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Updated over 3 years ago on . Most recent reply

User Stats

16
Posts
2
Votes
Drew W.
  • Rental Property Investor
  • Lubbock, TX
2
Votes |
16
Posts

If you own land can you leverage it to buy real estate?

Drew W.
  • Rental Property Investor
  • Lubbock, TX
Posted

My family has a ranch that is honestly out in the middle of no where. It use to have cattle on it but no longer does. It’s around 2500 acres in west Texas and it has been in my family for a long time.

I don't want to sell it, but what my question is am I able to leverage it to buy other forms of real estate? I guess like a " Land HELOC" I guess it would be a "LELOC" if that is even a possibility.

Most Popular Reply

User Stats

548
Posts
270
Votes
Jason Dillard
  • Real Estate Broker
  • Greer, SC
270
Votes |
548
Posts
Jason Dillard
  • Real Estate Broker
  • Greer, SC
Replied

You are sitting on a gold mine.   You have a place to put private debt from your sellers. Don’t use a bank on the land.  Tell me the details on a property you want to buy and I’ll help you create the offer. 

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