Hey Guys,
I wanted to reach out here in the hopes of securing a two week loan. My question is can land be used as collateral? I own about 2.5 acres in Kern County (sot hot LA) which is worth about $11k. Before asking for details etc on a loan I wanted to see if this is acceptable. I read the forum rules and it wasn't clearly states. So please spare me before any negative feedback.
I have been here for over 2 years. Happy to chat on the forum, dm, etc if this is an option. I personally live in the Silicon Valley area and work for one of the prominent tech companies out here. Happy to connect on linkedin.
If this is an acceptable source of collateral I would like to speak. I have other options in mind, such as season tickets, or tangible items. Appreciate the help from you all, just trying to learn.
The period of the loan would be two weeks, until 5/18. And the amount seeking is .5 btc at current market value of this message. Open to discuss interest and loan terms, however wanted to see if this is even an option first.
No fair question, since the value of the land is only $11k it did not qualify for the minimum value to have loan against through the bank. I am up in Northern California while the land is in Southern California.
You should do it locally with someone because doing it online is costly and not as easy since people need to travel there, which would be more than what youre asking. You should try a P2P lending site where they could take the land into account.
