If you buy raw land at a deep discount. For example pay 10k and the property can appraise for 100k. I can refinance your property for cashout for 70k to help your cashflow to buy more land! Bad credit is OK 400 fico scores, no paystubs, no tax returns stated income, Easy approval. Minimum loan amount 75k. So the land value with appraisal needs to be 100k or higher to be eligible.
Regards,
Brian