How to get started with agtech and farming investments?
in Business, Accounting & Taxes ·
I truly believe that over these next four years, agriculture is going to be nothing short of a gold mine... heh...
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Posts by silentpuma16
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The Great Depression
in Economy ·
I was wondering if anyone might be able to point me in the right direction regarding where I could locate this online...
thanks so much.
thanks so much.
The Great Depression
in Economy ·
I was wondering if someone might be able to enlighten me regarding the approximate yield in pounds for bush beans per acre...
I am also quite curious if anyone could point me toward a reliable website where I might delve deeper into the various different cultivars and other technical details...
I am also quite curious if anyone could point me toward a reliable website where I might delve deeper into the various different cultivars and other technical details...
How to get started with agtech and farming investments?
in Business, Accounting & Taxes ·
Edward Newman77 said:I’ve been chewing on this idea for quite a while now—though I haven't quite managed to track down the hard data yet... Does anyone actually know what the current market rate is for walnut timber? How many years does it take for them to reach maturity? And what are we looking at for the price of saplings these days? ...
If you take a moment to scroll back through the previous replies, you might find what you need, or you could just head over to www.usda.gov
where there's an entire section dedicated to walnuts—covering everything from planting and cultivation to intercropping and general maintenance—so we don't have to go through the trouble of rewriting all the details regarding grants and subsidies again...
Credit Bureau - US Credit Report & Debt Records
in Banking, Insurance & Loans ·
So, I was just wondering what HROK actually means for those of us who are already heavily leveraged... When it comes to loans, it seems like now, regardless of whether you have a spotless credit history or a messy one, if a third of your paycheck is already tied up in debt, you simply CANNOT get a loan.... and even if you somehow can, they demand an absolutely ridiculous amount of insurance coverage....
In my own situation, my monthly debt payments are roughly equal to my entire salary, which is about $4,500, and I’ve always been perfectly responsible—never missed a single payment or received a warning—plus we run our own small business, but when I finally went to buy a condo.... they just told me I was overextended and left it at that....
Of course, I fully understand all the debt I've taken on because every cent is backed by something; it was either a mortgage on the house, two co-signers, or life insurance. Every single loan I ever took out was specifically for renovations or purchasing a home, a condo, some land, or other similar investments....
I had really hoped that HROK might help distinguish the reliable borrowers from the risky ones, but believe me, they are looking strictly at your total debt-to-income ratio.....
It makes me think about a parent who wanted to buy a condo in Chicago Union Station to rent out, hoping the tenants would essentially cover the mortgage, and I honestly don't know how they're supposed to pull that off now... it seems like the banks only care about how much you owe, rather than where the money is actually coming from.
In my case, my tenants are the ones helping me pay down the loan and so on... If anyone else has had different experiences... please let me know... and which bank you used....
Because it feels to me like the days are gone when you could just pick up three condos for $50,000 each and rent them out,,,,,, since everything is so transparently tracked nowadays.....👎
In my own situation, my monthly debt payments are roughly equal to my entire salary, which is about $4,500, and I’ve always been perfectly responsible—never missed a single payment or received a warning—plus we run our own small business, but when I finally went to buy a condo.... they just told me I was overextended and left it at that....
Of course, I fully understand all the debt I've taken on because every cent is backed by something; it was either a mortgage on the house, two co-signers, or life insurance. Every single loan I ever took out was specifically for renovations or purchasing a home, a condo, some land, or other similar investments....
I had really hoped that HROK might help distinguish the reliable borrowers from the risky ones, but believe me, they are looking strictly at your total debt-to-income ratio.....
It makes me think about a parent who wanted to buy a condo in Chicago Union Station to rent out, hoping the tenants would essentially cover the mortgage, and I honestly don't know how they're supposed to pull that off now... it seems like the banks only care about how much you owe, rather than where the money is actually coming from.
In my case, my tenants are the ones helping me pay down the loan and so on... If anyone else has had different experiences... please let me know... and which bank you used....
Because it feels to me like the days are gone when you could just pick up three condos for $50,000 each and rent them out,,,,,, since everything is so transparently tracked nowadays.....👎