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Getting back on track, no attitude herein :-), the only options I can see is A. Owner finance, B. Cash or C. Bank finance, but since the interest rate is too high that is not really an option either. I have heard that US financing for out of country land is possible, does anyone know about this or is the only way to do this take out a personal loan or a equity loan?
Thanks,
MikeI wasn’t having an attitude, unlike yourself. There is not a lack of understanding on my part about interest. I will not pay 17% plain and simple. I came to the forum for help, not to be degraded and for someone to act high and mighty telling me what I know and don’t know.
Scott, I am well aware of what dropping out of the rat race is. In order to do this I have to start somewhere, ie buy land to live on that I can someday move to. Anyway, I found some more property and have since offered the agent/owner 50% down with 5yr payments, I am awaiting a response. We shall see. Thanks yall.
Michael
No. I talked to some folks and they said the only place they know of in CA that might do it are banks in San Jose, but the interest rate is as high as 17% the said. I can not and will not pay an interest rate of 17%.
Michael
Hello. My plans for the property are to build a small cabin or house on it, and that’s about it. I want to move to the property in the future, and have a secluded area to my self. I do not desire to cut down the trees, clear the land, or anything like that. I just want to live on land and be as self sufficient as possible. As far as the price. I have found many many many tracts of land for way less than I am asking to find it for. $1000 an acre is expensive. Land can be had for much cheaper than this all over Costa Rica.
Michael
Yes, I know this is possible, but I have no home or collateral to borrow money against, which is my problem. I have a nice income, but no collateral. I live in a hotel 5 days out of the week and the weekdends I just stay at my parents, no need for a home per se. I’m desiring to drop out of the rat race though, which is why im considering Costa Rica.
