I want to thank the biggerpockets community for all the information that you guys are sharing and hope to gain experience so I may also contribute to this community.

@Dan Silverstone Your best bet might be a local community bank or credit union on their portfolio or commercial lending side.

Tina and Joseph go back to the same bank and get a home equity loan for $360,000 to buy a turnkey rental property in Jacksonville run by an extremely reputable management company that provides a steady $200 in cashflow a month, great passive investment with excellent appreciation potential, just like the BP community told her.For the next five years they continue to pay off the original mortgage and the home equity loan, and by 2013 they owe $70,000 on the original mortgage and $305,000 on the home equity loan.

Offering your contract at public auction, in my opinion is a great way to gererate interest and to expose the property.As a professional auctioneer - depending on what price you are in for and what you will accept as a net-equity profit - I would suggest a reserve public auction (you'll have more participants if you do an absolute auction).Not all auctioneers are good at marketing real estate - you'll need to interview them - you'll need to know the following:how much advertising money do they want up front to market the property, commission, time frame, how many real estate deals have they done, are they honest, will they do an assignment, are they respected in the community, where will they market your deal, get references, are they authorized to conduct real estate auctions?

It is a great community.  

Its about he same price as 6 credit hours at a community college.

Hello BiggerPockets community.

Hey BP,Curious if any owners out there can comment on vacancy rates in the local mountain communities.

@Michael Mundy Welcome to the Bigger Pockets community! 

This is the landmark case that created checkbook IRAs that many people mention in the BP community.