We would not live on it at first- if we kept it would likely build a small retirement home (good 20-25 years out). It isn't too terribly far from home, this piece is just an hour away so not too bad at all.
We do have car payments, total between the 2 is under $750, plan is to have those paid off mid summer. The working on the Harley & boat.
Ideally we are debt free minus the house by summer of ‘27 (and hopefully land)
Only issue is it’s a super small property, like sub 15 acres. Not sure if I should go ahead, or wait a year or two, save up more $ to buy a bigger piece
We may be able to put an acre or two into CRP to help offset taxes, but honestly the piece is small enough that the annual taxes are negligible- I'd much rather put the non-timber acres into a food plot anyway.
Debt to income is under 45%, haven't run the finances for Q1 yet, that's due this...
Well so the time has come, ridiculous family issues are likely to put my access to the hunting property in serious jeopardy.
I have found a piece for sale that I'd be fairly interested in & am working with a banker as well as a realtor of sorts.
It isn't as many acres as I'd like, but it is...
That's what I'm looking at doing as well, I'd much rather pay myself back 7.75% over 5 years, considering the loan roughly matches what I was contributing to my 401k anyway. Plus that way it doesn't decimate my savings account.
Took Nov 3-13th off for my rut vacation. It had been a fairly slow season with moving during opening weekend but I was excited to get out after some bucks, especially cause of my heartbreaker from last year.
Headed down to my buddies farm @ 3 in the morning Friday to spend possibly the weekend...
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