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Updated 11 months ago on . Most recent reply

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No woman, No Cry, Using Property Owned As Colleterial

Posted

Hey, everyone. 

I own five acres of land that is paid off. Nothing is build on the land. The value around $20k according to the local tax office. Can I use it as colleterial for a loan to add to the down payment amount for a new prospective investment property. Then refinance the property repaying loan? Is that possible some how? I do not want to build on it. How can I use the property to help me access money to invest? 


Thank you!

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