How do I use my inherited properties to grow?

[Bryan Miller]

In February of 2016 I inherited two properties one of which has 200 acres of farmland that I lease as well. Although the land is worth a bit it doesn't make all that much from the crops. I would like to keep them all & buy more properties but what is the best way to use what I have to grow? Combined both properties appraised at $762,000.00 and I've thought about getting a line of credit against them so I can bid/buy houses quickly at a cash advantage then repair, refinance & rent but I'm not sure.

[Brent Coombs]

Yep. A line of credit IS the way to go. Make sure that each buy (AND your land) still pay for themselves even if 75% leveraged, otherwise, keep looking. Welcome to BP. All the best...