May 31, 2023
On this episode, Joe and Butch discuss creative strategies for buying land with no money down with Brandon Simpson of First South Farm Credit. Brandon shares his insights on how to purchase land without breaking the bank. He discusses the possibilities of using gift money, a mortgage cosigner, and land as collateral for a loan. He also touches on Home Equity Lines of Credit and Land Equity Lines of Credit and the potential of consolidating mortgages and liquidating an IRA for a down payment. Finally, Brandon provides insight on ways to collateralize a retirement account for a down payment without liquidating it. With these great strategies, you can find yourself on your way to owning your own piece of land in no time. Do not miss this conversation to gain valuable knowledge on buying land with zero money down.
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