On the opposite side of the coin you can buy land for storage units in places where the land can't really be used for anything else (Near RR bridges, highway off ramps, etc..) .

If not, it's best to wait until the house is built, pay the bridge loan, then finance when completed.

Actually, On a bridge loan he can cash out on a listed property with no pre payment penalty.

Bridge loan rates have ranged from 8-12% depending on market conditions and the cost of capital.

I have a short term rental in McKenzie Bridge, OR that I'm doing a cash out refinance right now and just got the appraisal report back.

@Heather Carrow when you say hard money loan, are you more referring to just a private loan in general, or specifically a short-term/bridge loan (i.e 6-18 months) that is used either for the purchase + rehab or the home, or just the purchase of the home (but on a tight time frame) with an interest rate of around 9%-11% and 1-3% in origination fee?

Ended up getting a bridge that helps the signal from the router to the door (if too far it drains the battery and that's your worst nightmare).

We are about 60 to 90 days out from closing, but we have a gap to bridge between our B to C (Us to Builder) and A to B (Seller to Us) transactions. 

With your available cash and your credit score, you'd likely qualify on your own for a bridge or a DSCR loan.... so Id say start analyzing properties.

Once you understand the ins and out of real estate financing you will understand the creative financing wholesale, bridge loan, etc will be no brainer.