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Updated about 5 years ago,
My father and his brothers where left around 78 acres
Good evening, I’m a newbie but I’m ready for action, my father and his brothers it’s 4 of them where left 78 acres of land in Georgia from my grandmother. They’re in the process of getting it sub divided in the next month or so. My father even mentioned that one of his brothers may sell his share of his portion of the land to him once it’s divided up. My question is, will banks allow me to leverage the value of the land like a heloc or do you guys think it’s a good idea to even try to do it. My dad already told me that he’s leaving the land for me so I’m thinking I might as well use it to help me get started with real estate and not just let it sit there. Any help or ideas are welcome thanks.