Posted by Steve_Atl on May 30, 2000 at 09:29:48:
There are several ways to use it. You could use it as down payment. You could sell it and use the proceeds to invest in REI. You could use it as additional collateral to make a seller feel more secure.
It depends on your needs and opportunities. Can you sell it quickly for $28k? Is it in an appreciating market?
Since it is not producing any income now, I would sure be looking to convert it into properties that do produce.