I’m looking into purchasing a property at auction.

I get what you are saying that hypothetically if you were to buy the land first it would require $330K to take down the land acquisition but it would create a very inefficient capital stack, diminish returns for LP and make the raise more challenging.

My goal over the next two years is to buy an additional two properties.

To overcome these, investors should focus on smaller properties, value-add opportunities, expand into secondary markets, leverage creative financing, partner for scale, monitor development trends, network aggressively, and use market data tools for tailored advice.

I specialize in investment properties, high-end homes, and commercial real estate, and I run Updegraff Group Realty, a full-service brokerage that helps investors not only find and fund deals but also manage construction, optimize returns, and scale their portfolios.Financing Your First Deal Without Using Your Own MoneyIt’s a common question, and the truth is—it’s very doable, but it requires strategy and relationships.

Only properties that are grandfathered in. 

I am purchasing my first rental property (multi-family) unit in Salisbury North Carolina. 

@Katie Camargo Don't expect the acquisition lender to provide better terms.

He knew the person selling this property and asked if we were interested.

For the majority of the properties we manage for our clients, we pass the yard responsibilities to the tenants.