if you mention this down in Country Families, you will fine Mark and one or two others that have bought from Ozarkland.

AngieM2

Marks property is way NE of where this property is.

It is not a scam, the property is there. It is high because Owner Finance. Lots of these people count on people paying couple years then letting the Land go back to them. Most properties are isolated and raw Land. Might have problems getting in and out, getting Building materials in or just getting the road repaired. Most time not a county road. Oh if it is Owner Finance you can not borrow against it.

We bought 20 acres through ozarkland.com, Neil is a member of this Forum. His land was Over Priced before but last few years it has been worse. But we did buy 20 acres through him and like it very much stayed there for 17 years. Only reason we liked it because it wasn't the norm to live where we was.

big rockpile

big rockpile · #37 11/08/14, 07:54 PM

Quote:

Originally Posted by bertneru

For land I would strongly recommend Zach Johnson from www.instantacres.com. If you can’t go on location, he also has a video of each property he sells. He is by far the best, honest and down to earth. He lives there, has an office in Springfield and he can meet you when you go down to visit your property. He buys raw land and has his own crew and equipment to put in roads, fences, electricity etc. He sometimes (very seldom) lists properties on EBay, but for the most part he sells on his internet site, email or word of mouth. Best of all, after six months you get a deed and a mortgage you pay directly to him. Paperwork gets filed with the county, so everything is legit. I bought many properties from him, never had a problem. I am actually getting ready to build my homestead this spring.
He does not sell junk land, unless he specifically states so in his listing. I personally would not buy from anyone else (not to say others are not good)!
He updates his listings every few days, but best is to call him and tell him what your looking for…he will be able to tell you what he has coming down the pipeline. He can even do improvements on any property you choose. If you call him, tell him Albert from California said hello J

Are you in California,MO. ?

big rockpile

bertneru · #38 11/09/14, 09:44 AM

Quote:

Originally Posted by big rockpile

Are you in California,MO. ?

big rockpile

I'm in both, but springtime will be permanently in MO. I already started packing...done with Cali...moving to Howell County...thank God!

AmericanStand · #39 11/09/14, 10:03 AM

OPPS Interesting that after all these years the same outfit has what looks like the same property for sale !
After looking at it I have to wonder why there are not other homes there?

FarmboyBill · #40 11/09/14, 01:22 PM

I lived in Howell Co. IF I left anything there, U can have it lol.