There is no current mortgage on the property. We would like to take 2 acres of my wife's parents 6 acres and build a house on it. Obviously, they are ok with it. The problem is that it costs 20k - 30k to subdivide which we do not have. Can we finance that somehow using the land as collateral. The 2 acre lot would be worth approx. 500k. Thank you
Read more: Can you finance the cost of subdividing land that our in-laws own outright?
