[USER]

Hi!! I recently became interested in land purchasing. A family friend gave a group a tour of his family’s 20 acres in shepherd texas. He told me that he could give us 1 acre for $10,000.

I only have $4000 cash, and unfortunately recently, do not have stable income to afford the remaining $6k.

What should I do? Do I have other options? Thanks in advanced.

SB: my plans for the acre would be for it to be an income generating asset. So like leasing it out for agriculture or a mobile home or something

[Allison]

Sounds like you can’t afford it. Fix your income/cash problem, then revisit your interest.

I’ve been interested in purchasing the top of a mountain for years to escape the corporate rat race and people.

But without the funds, it can’t happen.

[Iona]

If a bank won’t give you a loan or mortgage you can find an investor where you can offer them 10% return within a certain time period. Usually 12-24 months.

They would have a lien on the property so if it falls through they could take possession.

[Deborah]

I guess save more and then purchase

[Author]

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