"30,000 Foot View": A Bird's-Eye Look Into Purchasing Land

Back to Your Roots

Are you ready to stake your claim and invest in land but puzzled about where to start? Clear that confusion as we, Chris Griffin and Jordan Turnage, guide you through the intricate process of land purchasing and financing in this enlightening episode of Back to Your Roots. We walk you through working with banks and Farm Credit Associations, educate you on the various types of loans available, and reveal how you can customize the loan process to suit your unique needs.
Land financing isn't just about securing the cash for your purchase—it's also about leveraging opportunities and minimizing risks. We delve into the potential of refinancing to modify your loan terms without bearing additional costs, and the idea of cross-collateralizing your loan with another property to lower the initial down payment. We also bring to light the importance of setting up an LLC to protect your personal liability and offer tips on what to look for when considering the purchase of hunting properties.
But the journey doesn’t end with the purchase. It is essential to seek professional guidance to ensure you reap a good return on your investment. Tune in as we discuss the importance of finding a realtor specializing in land and farm purchases, the value of having pictures and videos of the property, and why you need appraisers who know the ropes when it comes to property. Let us help you make informed decisions in your land-purchasing journey. Tune in, learn, and grow with us on Back to Your Roots.

Chapters

1. "30,000 Foot View": A Bird's-Eye Look Into Purchasing Land (00:00:00)

2. Guide to Purchasing Land and Financing (00:00:07)

3. Opportunities and Considerations for Land Financing (00:11:37)

4. Investing in Land (00:20:07)

5. Professional Guidance in Land Purchasing (00:32:02)