I was looking into selling the rental property but would need to use the capital gains to payoff the 20% down.

I currently own a single family home with approx $300k in equity in Long Island NY and looking to get some insight. 

I make a little over 100k a year and have 50k currently ready for a down payment. any insight would be helpful. 

Additionally, consider other factors such as potential appreciation, tax benefits, and long-term wealth-building potential.Lastly, don't hesitate to seek advice from experienced real estate professionals, such as real estate agents, property managers, or mentors, who can provide valuable insights and guidance as you navigate your first investment. 

It's more likely to be in the PMs interest to provide the data since it may result in gaining a new client.

I already have my team trusted team and I want to expand my portolio of STR offerings in the city without buying at the moment.If you have any insights or recommendations on where to find such properties, I'd greatly appreciate your input!

Based in Atlanta, Georgia, I've dedicated over a decade to transforming the real estate sector, leveraging my expertise to not just predict market trends but to create them.Why I'm Here:To share insights, forge lasting partnerships, and drive a paradigm shift in how we approach real estate investing.

The most straightforward way to look at it might be "investors hold assets longer than one year", since 12 months is the time when you go from short-term capital gains to long-term capital gains. 

It has allowed me to gain wealth faster than renting, but now I find acquiring the next property very daunting.

Although my current gains are not a lot ~100K.