scaredy, I just read your most recent post. I assumed you were looking for acreage (the types of properties you posted in recent months that you were looking at).
My post still stands for advice on purchasing acreage but with $200K down and a $300K loan. $300K at a 4.5% 30-yr. fixed loan is $1,521 a month, which, without taxes and insurance, is cheaper than your rent payment.
If you’re happy where you’re renting right now, I wouldn’t buy into another tract in your situation. The REAL softness (and thus opportunity for “sweat-equity”) is in the (formerly) $1M+ albatross-foreclosures that are a mess inside and out :=}
