Undeveloped Land...
I posted this in the "beginners/bird dog" forum but thought I might get more responses in this forum. Any Real Estate gurus out there? What are general loan terms for undeveloped land? I'm asking for both city and rural (farm/mountain) land. Do lenders structure the notes like normal residential properties (i.e. term, rates, downpayments)? Thank you.
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A bank will usually want 50% down for land purchases