@Tyre Foote Buying land is a little different than buying a house, especially investment property. Renting out land for farming or hunting is pretty common here in MN though! When we bought our 15 acres we paid 45k. Actual value was 55k, we put down 10k. That's a significant percent down. We got a 5% interest rate and paid roughly 2k in closing costs. The loan ballooned after three years, which was fine because we had it presold at full value.
All of this will depend on your credit score, type of loan, amount borrowed, and length of loan. Financing vacant land typically means putting more money down, but can be nice because property taxes are typically lower. We had to go with a local credit union as the bigger banks around here were hesitant about unimproved land. Most states have a bank that focuses on Ag and recreational land. Depending on how you want to use it, I'd look into your states agricultural land tax breaks. Again, all state specific info but that was my experience.
Whether is worth it or not will depend on how much you can rent it for vs how high your payment is. The biggerpockets calcs are great for analysis!
