Ralph Baer
Let's Go 'Tute!
Re: Rep Retirement Lodge 129: Still got those Winter Blues...
I think that he also gets to keep all the snow that falls on it.
P&I for 20 years at those % and rates? I am assuming the rates are fixed. $5,400.00 and acre? Is that typical for that neck of the woods?? I am sure you know the land well and between you and your family you know what you are doing. Are you working with a bank? If so, are you the borrower?
The dirt you speak of should be a wise thing to get involved in as long as it (or you for that matter) can cash flow it. I am sure that based on your experience and connections (family) that you will be able to work the land and reap the benefits with minimal effort. In addition, there are additional perks that a good accountant can work into the equation. Lastly, Your personal stock will go up and therefore you will get your pick of any of the 4H girls you desire in johndeereville.
Good luck!
Edit. Sorry for all the questions I am just curious.
I think that he also gets to keep all the snow that falls on it.
