But if you don't need the cash flow, and you're getting a great deal, then I think it's a good alternative use of your 401-k funds.

I guess the alternative is to whine about it.

If it is a contribution type plan (old 410K type) we don;t have a clue.See your personnel department, you attorney or advisor to look into the alternatives.

The alternative is to find another agent who is hungry for business.

Richard,I am a transactional funder and TFs usually have an extended transactional funding program that can accommodate your 30 day turnaround.HOWEVER, TFs require that end buyers have cash or a commitment from a lender already in place at the time you do the first close (AB).Therefore, in your situation where you don't have an end buyer, this won't fit the bill.However, an alternative would be to wholesale to an all-cash rehabber.

I agree that an alternative is to ask for an increase in the credit limits on your cards.

Paragraph 9 states: Buyer agrees that property cannot be sold or otherwise transferred within 30 days of closing; Or 90 days if transaction is approved under the Home Affordable Foreclosure Alternatives program (HAFA).You will need a transactional funder that will allow at least a 30 day holding period between the A-B and B-C closings.

We both have great credit.We have been purchasing relatively low priced houses with cash, and now wonder wether we should "up" our price range for the sake of getting financing, or keep our strategy the same and look for more alternate forms of funding.

I’m very happy with my current employment, but have set a goal of doing real estate full time when we can make the transition.Changing the topic a bit: My wife is super conservative and is hesitant to entertain the idea of alternative financing such as seller financing or hard money loans.

Hope my question is worthy of your attention.Seems the best alternatives for an overseas cash buyer for REI in US can be listed as:1. do seller financed2. rent and hold3. do some form of partnership with a local player4. do private lending5. do wholesaling (don't actually understand what that it all about)6. did I miss other options?