How to Finance Hunting Land
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- เผยแพร่เมื่อ 31 ก.ค. 2024
- In this video, I show you how to finance hunting land. Hunting land in PA is getting expensive and it can be hard to find a good tract and to get financing to buy land. If you think you cant afford land, watch this video.
I can advise you on how to get a tract bought. I have purchased and sold thousands of acres over the years. There are a few tricks of the trade I will share with you on how to find money to purchase a piece of hunting land and get it paid for.
Who is Stephen Chilcote?
Certified Forester
Wildlife Habitat Biologist
Land & Farm Realtor
Who is my ideal client?
My ideal client is a guy who wants to buy land and transform it into an income producing property with great hunting potential or a guy who has land and wants to improve his timber INCOME and game holding capacity of his land. Not only DIY guys but guys with the money to hire everything done
I want to be know as the guy who can help people buy land and transform that land into an exceptional hunting property. Not just give advice but transform the property into an ideal hunting tract fast.
Who I am trying to serve?
Landowners and potential landowners
What am I serving them with?
Information on how to buy land and improve wildlife habitat on the land. Information on how to get the most out of your timber investment
FOR MORE INFORMATION GO TO WWW.CHILCOTEFORESTER.COM
To book a phone call: calendly.com/app/availability...
Solid
Another option if you have enough equity in your house is to refinance your house and use that equity for at least the down payment and maybe even more. A plus to this option is home mortgage interest is tax deductible.
Yes good point
FSA got back to me. We can get loan guarantees up to 95% which would grease the skids at the bank. They also have great equipment loans for 2.5% 40 year term. The catch is you need to be a farm manager, family farm member who has worked the farm. One of my clients is getting a grant from them for setting up a rotational grazing fence system plus a streambank stabilization/trout habitat. The govt is flush with cash taken from people who earned it. May as well see what you can get back out of them.
Jesus, when I first saw that fire, I was like, WTH...
Haha yeah, looks real
I forgot to mention owner financing. Cant hurt to ask the seller if he will take paper and a down payment. Or do a Life Estate where the owner can live there until death. There are more ways to skina cat.
Nice video. I can put down more than that and have a near perfect credit score and could only secure 5% with Farm Credit. Those rates are going to keep skyrocketing. My biggest problem is that I can't find someone who wants to sell that 100 acres. I've written a lot of letters the past year.
Thats a good way to go about it but get a relationship going with a land specialist Realtor. Rates and prices are going up and inventory is low. The only thing on the market is overpriced junk. Hopefully, we can get some good ground on the market in spring
What do you think of RR tracks along the property line, or utility easements. A big powerline in particular? I’m looking at a place that has both of these on edges. Wondering if it’s going to help me access or just be an invitation for trespassers.
powerlines often get a lot of atv traffic. But, they can also be used for side-access to your hunting spots strategically placed. They can also be a place that gets hunted hard if public land and will keep deer from going that way.
Will using the land for Agro-tourism be considered “farming” for USDA or PA conservation grants purposes? Who receives the grant money, the land owner or the operator? Can a farm have dual operators?
those are good questions for FSA. I would call them and go over all that with them. I admit I dont understand what agro-tourism is.
I'm looking at different financing options and some lenders mention that the land can't be income producing I.e. can't be farmed/rented, be in a government program, PYO berries deal. Can you let me know what they're getting at with this?
go to an ag lender like AgChoice. What they are getting at , I think, is that they are lending for a home not a business, so they can sell your loan - probably Fanny Mae guidelines. Farm credit doesnt care about that.
Is there a time of year when land usually pops up on the market?
Buyers show up after deer season and sellers show up in spring
I have the 20 percent down where can I find financing ? It would be a hunting / relational property
Farm credit. There are different companies depending what state you're in
This is towards the upper class. Who in the hell, has 60k in savings?
I had 50 last year saved up. Im in the bottom 10% of income earning. I put that down on a rental home.
People
Getting 4% on raw land? Seriously?
yeah, my last buyer got that and I hear they've raised it a point