You won't get banks buying into construction loans as that is one of the most riskiest types of loans.You can find alternative financing but will not like the rates and must get things finished on time or will be eaten up in costs.Is the area strong for rents for the type of project you are doing or is there over saturation??

just replaced all the stolen copper pipes with Pex, a little less expensive than copper and no one wants to steal it. as for the thieves that stripped the copper wire, i have no alternative.

The newsletter also has info about my private lender program ( I alternate this info ).

Besides being a huge Fed fueled ponzi scheme I don't like the stock market because I cannot control what the companies listed on the stock exchange do, including accounting fraud.

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.