ok so my husband and I found this piece of property. It has a small cabin on it but the seller is selling it as land only for 127k. He wants 30k and will negotiate the rest.. so weasked he will do something outragious like 500 a month but he just wants that 30k to buy a hotel or something with his mom...
so my idea is to get a personal loan for about 40-60k to pay him and use the rest to make any improvements on the place.
is this possible? i hve been calling and scouring the internet for ideas.. do you have any..
thanks