We currently rent a trailer (not on foundation)on a very beautiful,but very run down 44 acres on vancouver island bc. the owners have offered to sell it to us (private). It has 12 acres clearned with barn (no foundation) and some fencing,2 creeks run through it,and 30 + acres are treed mountain second year growth. We like to log some of it,and grow turkey's and pigs, as well we'd like to grow commercial Organic Lavender and Echinacia,an acre of each.My Husband badly hurt himself last year and will never work 'a tradional full time job' again. He does however get Pensions and we're not doing to bad, I personally don't work,we have no credit cards and only owe on student loans,we don't have car payments,owning this place will give us a chance to raise our children,and make some great money.The property is a registard farm.I have a feeling our bank will probley laugh us out the front door if we asked about a loans and such....

so any ideas on how we can buy this house?
We have all fallen and love with the place,have fixed up a few things...so as the old sayin' goes by hook or by crook right? ha ha ha

you'll likely have to take your prospect of 'make some great money', and convience private investors to finiance your dream.

My advice to you is talk to the seller and find out what options they will consider. You may need to hire some professional advice. Where there's a will there's a way.

Forget the banks... keep in mind that each application you make for a mortgage goes on your credit bureau. Several applications declined? Guess what the next outfit that looks at the credit bureau sees? A credit seeker being declined repeatedly. And many inquiries on your record. Stay away from the banks!

Instead find a good mortgage broker and use them. They make a single inquiry and although they may charge you a nominal fee (usually the lender pays)... only ONE inquiry against your credit bureau is recorded.

If you have been at a bank for student loans, RUN (don't walk) to that bank and get a credit card with a small small limit. Even a prepaid credit card if possible. You need a track record of some kind to give lenders a warm fuzzy.

Your very best bet is to see a good mortgage broker like www.mortgagecentre.com. They just happen to be in your neck of the woods and I recommend them highly.

Regards,

MDL

This post is "Just So BC" the land on entitelment and dreamers. You don't work your husband can't work but you want to own 44 acres? Do I have it right?

Why don't you do like millions of other canadians work, save buy a small fixer upper and build equity.

Farming on vancouver island is a no go. Unless you have owned the land for generations you will never make it. The only people making money farming is the chicken feed sellers and the pot growers.

You want the benifts of home/land ownership but are not willing to pay the price.

I have heard this same saga here in BC a 100 times.

We need to know more information.You say that you're not doing too bad and that your husband gets pensions.It may work.How much does the seller want for the property?Do you have any cash to put down?I just sold a place for$210,000 to somebody in your situation and got the financing approved for them.So give us a few more details and we'll help you out.