You guy a distressed asset, force the appreciation, and then extract the capital (as much as you can) through a refinance/sale. 

Hello @Mike SanghviTo decide whether to continue to hold an investment or to dispose of it, you must know the amount of money you could potentially extracted from the investment at the time the decision is being considered.

The Collateral paragraph says: All tangible and intangible personal property, including, but not limited to: (a) inventory, (b) equipment, (c) instruments, including promissory notes (d) chattel paper, including tangible chattel paper and electronic chattel paper, (e) documents, (f) letter of credit rights, (g) accounts, including health-care insurance receivables and credit card receivables, (h) deposit accounts, (i) commercial tort claims, (j) general intangibles, including payment intangibles and software and (k) as-extracted collateral as such terms may from time to time be defined in the Uniform Commercial Code.

The Midland sub-basin has the least costly O&G extraction price of the entire Permian (as per Dallas Fed energy surveys), so you often see activity there while the rest of the PB is shut in.

I’ve done a kind of extended BRRRR method by refinancing it twice in that time to extract equity and buy other properties.

Best bet: 1) Use Listsource to pull names from your farm area2) Use Propstream to map where you want to send letters to...extract and send to pdfThen, hook up with a mailhouse that can send you mail based off the names you have saved.

Many are pulling back on doing them at all right now.Did you add enough value to have any equity to extract?

By the way, we typically do not get all of our investment extracted unless we got an assist with market appreciation (which we have gotten multiple times, about half of our RE has had all of our investment extracted).  

The other 20% or 20k is equity in the home that you can not extract (at usual bank terms) so thats where the other 20k went, its equity.So I imagine the question actually being "I have property A worth 100k with 50k mortgage, can I use a HELOC to buy B?"

The big box banks are stuck in rigid loan overlays that make it impossible to extract equity unless you fit their model.