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.
A bank will usually want 50% down for land purchases