Who here owns 5 or more acres?

punk-a-doodle

Crowing
10 Years
Apr 15, 2011
2,957
176
261
1. Who here owns five or more acres?

2. Did you inherit the land or purchase it?

3. If purchased, how did you finance it?

Thanks!
 

chickened

Crowing
9 Years
Oct 2, 2010
6,398
92
263
western Oregon
Yes
purchased through owner carry then refinanced 5 years later when the old guy passed and got a huge savings when I bought out the kids to settle the old guys' estate.

There are people who will loan money on private land purchases under the right terms.
 

speckledhen

Intentional Solitude
Premium Feather Member
14 Years
Feb 3, 2007
79,296
14,031
1,236
Blue Ridge Mtns. of North Georgia
We own 5.37 acres.

House originally came with 2.22 acres, then the two adjacent lots, totaling an extra 3.15 ac, came up for sale. Refi'd the house, took cash out and paid cash for the land so we own those lots free and clear.


We will, however, sell the bottom 1.77 acre lot for about what we paid for it 9 years ago, if someone will buy it, leaving us with 3.6 acres and the house, unless we can sell the entire property.
 
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chickened

Crowing
9 Years
Oct 2, 2010
6,398
92
263
western Oregon
Punkadoodle, if you can find a parcel with some merchantable timber more times than not the timber can cover the down payment and other minor fees. I have purchased such a parcel before and it works well.
 

Capvin

Songster
8 Years
Apr 13, 2011
1,007
69
178
Lake Placid, FL
We own about 25 acres... We purchased the property as part of the house purchase so the entire acreage plus the house was part of the mortgage.
 

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