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<blockquote data-quote="Brute 23" data-source="post: 1710118" data-attributes="member: 6291"><p>That's not a Dave question. </p><p></p><p>Couple of things. </p><p></p><p>Why are you buying the land? Just because it's value is a little more at this moment doesn't mean it's a good buy. What is your plan? If it's to run cows will the cows pay for it? </p><p></p><p>Are you buying it to add to your personal portfolio and are going going to lease it back to the cattle operation?</p><p></p><p>Have to know the plan to decide how to go about buying it. </p><p></p><p>Next, if a person had interest in buying some thing like that they should have had an account with cash being saved for that purpose. Dipping over to another account which may be retirement or some thing else to fund another project is a slippery slope and can end badly. </p><p></p><p>Personally, I'd at it to my personal portfolio, lease it to my cattle. I'd get a healthy down payment from selling assets or saved money for that purpose and buy it as long as the payment was easily manageable. </p><p></p><p>It's rarely the payment that actually gets smart people, imo. It's the lack of planning leading up to the purchase that gets them... even if it's long, slow death.</p></blockquote><p></p>
[QUOTE="Brute 23, post: 1710118, member: 6291"] That's not a Dave question. Couple of things. Why are you buying the land? Just because it's value is a little more at this moment doesn't mean it's a good buy. What is your plan? If it's to run cows will the cows pay for it? Are you buying it to add to your personal portfolio and are going going to lease it back to the cattle operation? Have to know the plan to decide how to go about buying it. Next, if a person had interest in buying some thing like that they should have had an account with cash being saved for that purpose. Dipping over to another account which may be retirement or some thing else to fund another project is a slippery slope and can end badly. Personally, I'd at it to my personal portfolio, lease it to my cattle. I'd get a healthy down payment from selling assets or saved money for that purpose and buy it as long as the payment was easily manageable. It's rarely the payment that actually gets smart people, imo. It's the lack of planning leading up to the purchase that gets them... even if it's long, slow death. [/QUOTE]
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