You put $287k in the bank and earn $14k/yr.

Traditional bank loans can be slow and have strict requirements, while hard money and private lending seem to offer more flexibility.For those who’ve secured funding before, what’s been your experience?

If you're focusing on rural properties, sometimes local community banks or credit unions are open to these types of deals.

I have a contact at a military contractor that has employees transfer in for a 3-5 year gig.

Well, what would be happening is that your buyer would be buying your house subject to the existing note, since you can't legally sell the property without paying off that note or transferring the debt to the new buyer.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

In addition, you want a separate bank account for the rental property to separate it from your personal accounts.

Learning that I prefer money invested in real estate over money sitting in the bank... don't we all?!

We have a 3% rate so dont want to refi but the property has appreciated quite a bit so would like to tap into that equity to fund our next deal.I am having some trouble finding lenders that offer helocs on investment properties.Does anyone know of any banks and/or lenders that do helocs on investments?

I completed my AA in business at a 2 year school, transferred to a four year school to finish up my finance degree.