Control Your Land
So you feel safer having your ranch paid off?
If you do have it paid off or are at least moving in that direction, then you have done so under some form of persuasion. However, we’ll show you using simple math and logic that putting more of your money into your ranch, as your largest ill-liquid asset, is not necessarily the best place to park those dollars. Stay with us and we’ll tell you exactly why.
(Note: We understand the emotional argument to have it paid off as quickly as possible. You feel that it will provide you with security and peace of mind knowing that no one can ever take your ranch away from you and your family.)
Again, if you bear with us, we’ll share with you the other side to the story and then you can tell us if you think you are better off having your ranch paid off or financed 100%.
The Other Side
There are three reasons why you are safer having your ranch financed as close to 100% as possible as opposed to having it paid off:
Reason #1
Reason #2
Reason #3
You feel safer having your ranch paid off so what could potentially be the downside to that? Disability, threats of bankruptcy and the economics of the industry and world.
Would you say that you want to be in a position of control or do you want the bank in control? Which one makes you feel safer?
Let’s visit those same three situations again and this time you have a mortgage payment that is mostly interest therefore maximizing the tax deductibility of the loan (the tax advantages are nothing to sneeze at when looking at the big picture.) And, let’s say that you have the money available to pay off the mortgage if you wanted or needed to at anytime in an entity that you own and control.
Three Situations
We’ll show you how to have a mortgage, benefit from the tax advantages and still have enough money available in a side fund to pay that mortgage off should you ever need to or want to. This position will become very visible to you when you work with us.
Land Rich, Cash Poor to Land Rich, Cash Rich
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