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mai2z4rah
Friend

Paying off a Loan for New Property

Hello, My mom is looking at a property in West Virginia with 6 acres. Less than half is forest, and the rest is hilly grassland with a small pond. She needs to get a loan and wants to be able to pay it off as fast as possible. We need advice and guidance as to what to do, like farming and selling crops or whatever. In her own words "She wants to know what kind of crops are quick and easy to kickstart the business while we establish bigger plans?"

 

Thanks.

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9 Replies
BA Deere
Honored Advisor

Re: Paying off a Loan for New Property

Look at seeding mushrooms in the wooded area, perhaps a small sheep or goat herd.  Maybe raise sweetcorn and sell it at a stand, watermelons, asparagus and such.   You could also raise a lot of free range chickens and the buyers would hand you the $$$ and say "keep the change!".

 

 

See the source image

 

http://thepoultryguide.com/free-range-chicken-as-alternative-poultry-production-systems/

JimMeade
Veteran Advisor

Re: Paying off a Loan for New Property

Talk to the local county extension agent.  

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ericdavidsonnyq
Frequent Visitor

Re: Paying off a Loan for New Property

I advise you to contact a real estate company, they will definitely give you the right advice. The idea is, frankly, a good one. But be careful, because now there are a lot of scammers and fake trust companies that enrich themselves at the expense of inexperienced investors. My first real estate was renting out apartments. I saved up a certain amount of money, turned to these guys http://thepropertysourcingcompany.co.uk/ , which helped me find a suitable option in the field of business. I was given a lot of useful advice on business development, and we signed a lot of documents with all the little things. The main thing is to understand what is now popular in the market

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southernfarminn
Frequent Reader

Re: Paying off a Loan for New Property

today there are tons of youtube videos to help also look into a csa and also if she is on facebook reach out some great groups i can help her get into and have her follow my facebook business page as i post a lot of stuff on how to get farming government grants ~ Edd Gimenez @ Southern Farm Innovations LLC 

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aljessen61
Senior Contributor

Re: Paying off a Loan for New Property

Maybe honey bees

 

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mollylopyy13
Visitor

Re: Paying off a Loan for New Property

About the loan, I advise you before taking it, to use a Home Loan Calculator, to see which loan is more convenient for you. Plus, if you are not informed, you can be fooled easily, and this they expect. I also before taking a loan use it, just to be informed. However, there are many activities, crops, and animals that can bring a good amount of money, you just need to know in which you want to specialize. To bring a lot of money, everything needs to be done at highest quality. I also think that the main thing is to understand what is now popular in the market.

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emilyaresmithon
Visitor

Re: Paying off a Loan for New Property

I'm looking too

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ogdenkyliesbb
Contributor

Re: Paying off a Loan for New Property

Read an article about safe unsecured business loans. With unsecured business loans, the lender relies on alternative sources of data to make a decision on whether to extend the company a loan. Because there is no security or collateral involved in the transaction, unsecured loans are more expensive than secured business loans. However, most small business owners are willing to accept the higher cost of finance because it means they are able to grow their business at a rate that is higher than the cost of the funding.

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simarde32
Contributor

Re: Paying off a Loan for New Property

It's not that hard to get a property loan if you choose the best banks for it. When I got a loan to buy the land that I built my house on, I reached out to a company specializing in giving loan and credit advice. I'm talking about vakuudeton, and I highly recommend giving them a try. This company helped me find the best unsecured loan among more than 30 banks and financial institutions. You also need to know that there are a few requirements you should meet before getting a property loan. You need to have work experience of over three years, to start with.

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