Leveraging Farm Land to enter the real estate investing market.
Hello,
New to this world and recently inherited about 700K in farmland. I plan to start leveraging that land to pick up some properties. Plan on using Farm Credit for line of credit @ 3% rather than a regular bank@ 4.75%. Looking to aim for 40-50K purchase with 20-30K in rehab expected.
I'm obviously looking to avoid certain pitfalls with my first deal. Reading The BRRRR book right now. Mainly looking for advice on utilization of this line of credit. And what I may expect at the refinance.