Can that be used to reach out to sellers to save them from foreclosure?

Some people have given him a lifetime of savings with nothing in return.

Savings, equity line, personal loan?

@Omar @Omar Khan So let's assume that 30k is not my entire capital pool but my risk capital distinct from my portfolio/Net Worth/Savings.

You may also consider working a "regular" job while learning and saving.  

Depending on how much you buy it down, a lower rate can also save you thousands or even tens of thousands of dollars over the life of a 30 year mortgage.

You can sometimes:a)  sell the land to a neighboring farmerb)  if close to a city, subdivide the land into acreages for people to buy and put a house onSo you might be able to save $50k on your house by selling the farmland for $100k and still get the farm life. 

Sounds like the question is more about the trade off of (time and money going into a commercial-to-residential conversion) compared to (savings from better loan terms)...

Why not just follow Tom McElroy’s tax advice from rich dad books & ignore all middle class savings tools including IRA’s, 401ks etc.

In truth, we went over the existing tile and engineered hardwood in the living room, dining room and kitchen to save money.