Stop in for a cup of coffee

Mopar Tim said
No, not if you had to get a mortgage. You have equity in other real estate?

Some but I'm not wanting to use it on this.

Mopar Tim said
No way you can touch that much land here for that much money.

land here ranges from a couple hundred bucks an acre to 20-30k an acre for farmable

Ddaddy said
They will if you are buying just for the property and it appraises enough for the mortgage. The bank is going to come out and appraise it as part of the process anyway so they will know the house is a tear down as it is now. They will lend only on the basis of the property once they see that house.

yeah that's why I'm guessing it's gonna be a tough one to get approved on.

Mopar Tim said
Correct! :thumbsup: That is why I asked if you had other equity you can use to off set the cost of the tear down house.

zkx14 said
If it is far enough away from any other structure, local fire co might be interested for training.

Hmm