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How to buy property that has potential


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#1 Farmerbrown2

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Posted 27 September 2020 - 07:51 PM

There is 250 acres up the road from that is supposed to be for sale for $2million. The place has potential for farming , agritainmentand a restaurant/ winery let's say I see lots of possibilities. I'm in the process of trying to get ahold of the owner. Any ideas of how to get money to make this happen. People tell me to get investors I have never done anything like this where do I start if it's for sale.

#2 swall01

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Posted 28 September 2020 - 10:10 AM

I'm not familiar with PA, but around here Farm Credit is popular for such ventures. Google showed AgChoice is a member of their network near you. I havent personally used Farm Credit but my FIL has and he speaks highly of them.


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#3 Vol

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Posted 28 September 2020 - 06:07 PM

Farm Credit is a very good source here with highly competitive interest rates. 

 

Regards, Mike



#4 Farmerbrown2

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Posted 28 September 2020 - 08:09 PM

Thanks guys sounds like I need to contact Farm Credit if the place is actually for sale. If it’s not I might try something with my home place but I think this other place has more potential.




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