Asset rich/Cash poor situation

[Richard Edgar]

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 to leverage all  this equity if I find any good opportunity(s)?

[Jason Park]

Quote from @Richard Edgar:

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 to leverage all  this equity if I find any good opportunity(s)?

 Hey Richard! 

Seems like a lot of investors (including me) can be in these situations from time to time!

Good news is you can always leverage your land/home. From what I am reading you have 1 parcel that has a home and 2 parcels that is just land correct?

You can most likely just sell the land and do a cash out refi on the property. 

Hope this helps!