Alternative Financing Options for Land
Not everyone just has the cash laying around to purchase land, which is why we are happy to offer special Landed Ground financing on most our properties. Sometimes, however, we offer special “Cash Only” land deals with no financing offered and a discounted Cash Price. If you want to take advantage of one of these great offers, but don’t have the cash, do Not Worry! There are a couple of other options we know of that might work for you, and that is what this article is about.
A Few Ideas:
Home Equity Line of Credit - If you own a home, and have equity in that home, you might be able to pull out a Home Equity Line of Credit with your bank or Credit Union. Unlike a mortgage, you don’t have to take out the full amount, only what you would need to make the purchase.
A Personal Loan from you local bank or credit union. If you already have a relationship with a bank or credit union, this could be a great option. Call or visit your local branch for details.
Prosper.com, an Online personal lending platform offering 3-5 Year Loan Terms. You can get a quote on their website for a personal loan without any Hard Pull on your credit.
Partner or Borrow from a friend or family member. Show them the great deal and see if they would like to come in on it with you!
Fund And Grow- Geared toward businesses. If you are a real estate investor with a business, this might be a good fit for you.
Credit Cards - We are able to take credit cards on rare occasions on sales under than 10,000.00. Special conditions apply when using credit cards with us, please call us for specifics.
As you can see, there are several options available.
