Not sure a refi would accomplish it if you just put those funds into the market, which presumably would get priced down when we flip from inflationary environment to recession. Perhaps if your use of the funds were paying off higher cost debt, or some other purchase you intend to hold longer than an economic cycle.
However, taking long term investment money and better on land value rides inflation up and tends to be stickier, not pricing down when the bubble pops. (Land, not improvements).
Meanwhile purchasing it with low fixed rate interest and then paying that back with deflated dollars in the future is sort of an additional positive on inflation.
You are limited to the size of cash flows you can afford to service the note (unless you are wealthy enough that a bank offers you something with no amortization, which isn't many people)
I know quite a few wealthy and financially astute Texans who have made large acreage purchases over the past 18 months. This includes some wealth managers, cfos and bankers.
