So I want purchase it as my first rental property it's going to need rennovations for sure not terrible shape just older rancher home.

We're crunching numbers and planning to make purchases this year in the self-storage space.

Purchase price: $550,000 Cash invested: $450,000 6 unit multi-family BRRRR.

Otherwise, you will have to explain the large deposit and possibly the source of the funds to buy the crypto.You can expect to need about 20 percent of the overall costs of the purchase and rehab.

Platforms like BiggerPockets, local REI meetups, and Facebook groups can connect you with investors seeking opportunities.Joint Venture Partnerships: Consider partnering with a seasoned developer or investor who can provide the capital while you contribute your vision and operational effort.Hard Money Loans: If you’ve identified a property, some hard money lenders may fund the purchase and development based on the future value (ARV) of the project.Crowdfunding Platforms: Sites like Fundrise, Groundfloor, and RealtyMogul cater to real estate developments and could be a great way to gather capital.Seller Financing: If the land seller is open to it, negotiate terms to finance the purchase directly with them.2.

I eventually want to build on the lot but for the time being, I want to purchase it so that no else buys it first.

You can also offer to lease with an option to buy to tie up the property until you are ready to purchase. 

@Tomoko HaleWith STRs its not just purchasing the property. 

While Treasuries are often viewed as "risk-free" investments, certain real estate deals in today’s market offer a compelling alternative—especially when purchased at a deep discount.Take, for example, a 1,000+ unit apartment complex in a suburb near Michigan.

If you wanted to diversify you could use the income and purchase other properties, slowly add other properties.