The Land Podcast - The Pursuit of Land Ownership and Investing
Jake Hofer
192 episodes
6 days ago
The Land Podcast is a platform for people looking to educate themselves in the world of land. If you're interested in the pursuit of land ownership, land investing, staying up to date with current land trends in the Midwest, and hearing from industry experts and professionals, then you're in the right place! Join Illinois licensed real estate broker Jake Hofer on his land journey and learn from some of the best in the land business along the way.
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The Land Podcast is a platform for people looking to educate themselves in the world of land. If you're interested in the pursuit of land ownership, land investing, staying up to date with current land trends in the Midwest, and hearing from industry experts and professionals, then you're in the right place! Join Illinois licensed real estate broker Jake Hofer on his land journey and learn from some of the best in the land business along the way.
#181 - From Pre-Approval to Purchase: Understanding Recreational Land Financing with Buckland Funding
The Land Podcast - The Pursuit of Land Ownership and Investing
59 minutes
3 months ago
#181 - From Pre-Approval to Purchase: Understanding Recreational Land Financing with Buckland Funding
Welcome to the land podcast, a platform for people looking to educate themselves in the world of land ownership, land investing, staying up to date with current land trends in the Midwest, and hearing from industry experts and professionals.
On today's episode, we are back in the studio with a different kind of podcast. Our friends from Buckland Funding came up to visit and record this podcast, talking all about lending for land. We discuss:
Getting pre-approved is easy and requires minimal documentation.
Buckland Funding specializes in recreational land loans.
Pre-approval typically takes 24-48 hours with required financials.
Two years of tax returns and a personal financial statement are standard requirements.
Debt-to-income ratio should ideally be 41% or less for loan approval.
Buckland Funding keeps loans in-house for personalized service.
They can close loans quickly, sometimes in as little as 10 days.
A good lender can help buyers feel more confident in their purchase.
Liquidity is important; aim for one year of annual debt payments in savings.
The lending process for land is simpler than traditional home loans.
And so much more!
Get Pre-Approved to Purchase a farm with Buck Land Funding
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Use code 'HOFER' to save 10% off at www.theprairiefarm.com
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The Land Podcast - The Pursuit of Land Ownership and Investing
The Land Podcast is a platform for people looking to educate themselves in the world of land. If you're interested in the pursuit of land ownership, land investing, staying up to date with current land trends in the Midwest, and hearing from industry experts and professionals, then you're in the right place! Join Illinois licensed real estate broker Jake Hofer on his land journey and learn from some of the best in the land business along the way.