Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 2 years ago, 02/09/2023

User Stats

2
Posts
0
Votes
Gary Hardwick
0
Votes |
2
Posts

Looking for some Options

Gary Hardwick
Posted

I'm in a bit of a conundrum. My wife and I purchased 10 acres in Rockford, MI back in January of 2021. We closed on a construction loan to build a 5000+ square foot barndominium. However, we picked the wrong contractor and the wrong bank for this project. The bank over advanced the contractor, he tried to walk away with our funds, we got him to come back, yet he wasn't able to satisfy the bank's stipulations and now the bank has pulled funding. There is more to the story, and I can tell it if an investor wants to hear it, but in the meantime I'm looking leads on who to talk to that might have the stomach to help me out, or give me some solid advice on my next move. 


I have a list of all the work completed, the amount we have into the project, plans, renderings, and a presentation of where we are. I have a company working on a solid cost to complete. I'm hoping to get hard money to complete the build and do a cash-out refi. Another option is to complete the build and sell it. The last option is to dump it. If there are any other options that I'm missing I'm open to hearing about them. 

Thanks in advance,

Gary 

Loading replies...