Are you looking to buy a piece of land, but you're worried about finding a bank that can make you feel comfortable and help you find the type of loan you are looking for? There is so much that goes into financing a land purchase. Whether you are a first-time buyer or looking to buy your next parcel, getting the right bank or financial institution is key. It will help you get your pre-approval and a clear picture of what you can afford and what to look for before embarking on your land search journey. Pre-approval is the game changer you need to get your ducks in a row and enhance your land search process. Be intentional in every checkpoint by getting pre-approved and finding an educated broker's agent in the areas you want to buy to make a wise purchasing decision.

Join this conversation with Shawn Ryan and Jason Duncan as they share more about land financing and Buck Land Funding. They have a lot of experience in this area, Jason has been working with Buck Land financing for 17 years, and Shawn has been working in this space for his entire career. Whether you are looking to buy your first farm or the next one, they will give you insights on recreational land, interest rates, calculating your debt to income, what drives wreckage in the land market and more. This is an episode you won't want to miss!

During this episode, you will learn about:

[00:01] Introduction to the episode and pre-show talk 

[02:22] A bit about Shawn and Jason’s backstory and how Buck Land Funding was born 

[08:55] States that Buck land serves apart from Illinois  

[10:33] Buck Land Funding’s most rewarding service that they take pride in

[16:19] Things that most people overlook when financing their land purchases 

[23:30] Tips on how to purchase a piece of land with the current interest rates 

[28:38] Is marrying the farm and dating the interest rates good or damn idea? Find out. 

[31:01] How often people sell their farms, and what has shifted over the last couple of years

[32:52] How hunting land mortgages differ from home mortgages model 

[35:05] Qualifying for a loan and collaterals Buck Land looks into for approval 

[39:42] Assets that you can pledge and not pledge for loan approval

[42:19] The importance of establishing a relationship and communicating with your bank 

[45:01] The measuring stick that you can use to determine your affordability 

[48:09] The mission of Buck Land Funding in helping their client's dreams come true

[50:35] What drives the recreation land market up and makes it tick 

[56:57] Splitting the debt-income ratio and why it’s important to form a separate entity  

[01:00:03] Rapid fire round, get the juice  

[01:13:04] Shawn’s two main recommendations to first-time or existing land buyers

[01:16:17] Ending the show and call to action

Notable Quotes