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...

Its located in an area that I feel would be perfect for Tiny homes, big tourist area, crunchiest part of Colorado Springs, and in a no-man's land part of town that is off the beaten track and with amazing mountain views of Pikes Peak.

Such amazing go-givers! 

It is amazing how even the most minute element of power goes to some people's head and they get a Napolean complex about their supposed power.

The Journey was Amazing How did you find this deal and how did you negotiate it?

You want to know where they have studied, how often have they done that procedure, how amazing is their success rate etc. etc right?

I’ve gotten totally screwed in a good area with one ****** tenant I inherited that on paper was amazing. 5)36 cost me $16k in damage and $7k in rent...The only way to mitigate this is to screen your tenants property and I know this sounds crazy but go with your “gut”.

@Elliot Mitchell - so amazing to hear your success!!

Once you start searching, you will amazed how quickly they show up. 

Navy Federal, as an example, needs a long time to close and requires tax returns, but has a 20 year draw and a 20 year payback period…takes much longer than others, but that payback period is amazing.