Quote from @Account Closed:
It seems that you have two assets: an 800 acre ranch and knowledge of how ranches work. You have one weakness: you don’t know how to operate SF or MFs. I think it would be a bad idea to buy a bunch of residential units because there is a good chance you will crash and burn. A couple things come to mind:
I assume the ranch is leased. A bank loan will be based on the net income the ranch generates and not what you think you can sell it for.
Given your experience, I would think about ways to add value to the ranch—i.e., create multiple revenue streams. Maybe grain silos, lease a portion of the land to a farmer who grows corn or cotton or something, housing for laborers… Banks will lend money to make these kinds of improvements.
Its an undivided interest of about 6300 acres thus I only receive 13% of any income generated from the property.
Multiple revenue streams already exist for the property including hunting lease, farming lease and some improvement revenue from a livestock lease. As far as ranches go, maybe with the exception of a solar farm or some equivalent, it's about as diversified as ranching gets.
Also, Its a very complicated situation that involves a separate operating company and 5 other ranches which I am not part of.
Im not really interested in improving the property any more because what I would actually realize from the improvements is a joke at 13% and all the work/mediation id have to put in amongst my partners.