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How BTO's operate

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    How BTO's operate

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    Bit of an insight into how one large farm operates.

    #2
    I bet that mortgage is done up so tight that ever single thing from first born to last dead is included.

    I would of guessed BMO or scotia Bank. Saskatoon.

    Go Big or go home.

    Follow the money

    Comment


      #3
      .........here we go again!

      Charming enough for ya 101? Lol....Sunday evenings @ 8 RC church basement in the Slum of the Ghetto!

      Comment


        #4
        I missed counting three zeros at first glance. It makes a difference..

        Comment


          #5
          Originally posted by farming101 View Post
          I missed counting three zeros at first glance. It makes a difference..
          Just a bit.

          Comment


            #6
            It's funny how if or when things blow up in cases like this it doesn't make quite as big an explosion as you would expect

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              #7
              Plug 126 million into your mortgage calculator. FCC 's would "only" let me input 100 million.
              Last edited by farmaholic; Jan 2, 2018, 11:36.

              Comment


                #8
                Ouch that gota make the banker restless at night.

                I've got a pretty good idea why some of my neighbors cranky.

                Comment


                  #9
                  It would be a general mortgage over 30 years and based on 20% down or a 10000000 mortgage.
                  Easy Peasy nice and easy.

                  Comment


                    #10
                    The mortgage amount on the title is already 126 million, the down payment on that "all encompassing" mortgage is already made.....if payments are regularly made maybe you can just keep adding titles to the mortgage without increasing it. Leveraging equity.

                    Comment


                      #11
                      Perhaps I missed something in a previous thread, but why is this any of our business, and how does it affect the rest of us in any way?

                      Comment


                        #12
                        In part it is about the continuing concentration of wealth and the impossibility of some areas having a next generation of land owners. Also has a bit to do with succession planning and how you will fund your retirement if you have a next generation you are concerned about. Yes, land is still changing hands but many locals are not in the running. They are totally shut out

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                          #13
                          We gave up a huge opportunity by not leveraging our equity(with in reason), while land prices were considered cheap in comparison to now and very low current interest rates.

                          Its hard to begrudge someone's success if they had the balls to take the risk!

                          Edit:

                          hindsight-- 20/20

                          foresight--blind as a bat
                          Last edited by farmaholic; Jan 2, 2018, 15:31.

                          Comment


                            #14
                            Originally posted by farming101 View Post
                            In part it is about the continuing concentration of wealth and the impossibility of some areas having a next generation of land owners. Also has a bit to do with succession planning and how you will fund your retirement if you have a next generation you are concerned about. Yes, land is still changing hands but many locals are not in the running. They are totally shut out
                            Why are they shut out? Is it because the BTO can get levels of financing that the commoner can't? Or is the BTO somehow making more profit to justify paying higher land prices/rents? Or is it that the BTO is paying unprofitable levels due to all the financing and will soon be bankrupt?

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                              #15
                              Or is it possible the banks bet on a flunky with good accountants etc and joe farmer with a great balance sheet is shit on and tossed out then when the shit hits th fan and Toronto realizes it can’t back a loan to one farmer for that amount the little guys pick it clean.

                              Ah farming

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