Hey BP PRO community,I’m working through a land deal right now and wanted to get input from investors who’ve successfully navigated vacant land acquisitions.Specifically, I’d appreciate insight on:•How you decide between partnering vs. using private/bridge capital•Common pitfalls you’ve seen newer investors run into on land deals•How you think about exit strategy first when structuring the purchaseNot stuck just looking to learn from people who’ve executed similar transactions and refine my approach.Appreciate any perspectives or lessons learned.— Tre’von

Any must-know pitfalls? 

One common pitfall is “double-dipping,” where a landlord charges a re-letting fee and then also collects rent from a new tenant for the same time period.

It's often best to contact the county tax assessor to understand how their process works.Another common mistake is the target rents. 

I’m trying to get clarity on: • How lenders typically underwrite mixed-use assets like this• Whether garage-based commercial income can be counted toward DSCR• How private lenders usually structure mixed-use loans (LTV, rate, term)• Whether bridge financing makes sense for this type of purchase• Any common pitfalls when financing C-MX-3 urban infill properties• If anyone has experience combining residential rent + small commercial income for underwriting I’m not looking to advertise or raise capital here just want to make sure I’m structuring this the right way before moving forward.

What are the major "oh crap" pitfalls of this investment class?

It's not in an LLC or jointly, just his name, but Texas is common law. 

One common mistake I see and a lesson that applies almost everywhere comes up with by right multifamily projects.

Any structuring or family partnership pitfalls I should think about early?  

I joined BP to network with local investors, learn from everyone's deals, and share what I've picked up along the way (like common pitfalls in scoping rehabs, vetting subs, or spotting hidden costs during walkthroughs).