Buying Land Options
09-18-2007, 07:55 AM
#1
Giant Nontypical
Thread Starter
Join Date: Feb 2003
Location: North Lima Ohio & Clarion Pa
Posts: 6,453
Buying Land Options
I know this was asked back in the summer. But I want to revisit it.
For those of youwho have bought land for strictly hunting. What is the best option for financing. What type of insurance do you have to carry.
I'm "looking" at a 29 acre parcel of vacant land..(has a garage as the only building on the property) 2 ponds. The price is more than fair and it borders some wonderful public property.
However as you working guys know, with 3 kids, a new house, cars, etc..extra money isn't just laying around waiting to be spent. I'm just wondering if there are options I'm not thinking of. Any info would be helpful...Thanks
For those of youwho have bought land for strictly hunting. What is the best option for financing. What type of insurance do you have to carry.
I'm "looking" at a 29 acre parcel of vacant land..(has a garage as the only building on the property) 2 ponds. The price is more than fair and it borders some wonderful public property.
However as you working guys know, with 3 kids, a new house, cars, etc..extra money isn't just laying around waiting to be spent. I'm just wondering if there are options I'm not thinking of. Any info would be helpful...Thanks
09-18-2007, 08:02 AM
#3
Giant Nontypical
Join Date: Jan 2005
Location: PA
Posts: 8,167
RE: Buying Land Options
A home equity loan will work sometimes. Here in PA vacant land is not easy. Thirty to thirty five percent down and the rest in 5 years.
Got any timber? Firewood? oil or gas leases? Are you getting the mineral rights?
Do what ever it takes you will never regret it. Look at it as a new truck payment.
Your kids will have a place to camp & fish safely.
You can always put a blue vest on and stand at Wal-Marts front door saying "Have a nice day" for some extra cash.
Got any timber? Firewood? oil or gas leases? Are you getting the mineral rights?
Do what ever it takes you will never regret it. Look at it as a new truck payment.
Your kids will have a place to camp & fish safely.
You can always put a blue vest on and stand at Wal-Marts front door saying "Have a nice day" for some extra cash.
09-18-2007, 08:17 AM
#4
Nontypical Buck
Join Date: Sep 2006
Location:
Posts: 1,394
RE: Buying Land Options
Open a business if you don’t have one. One that needs a garage and a pond! Incorporate and buy the land through the business.
I’m guessing it is zoned agricultural. If so, there are a number of approved businesses you can run out of it. Well you can in Virginia anyway. I’m sure your area is similar. Probably would be worth the extra $150 or so to talk to an attorney for an hour or so.
Good luck,
KP
I’m guessing it is zoned agricultural. If so, there are a number of approved businesses you can run out of it. Well you can in Virginia anyway. I’m sure your area is similar. Probably would be worth the extra $150 or so to talk to an attorney for an hour or so.
Good luck,
KP
09-18-2007, 08:18 AM
#5
Boone & Crockett
Join Date: Sep 2005
Location: Michigan/Ohio
Posts: 11,682
RE: Buying Land Options
ORIGINAL: GR8atta2d
I know this was asked back in the summer. But I want to revisit it.
For those of youwho have bought land for strictly hunting. What is the best option for financing. What type of insurance do you have to carry.
I'm "looking" at a 29 acre parcel of vacant land..(has a garage as the only building on the property) 2 ponds. The price is more than fair and it borders some wonderful public property.
However as you working guys know, with 3 kids, a new house, cars, etc..extra money isn't just laying around waiting to be spent. I'm just wondering if there are options I'm not thinking of. Any info would be helpful...Thanks
I know this was asked back in the summer. But I want to revisit it.
For those of youwho have bought land for strictly hunting. What is the best option for financing. What type of insurance do you have to carry.
I'm "looking" at a 29 acre parcel of vacant land..(has a garage as the only building on the property) 2 ponds. The price is more than fair and it borders some wonderful public property.
However as you working guys know, with 3 kids, a new house, cars, etc..extra money isn't just laying around waiting to be spent. I'm just wondering if there are options I'm not thinking of. Any info would be helpful...Thanks
All kidding aside that is how my buddy got his 40 acers. He got a plot book found great 40 acers of just nasty land. Really thick, he found it was owned by a lady in Ill. Called her made an offer(steal) and now it is his.
09-18-2007, 08:38 AM
#6
Giant Nontypical
Join Date: Feb 2003
Location:
Posts: 7,571
RE: Buying Land Options
Just my opinion, but, when I got my land, I did it all in one shot. However, between the original cost and the rediculous amount of taxes I pay on it every year, I often wonder if I would have been better off just leasing. I'd also caution you that you may have a problem keeping people off your land if it borders public land. I know I also have that problem to deal with.
09-18-2007, 08:42 AM
#7
Boone & Crockett
Join Date: Feb 2003
Posts: 19,137
RE: Buying Land Options
Open a business if you don’t have one. One that needs a garage and a pond! Incorporate and buy the land through the business
09-18-2007, 10:41 AM
#9
Giant Nontypical
Thread Starter
Join Date: Feb 2003
Location: North Lima Ohio & Clarion Pa
Posts: 6,453
RE: Buying Land Options
And a Giant thanks BOW HNT. You guys would be amazed if you saw the effort he went to to help me and explain options..unbelievably nice..way overboard what I could have expected.
Thats why I love this place..Awesome Thanks again.!
Thats why I love this place..Awesome Thanks again.!