Using Farm Land Equity

[Kevin B. Kasper]

Hello all, 

My father and I are wanting invest in buy and hold multi-family rentals.  He owns farm land which appraises for a little over $800,000.  Has anyone used the equity in the farm land to use as a down payment?  Or, is there any innovative ways to utilize the farm land as collateral?

He does not have a lien on the property and owns it outright. 

Thank You

[Kevin B. Kasper]

Thank you.  It is not raw land, it is farm land.  You are the second person who advised to use a local bank.