Updated almost 11 years ago on . Most recent reply
Pulling farm land equity for down payment
I'm still in the research stage of moving into multi from my current SFR strategy. Little equity in that currently. My parents own 100 acres of farmland. They are in their 70's and the property and house will be willed to us kids eventually. Would it be wise or even possible to pull equity now to use as down payment on 5+ multi unit type buildings. Obviously this would currently be a note under my fathers name. If anyone has any experience with such things I would love to hear about it.