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<blockquote data-quote="Lucky" data-source="post: 1710115" data-attributes="member: 32659"><p>I'd like to know what Dave would advise on the following situation. </p><p></p><p> You have $350,000 in an investment account earning an average 8% over the last 5-6 yrs. The land next to you comes up for sale for $180,000 and is appraised for $220,000. Do you make the 20% down payment (you have the down payment in another account) and finance the rest at 4% or, take the the money out of the investment account pay cash then start hitting the investment account hard to catch it back up? Lets also say the land payment won't affect anything else you have going and you plan on stocking it to expand a cow herd. Also figure in a 8-10% increase in land prices every year and the fact that you know the basics of how to pay your bills. We all already know not to buy a new Bassboat on a 15 yr note at 18% when you're pulling into the gas station on fumes every payday.</p></blockquote><p></p>
[QUOTE="Lucky, post: 1710115, member: 32659"] I’d like to know what Dave would advise on the following situation. You have $350,000 in an investment account earning an average 8% over the last 5-6 yrs. The land next to you comes up for sale for $180,000 and is appraised for $220,000. Do you make the 20% down payment (you have the down payment in another account) and finance the rest at 4% or, take the the money out of the investment account pay cash then start hitting the investment account hard to catch it back up? Lets also say the land payment won’t affect anything else you have going and you plan on stocking it to expand a cow herd. Also figure in a 8-10% increase in land prices every year and the fact that you know the basics of how to pay your bills. We all already know not to buy a new Bassboat on a 15 yr note at 18% when you’re pulling into the gas station on fumes every payday. [/QUOTE]
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