If you have a strong track record of buying properties with built in equity AND cashflowing well with them, then you may be able to find somebody to bankroll you.

I would rather mitigate my risk as a new investor by risking 20% of my bank roll on my first deal than risking 100% on my first deal.

Maybe he has a huge bankroll and is well aware of what the property is worth.If the property was previously used for a motor home dealership, its probably mostly vacant land, with maybe some crummy office structure.

It just costs too much and if you don't get your cash buyer quick enough, your profit and bankroll disappear quickly.

We live in the KC area and plan to BRRRR here for awhile, starting with sfh in Missouri suburbs like Gladstone, Independence, Raytown, and eventually moving our way into Johnson County on the Kansas side (maybe Prairie Village) when our bank roll gets big enough.As to who we are, she does hair and is at the top of her field in an upscale Aveda salon.

Play within your bank roll. 

Yes I gave up a lot of family time for this first one however it will be all worth it once that bank roll is no more an issue and I will no longer have to show my face to these flips.  

I plan on selling it this year and using the proceeds to bankroll my next investment binge.

I would advise against starting your REI career on home projects and blowing your whole bankroll on your first project.

We are on well and septic and know a lot about those factors, but having never developed a large tract of land before, I still have lots of questions about improving the land, adding roads, partnering with builders, and the big issue; bankrolling this thing.