Thinkin Rut
PMA Member
- Deleted by Thinkin Rut
For some reason I thought that you had to have a functional cabin or living quarters on it to take the second home mortgage deduction and that the income was for the farm deductions?? That is, unless you go the home equity route.
You would think that it would be easier and cheaper to get a longer loan with less down on land than other hard assets but I guess that goes to show you there is still a lot of risk in land prices that the banks want the buyer to assume.
You would think that it would be easier and cheaper to get a longer loan with less down on land than other hard assets but I guess that goes to show you there is still a lot of risk in land prices that the banks want the buyer to assume.