Stephen Dobek wrote:I'm a little confused how the down payment on a $400,000 farm can be as low as $8,000. I talked to a bank rep yesterday about the tract I'm looking at and he said on a piece of property like the one I'm looking at they usually require a 25% down payment which would mean I'd need $40000 right off the bat. I've got a day job but I'm not rich, and interning and apprenticing for the last three years didn't exactly leave me flush with cash either.
Stephen Dobek wrote:Yes I know this, but on one of the slides from that presentation you show the down payment being cut even below that to $8000. I dont understand how that happens.