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Killeen Texas Form 4876-A: What You Should Know
WIND : NORTHERN 15 LATITUDE: 15.0 N Longitude: 99.2 LONGITUDE: 030 WIND: NORTHEAST — 15.0 N DID YOU KNOW? It is possible to make tax-free cash flow on your farm: AUSTIN RANK: 16 INVESTMENT STRATEGIES FOR THE FARM: If you have a good idea of what you want to develop on the farm, and you have a few small business dollars for seed money, then getting start-up money is a big plus. Getting start-up money from the bank, through the Small Business Administration, is much easier in this case. For those who are willing and able to start a farm (and you, if you have started one) then investing in a farm, either real, physical land or cash will help you in the long-run. For a more detailed look at investing, please check out our Investing and Investing 101 post for more details. If you've already started a farm, and you're ready to start a family farm and grow your wealth and produce, then going land-poor may actually be good. You get more land (a lot more), and with less cash (less of a need to worry about paying your bills), you can do it more affordably. On our own land, we have been land poor since we started. That said, we think that one of the most important things to watch out for is investing in real estate. There is a real possibility that if you don't do so, you will end up with a large debt load. It's important to have a realistic assessment of whether all or a portion of your savings should be used toward a purchase. One idea is to invest all or most of your savings in a property for which you have been able to secure a mortgage (that is, a house or duplex that was not underwater. This is the most important piece. If you have a large negative equity in your house, your mortgage will be more costly than it would be if you have a small down payment and are able to invest the rest of your savings). You are investing in the bank debt of your mortgage rather than in physical property.
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