[QUOTE=narwhal]
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Originally Posted by Brian Carlton
If you plan to purchase vacant land, you typically must do this with cash. You can obtain the cash from your own personal residence. It's normally difficult to get a loan on vacant land./QUOTE]
I have never had a problem getting a loan on vacant land. The difference may be that the land I have purchased has trees on has been cleared for farming, which may not be the case in your area.
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If you clear the land and use it for farming, I presume the bank will loan money based upon that use. However, here, you purchase the land for investment only, and there is no possibility of income. So, the banks typically won't loan on it.