It's up to you and what you want to do? How much equity do you have in your current home? What's the real estate market like in your area, or how hard will it be to get your money out of the current home? You say the tillable ground is rented, for how much (cash flow is cash flow it could help cover the debt or your property taxes) Wooded land? what's the market for timber in your area, do you have marketable timber.
I guess what I'm saying is don't look only at the debt but look at revenue the farm could or would throw. Heck were I live in Iowa if your folks still had the 200 acres they'd probably be able rent it for close to $60,000 a year
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Today's Featured Article - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
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