Love that you're diving in with something close to home; that familiarity can be a major advantage when you're getting startedFor your first deal, especially if you're not planning to scale quickly and are using conventional financing, it usually makes the most sense to buy in your personal name — and here’s why:Most traditional lenders (especially for BRRRRs using a purchase + refinance strategy) offer better terms, rates, and flexibility when you buy personally.

Do you realize that most owner finance deals revert back to the original owner.  

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*This link comes directly from our calculators, based on information input by the member who posted.

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*This link comes directly from our calculators, based on information input by the member who posted.

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*This link comes directly from our calculators, based on information input by the member who posted.

If not, go back to square one.Since you have experience, you are likely falling into the trap of overthinking based on your lack of confidence with the financial projection part of the deal, but it's not as important as your knowledge.You need to know the true value of the target, the potential ARV, and you already know the rehab costs.

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This is my first land deal, so I want to make sure I’m covering all my bases and maximizing my return.