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| What is your interest rate? Eat macaroni and cheese and dented can vegetables until the note is paid off. Then you will have the deed and can use the value of that place as a lien to purchase the next place. After a couple farms, the income from the paid off farms can be used to pay off the newly purchased farms. Kind of the snowball effect, just got to use some sweat and blood to get the first couple paid off. Now if you have a sub-5% interest rate locked in long-term, you may be better off making minimum monthly payments and accrue and nice cash account for the next down payment, as the interst is likely going to be higher and a bank CD can make at least 5% to head of accruing interest.
Eddie | |
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Paying down land
