Getting Financing for Land

[Carmelo S. Ramos Jr]

Hello BP Family, 

I have come across a phenomenal opportunity here on the beautiful island of Puerto Rico. 

3 Acres at $35,000 BUT since the seller is very VERY motivated, I managed to get the seller down to 20k with payments. 

However I also threw around the idea of 10-15k if I could pay it in cash and his face lit up. 

Which leads me to ask all of you this question: 

Where could I go to get this money? I would love to hear what ideas or suggestions any of you have for me. 

Thank you, 

Carmelo 

[Richard Sherman]

Never fall in love with a deal.  I would see about meet ups, local investor clubs etc.  Locking something in contract is never a bad idea assuming you think you DO want to buy it and think it is a good deal, you just need to be pretty sure you are going to be able to close or have outs and are not going to harm the seller (i.e. have a conscience about it.)  Raw land has been VERY good to me, but I buy agg land mostly.  That being said, it produces NO income usually, so holding it can get expensive.