Hi all,
As per my post in innovative techniques, my hubby & I are interested in purchasing a 100 acre parcel of rural land.
The property would cost us apprx $250 a week in loan repayments.
There is no house on it so no opportunity of rental income.
There is 1 dam.
We are interested as my IL's live in the same street in this rural town.
There is potential of FIL overseeing the property.
My question is....how can we get this land to pay for itself?
How much would others pay for agistment of animals?
Is grazing cattle etc likely to create any form of income for us?
Does anyone know where i may get some answers to these questions?
Kind regards,
AA
As per my post in innovative techniques, my hubby & I are interested in purchasing a 100 acre parcel of rural land.
The property would cost us apprx $250 a week in loan repayments.
There is no house on it so no opportunity of rental income.
There is 1 dam.
We are interested as my IL's live in the same street in this rural town.
There is potential of FIL overseeing the property.
My question is....how can we get this land to pay for itself?
How much would others pay for agistment of animals?
Is grazing cattle etc likely to create any form of income for us?
Does anyone know where i may get some answers to these questions?
Kind regards,
AA