20 Miles West of Indianapolis Indiana | My quick rounded up/down math says you need $50,000 or so down, $85,000 for the tile, and $10-15,000 a year extra in current cash flow to service the extra debt over probably what you’ll make a year off of it vs a “normal” cash rent of it for 180 bushel ground.
If you have those things I’d do it. 10-15,000 a year isn’t an insurmountable amount of extra money to scratch up a year IMO.
In my example, will taking $135,000 out of your cash reserves or working capital for the down payment and tile ruin your working capital situation? If not do it.
Last question. Is this piece in an area or location next to people or things where unloading it in a worse case scenario, is that realistically possible or feasible? If so definitely do it. |
Land Yea or Nay
