Buying Your First Farm at Auction - Here's What You Should Know: FLB EPISODE:

Patrick from St. Louis shares his experience of buying a plot of land for hunting, including dealing with high prices and challenges during his search. In this episode of the Land Podcast, Patrick talks about the financing process, making decisions, and doing due diligence before purchase. His valuable insights include advice on preparing financially and the online bidding process. • Patrick had been saving for over a year for a down payment to purchase a plot of land primarily for hunting. • He preferred land with more timber than tillable, with some road frontage. • Looking for a farm within three hours from St. Louis, focusing on Illinois rather than Missouri • Eliminating auto loans can free up funds for land purchases • Appraisals can come in lower than expected, buyers should have a safety net or consider adjusting down payments • The compound effect of starting small can lead to owning larger pieces of land in the future. • Listening to podcasts and hearing other people's stories can give a comfort level and help make buying land feel more achievable. SAVE 25% On Exodus Gear Sitewide - USE CODE LP https://linktr.ee/TheLandPodcast https://linktr.ee/exodustrailcamera https://bit.ly/TheDeerGearPodcast