Buying land is an important and complex decision, just like any real estate purchase. For starters, there are plenty of reasons to buy a parcel of land. If you buy a house, it is probably so you can live in it. But with land, you could choose to build your own house, use the property as a long-term investment, or even start a business.
Owner-financed land is a smart thing to look for when buying land. It is beneficial for both the buyer and the seller and has so many advantages. However, despite the tried-and-true advantages of buying land, many people are still hesitant to do so due to the obstacles and difficulties buyers face when finalizing a deal. The widespread ineligibility for bank loans that buyers encounter when applying for financing is the main cause of this.
Why do people look for owner-financed land?
For most typical land purchases, it is difficult to get a mortgage or bank lending.
In some cases, banks might lend if the parcel in question is an established multi-million dollar business, like a successful ranching operation plus a large chunk of land, like 1000 acres or more. It becomes worth the bank’s time to do thorough due diligence if the deal is valued at $500K or more.
However, for many vacant land deals for individuals starting out or couples wanting some land to diversify their assets or for a family to live off the grid, banks are typically not interested.
Fortunately, many companies have risen, intending to eliminate the hindrances to land buying. One such firm is Once Upon a Brick Inc. Land Investments.
Its business model is unique in that it allows interested buyers to purchase a parcel of land even if they are not financially backed by lenders or banks. Instead, buyers enter into seller-financed land agreements, also known as land contracts.
Buying owner-financed land with Once Upon a Brick Inc. Land Investments
Quite a few companies have adopted the owner-financed model, but many of them still require buyers to provide credit reports to ensure they have manageable debt-to-income ratios and won’t default on their deals, not to mention the interest and large down payments they require from buyers.
This arrangement is still unfavorable for some buyers who have inaccurate, negative items listed on their credit. This is where Once Upon a Brick Inc. Land Investments truly sets itself apart. Since most of the properties listed on its website are owned by the company itself or its partners, it can offer any parcel of land to interested buyers without the need for credit checks.
The company also offers them the freedom to provide deals following a monthly payment plan without interest and fees. In fact, most of the properties listed can be purchased at $100 a month over a fixed period, virtually the same price as most buyers pay in a month for their daily dose of caffeine.
Unsurprisingly, the business model Once Upon a Brick Inc. Land Investments has followed over the past couple of years has made it one of the fastest-growing land-for-sale companies across the US, helping hundreds of buyers acquire properties without the challenges that normally come with real estate investing.
Contact Information
Contact Person: Mike M. – Once Upon a Brick Inc. Land Investments
Email: landsales@onceuponabrick.com
Phone Number: 618-492-4628
Website: onceuponabrick.com
