Hank's right. I recently sold 17 acres with well, bordered on two sides by the national forest. Nice piece of property.
I took a deed of trust with 25% down at 8% interest.
If anyone tells you to buy with a land contact, and many do, understand exactly what it is. It really benefits the seller and not the buyer.
If you have crappy credit, why would anyone want to sell you something long term? You are judged on past behavior. Even if it's not your fault - like medical bills. Sellers are pretty sophisticated these days, and it's not hard to run a credit report.
I took a deed of trust with 25% down at 8% interest.
If anyone tells you to buy with a land contact, and many do, understand exactly what it is. It really benefits the seller and not the buyer.
If you have crappy credit, why would anyone want to sell you something long term? You are judged on past behavior. Even if it's not your fault - like medical bills. Sellers are pretty sophisticated these days, and it's not hard to run a credit report.
