A wise investor will not try to get rich quick with shortcuts.

I’m a new investor. My family has a family farm consisting of 3 parcels of land. 2 parcels are owned free and clear. Each parcel is worth roughly $350K. That said, we’re currently cash poor. Any advice on the best way...

@Rich HupperIt's pretty common for car dealerships to lease the land they operate on. 

A wise investor will not try to get rich quick with shortcuts.

You are about 3-5 years early for this question.Unless you already have some other serious reasons to start with asset protection, maybe you are filthy rich, or have partners, in which case free advice from a public forum might not be the best for you (and asking about Zen business for LLC creation tells me it’s not the case).Another 2¢ bonus for you: - LLC as asset-holding entities are pass-through disregarded entities, with little to none tax benefits.

If you are younger, I would suggest being less focused on cashflow and more focused on asset accumulation (Rich Dad Poor Dad) at a higher grade.  

@Chris Rich Good point.

Even when I hear stories about investors that scale quickly, take on max leverage, partner up, etc. and get 28 doors in 2 years, it's either a situation where all details and context are not communicated (rich parents - for example) or it was a "just because something worked does not mean that it was a good idea" situation.You win the investing and real estate game by never being a forced buyer or forced seller and letting the compounding effect of time take over.

. - 6% cap rate reflects a nice safe part of Los Angeles, California, a prudent investment, not one that will make anyone rich overnight, but a place that higher net worth individuals park wealth to preserve it (imagine the depreciation write-off). 6% cap rate also tells us, right off the bat, that we're going to be in the ballpark of 60% LTV.- We will stipulate that this is hypothetical. 

Need to be well located and be amenity rich - I assume this to be true in quite a few markets.