Line of Credit on Farmland

[Bernard Macon Jr]

My brother and I own 40 acres of farmland. 50/50 split. I was wondering how does that work if I wanted to use the 50% I own to get a line of credit on it to purchase rental property?

[Bernard Macon Jr]

Quote from @Jaron Walling:

Interesting question so I started searching around. I found a good article about Land Equity Loans. It's good idea but only useful in specific situations. In my opinion it's very similar to HELOC; it's a short term tool to get you into a long term fixed rate loan. If you're splitting equity with your brother it could be more complicated. You also need A LOT of equity or better yet own the land out right.

https://www.lendingtree.com/ho....

 Thanks Jaron. We own the land outright.