I've been offered an opportunity to invest in farm land that is adjacent to a successful/proven farming operation.

Less than a week later, despite record-high interest rates, they received an all-cash $1.825M offer from a 1031 buyer and immediately accepted.

You want to ensure that your lender is doing their upfront due diligence on the deal, has programs to get the deal done if the final numbers come in different(low DSCR requirements, favorable rent guidelines, etc), and is offering you excellent customer service.

We offer flat rate Property Management.

The buyer who purchased it made us an offer at fair market value which we accepted.   

.• 3-year business plan goals achieved in under 12 months• Listed for sale at 2026 projected price of $1.875M• Accepted $1.825M cash offer from 1031 exchange buyer• Closed sale in Oct. 2023 to secure long-term capital gains• New Sales Record Set: $228K per unit sale price, the highest ever in Bridgeport CThttps://westfaironline.com/real-estate/bridgeport-mixed-use-property-breaks-record-for-price-per-unit-sale/ Lessons learned?

A local bank offers 3.9% vs 4.25% loans.

Turns out I offered to do electrical and plumbing inspections on an agreed upon punch list. 

We made one offer and it was rejected.

Check with a few banks and see what they offer!