How To Buy From KW Land Team With Land Owner Financing
Do you want to buy more land in Kentucky for your investment portfolio?
Have you tapped out your funding sources but still want to increase your land holdings?
Do you have less-than-perfect credit but still want to invest?
Whether you are looking for cropland, timberland, hunting land, recreational land, or land for development, we can help you! We can help you acquire any type of land in Kentucky, whether you are looking for a half-acre or something much larger!
Here are your options for buying land in Kentucky, including one option that you may not be aware of…
How To Invest In Kentucky Land On A Budget
There are many ways to buy land as an investment. This variety of funding helps investors build their investment portfolio while accessing all sources available to them, or using leverage:
- Some investors use their own cash
- Some investors use traditional bank financing
- Some investors work with private money lenders
All three of these ways are popular ways to fund an investment.
But there’s another way to buy land in Kentucky that you may not be aware of: buy your land using landowner financing.
What Is Land Owner Financing?
Land owner financing is when the owner of the land finances the purchase of the land themselves. The owner acts just like a bank, giving you the land in exchange for receiving regular payments for the land until it is paid in full. Typically, the land itself is the collateral.
Think of it just like getting a mortgage from the bank, but without all the hassle and paperwork and credit checks and pre-approval.
Landowners like owner financing because it allows them to sell more property, opening the buyer pool to those who might not normally be able to afford the purchase, while also providing a steady stream of cash flow.
Investors like owner financing because it allows them to invest in more property even if they don’t have the full amount of money available.
Land Owner Financing: How Does It Work Here At KW Land Team?
When you buy land in Kentucky from us, many of our properties have landowner financing available, so if this is something that interests you, just reach out and let us know. We buy and sell land in other states too!
We’ll complete the purchase as normal and we’ll still require an earnest money deposit. However, instead of the full payment due upon closing, we’ll set up a payment plan that includes the principal plus nominal interest, as well as the term of the loan.
The land investment is the collateral itself, so if you no longer want the property, you can simply return it to us and you will not be expected to pay anything else.
There is no penalty for early payment of the land.
Call Us Now at (270) 791-2538 to discuss the type of land you’re looking for
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