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14
Posts
3
Votes
Bryan Buckingham
  • Contractor
  • Hawaii
3
Votes |
14
Posts

Looking for a way to finance Agricultural Land

Bryan Buckingham
  • Contractor
  • Hawaii
Posted

New to the forum. I currently own only one home with ADU 60% equity. Ive been seeing many deals for vacant agricultural land. Full transparency, Im a builder and will build several homes on this lot in the future. Problem is, the cost of these lots are over 2 million. The ag land itself has a cash rent value that is likely negligible but the homes I build will all cashflow by over $1000 each if I can make this deal work. Please help me understand how I can afford this parcel. It would be lifechanging for my cashflow 5 years down the road. I can only pull up about 400k before maxing out our families DTI. Purchase price likely $2M. Seller will not carry a note. Ive asked.

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