Re: The IOWA FARMLAND rush continues on...........
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what % of purchase price is typically given by banks as a mortgage?
EDIT: evan, will you consider locking any more threads FH makes obviously selling this crap? thanks
Barron
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20-40% and with interest rates as low as they are this is a great investment.
Since last September 1st alone, prices on farmland in Iowa have escalated over 24%!
Expect a 15-20% over the next 365 days.......MINIMUM. All the while recieveing over $200 an acre to cash rent the land.
ALL ABOARD!
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[x] quoting historical returns as a precursor to sell something.
[x] banking on rates to stay low during a time when the next move is likely to be up.
also, banks should be requiring more than 20% down. what % of properties purchase put down 20%? 30%? 40%? less? more?
what % of mortgages are floating rate mortages taken out on this land?
thanks,
Barron
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