How To Buy Land With No Money Down
This is Huntin’ Land, the podcast for landowners and land hunters. If you like to stay up to date on hunting tactics, land management, land values, and land market dynamics, this is the podcast for you. On this episode, Joe and Butch discuss creative strategies for how to buy land with no money down with Brandon Simpson of First South Farm Credit. Brandon shares his insights on how to purchase land without breaking the bank. He discusses the possibilities of using gift money, a mortgage cosigner, and land as collateral for a loan. He also touches on Home Equity Lines of Credit and Land Equity Lines of Credit and the potential of consolidating mortgages and liquidating an IRA for a down payment. Finally, Brandon provides insight on ways to collateralize a retirement account for a down payment without liquidating it. With these great strategies, you can find yourself on your way to owning your own piece of land in no time. Do not miss this conversation to gain valuable knowledge on buying land with zero money down.
As a landowner, it is important to know what your land is worth. You may find yourself asking the questions like, “how much is my land worth today,” “how much is my land worth per acre,” “how much is timberland worth,” “what is my farmland worth,” “how much is agricultural land worth,” and other such questions. Many factors go in to determining the value of land and seeking out the wisdom of experts is a great place to find the answers to your questions.
Each week, on the Huntin’ Land Podcast, we will bring in various experts to help provide answers to the important questions landowners have.
How to Buy Land With No Money Down
Can you Use Gift Money for Down Payment?
- Who can gift it to you?
- Are there any stipulations?
Can You Use A Mortgage Cosigner?
- Who can co-sign with you?
- Can a married couple use a third person as co-signer?
- Could a couple bring a co-signer in for the down payment while they made the payments?
Can you Use Land as Collateral for Loan?
- Does the land have to be paid off?
Can you consolidate Mortgages?
- How much equity would you need to have to make this work?
Can you Get a Loan for a Down Payment? If so, what methods can we use?
- Home Equity Line of Credit
- Land Equity Line of Credit
Can you Liquidate an IRA for a Down Payment?
- Is there a way to collateralize a retirement account for a down payment without liquidating it?
This week’s show has been brought to you by Joe Baya and Clint Flowers, members of the top producing team at National Land Realty, the fastest growing and most innovative land brokerage in the nation. With hunting season right around the corner and interest rates at historic lows, now is a great time to be buying or selling land. If you want to learn more, shoot us an email at pros@landhuntin.com or call us at 855-NLR-LAND.
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Tune in each week as we bring in various experts to help provide answers to important land owner questions like, “how much is my land worth today,” “how much is my land worth per acre,” “how much is timberland worth,” “what is my farmland market worth,” “how much is agricultural land worth,” and other such questions. Many factors go in to determining the value of land and seeking out the wisdom of experts is a great place to find the answers to your questions.
