So I had this brilliant idea to buy some land, fence it in, and keep my mare there seeing as board here (self care) is $250+. I found some land, 4 acres for sale just minutes from where I live, the mortgage quote I got was $47 with taxes a month. Completely doable for me, and I've been quoted $2000 for fencing in the area, also doable. My question is, what type of loan should I be getting for something like this? It's a different type of request seeing as I don't plan to build a house, but maybe a horse barn. I've done some research about the mortgage and I can only receive one if I have a building that can be mortgaged on the land, what about a horse barn/stable? I've researched that as well, and found an Amish site that will build a 3 horse barn for about $10,000. That combined with the property should come out to about $100 total mortgage payment. Is this a possible thing to do??? Gosh I really want her closer to me!!! And $250 self care board, with gas, feed and grain, is getting crazy!
Has anyone had experiences with this? Perhaps someone who is a Realtor of lender???