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re: Has anyone here financed raw land with low interest?

Posted on 7/24/22 at 9:00 pm to
Posted by BillWilliamson
Pensacola, Fl.
Member since Nov 2020
75 posts
Posted on 7/24/22 at 9:00 pm to
I wouldn't plan to convert it to any other kind of loan. Its just pulpwood land that was cut two years ago and replanted. I can afford the down payment and principal payment on a 30 year loan but 6% interest would double it. I just wanted to see if anyone had some ideas that I hadn't thought of.

My current situation is good. I own my home and other land I bought in 2017 and have no debt except for my wifes car ($30k).
With a recession looming I don't want to do anything too risky especially since it's not necessary.

Whats your professional advice?
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