Starting in the early seventies I bought, divided and sold several farms (made money when they sold NOT so much when farming them lol) and over the years was a farmer, truck n tractor dealer, engineer and real estate broker, now semi retired attorney, so heres my best advice based on my experience over the years:
Get a good job Save money and a hefty down payment Build up a good credit score Develop a business plan and do your homework ONLY THEN do I imagine you could get a loan
Buy land that has a lotttttttttttt of road frontage and has subdivision potential
Buy land that has some marketable timber
Explore owner financed land sales
TALK TO LOCAL EXPERIENCED REAL ESTATE BROKERS, LAND SURVEYORS, AND ATTORNEYS FOR ADVICE and put more weight on those "local" experienced professionals then someone miles away.
Its a great goal you have in mind (it served me well) GO FOR IT IS MY OTHER ADVICE
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Today's Featured Article - Madison's County - by Anthony West. Philip Madison has been a good friend of mine for quite some time. He has patiently suffered my incessant chit chat on the subject of tractors for longer than I care to remember, and on many occasions he has put himself out, dropped what ever it was he was doing, to come and lend a hand cranking handles, or loading a find onto a trailer. Although he himself has never actually owned or restored a tractor, he was always enthusiastic and always around helping with other peoples projects.
... [Read Article]
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