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?

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?

And yes, we always coordinate our visits with the tenants and send an email ahead of time explaining what we do and where we'll look.  

Anderson did explain to me that there is a workaround with this fee but all this layering different entities for their costs is going to cost me more than an LLC I'll set up on my own.

@Kayla Elliott  Hi Kayla - this was a commercial mortgage loan with a local bank, that held it "in house" after it was issued. 

I attended the presentation but it ended without explaining that.

If you don't mind, could you explain the issues you ran across with permits.

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

Don't leverage your property with a bank.  

An appraiser is not going to use single family homes on the appraisal if they do the bank/lenders Underwriter 100% will ask for more comps that are mobile/manufactured to be compared to subject property.