Finally made the jump and just bought our first vacation rental.My longtime girlfriend and I emptied out the account and put 60k down on an amazing 300k vacation rental near Bass Lake and Yosemite National Park.By conservative estimates, it should cash flow over $1,000 a month after ALL expenses.As I am still learning on the fly here, I am most interested in the next steps in acquiring the next property (and the next, and the next).The house should appreciate some throughout the year, and it is nearly turnkey as it was wonderfully taken care of by a family for 40 years, so we won't be adding too much value with remodeling.My main question to the BP community is "What's the best options to finance our next purchase of a rental property?".

What are some ways that I can avoid capital gains on some land that I want to sell?

Loan stays in your name.If you can make the higher rates work you can do 30 year fixed at 7-7.5 percent interest from some of those national portfolio lenders like corvest finance.

You're not alone - plenty of BP members live in pricey markets and have to go out of state to make the most of their capital.

I have some liquid capital, not much $14,000 to be exact, I know as a new investor acquiring hard money would cost me some skin depending on the deal.

I don't think we're going to be able to come up with enough capital to do it in one shot.

He seems to be very pro business and wants to make Inglewood the sports entertainment capital of America .

I’ve actually found a few good properties already in a college town I’m familiar with and I know a realtor who’s a friend of mine in another college town.. just need some capital to start.If you have any tips let me know.Good day!

We're the location for the upcoming World Equestrian Games, being held at the Tryon International Equestrian Center.You can find great artists in the River Arts District using many different mediums for their expression.We have mountain views, hikes, state/national parks, the French Broad River, Kayaking, Fly Fishing, Mountain Biking, good food, beer, and wine. 

The Old Capital Podcast has been really good for me as well as just getting out and trying to establish relationships with folks.