A new future real estate agent and real estate investor here!

If the bank will call their note if you commit to the transfer you can also check out this article as one strategy that has been used to work around the issue.This is not legal advice, just my opinion as a real estate investor.

Quote from @Griffin Malcolm: Open an LLC and apply for a small business line of credit from Key Bank.

Quote from @Tyler Magee: Hello everyone, I’m looking to get into real estate investing.

I'm originally from Kentucky and moved to Palm Beach County to pursue real estate full time.

@James TobinJames, congratulations on deciding to take the first step into real estate investing!

One way would be to get the real estate under contract, then bring an experienced partner in who also has access to capital, and stay in the deal as a minority equity partner.

Good luck with your real estate investing journey.

Quote from @Jaycee Greene: Assuming you pay asking price, I'd estimate the down payment for something like that using a hard money loan (HML) would be around 40% of the purchase price and your monthly payment would be $2,600 with an interest rate in the low 7% range (probably need a 700+ credit score to get that).

I think you run a real risk of your second rental eating up the profits you're enjoying on the first one.