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How to go about determining if I can afford to buy land? And if I was to buy, how to fund it?
How to go about determining if I can afford to buy land? And if I was to buy, how to fund it? Behind my house is a small lot that we do not own, however it fits perfectly into our back yard. I am in contact with the owner and he is looking to sell, and would rather sell it to us as opposed to a developer. Family salary is about 160k. Our current mortgage is about $320k and our house is worth roughly $520k market value. No other debt asid...
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