If you work for a large company you may have a more complex 401k plan which allows you to take a longer term loan for a primary residence purchase.

She really sounds like a sweet old lady.

I remember a new big condo townhome project that a couple buildings in the first phase already had to have concrete pumped underneath the footings because of soil issues...while they were still building out the complex.

So there are three 2BR units in pre-foreclosure in an apartment complex all being handled by the condominium associations attorney.

It was a forty eight unit apartment complex and the most expensive and profitable property I showed him.

I figure these are great people to know, since they obviously have cash on hand if they are buying properties at Sheriff's sales.Congrats on this - these guys can be ruthless and sometimes only buy super bargains, but still, you now are connected with no doubt multiple millions in cash should you come across a super sweet deal.Not the first group to sell to (they are far from retail buyers) but it all depends on which ones you have met - I know in my area some of the courthouse steps guys are willing to operate on lower margins than other traditional investors because they are working on volume.

Ok, so getting back on topic, since my original post over 3 years ago, I had since went to a seminar put on by these guys and paid the few hundred bucks to see what it was all about.In a nut shell, they are taking what is a simple idea, but a complex transaction filled with risk (that you need to know how to manage) and licensing requirements, packaging it up as an easy, anyone can do it, and selling it off for large profits.The facts are this, it is NOT easy for anyone to do this without violating a number of laws and regulations, it is not easy to manage the risk, and building the relationships they speak of is also not a simple or easy task.

:What about installing a new bathtub - Trained handy man or Plumber Depends on the complexity.  

In a little mess with my TIC Tenant-in-Common investments, lost one Office complex, and trying to hold on two students housing.

It sounds like you have a very complex situation, where a bank may not feel like venturing unless everything else about your application is iron-clad.