Let's talk about Country Living

**sledge** · 08-17-2014, 07:22 AM

I'm going to look into that USDA program.. I think I may have to get somewhat creative honestly. I think our house may fetch us approx $180K.. the properties we are looking at in this area are running $250K or more. In what we are looking into.. the $250K would be a stretch for us... unless we take it on and are "house poor" which isn't a smart idea nor one I desire to take on!

I'm also curious about the farm/tillable part of real estate. I'm really not certain if any of these properties come with the tillable land.. and if so how we go about renting that land to someone. Chances are the farmer who rents it would be the renter.. but this is all very confusing to me. I'm not sure how to tell if the house and land is just the house and yard or house/yard/farmable land mix? Any way to know that when looking at properties?

**phred59** · 08-17-2014, 07:45 AM

Originally Posted by sledge

I'm going to look into that USDA program.. I think I may have to get somewhat creative honestly. I think our house may fetch us approx $180K.. the properties we are looking at in this area are running $250K or more. In what we are looking into.. the $250K would be a stretch for us... unless we take it on and are "house poor" which isn't a smart idea nor one I desire to take on!

I'm also curious about the farm/tillable part of real estate. I'm really not certain if any of these properties come with the tillable land.. and if so how we go about renting that land to someone. Chances are the farmer who rents it would be the renter.. but this is all very confusing to me. I'm not sure how to tell if the house and land is just the house and yard or house/yard/farmable land mix? Any way to know that when looking at properties?

to be honest man, going up 70k doesnt add as much as you might think. even if you didn't pay 180k for your place, if you put down on the new one any profit you get out of the appreciation of your current house, I'm gonna tell you, without taxes (have no idea what they are where you are, but they're usually lower out of town) that 70k probably wont even add $250/mo. Run the numbers with your bank before you let the price tag scare you. and consider the tax difference too, not just the property value.