All of the delays on FHA fundings for apartment complexes is pushing many of them to seek out financing alternatives.

I have began looking at condos on auctions because there are no MLS deals at the moment and the inventory is so low that I have begun looking at alternative places to invest in.

I feel as though if you decide to take the investment, that it should be treated seperately from his contracting work on the property, partly for documentation purposes, but also so everyone has clear expectations to responsibilities.I agree that having a stake in the deal would most likely motivate him to pay extra care to work quality and deadlines, but im not sure if you will be able to necessarily get a better deal on repairs from conflict of interest; as an investor he makes more from cheaper rehab, but as a contractor that's his work income.OTOH, if this makes him more motivated to come up with creative/alternative methods for cutting costs, that would help both sides of his profit margins.Is this something you need to make the deal, or just exploring for possible benefits?

"Carpet in a Can" is the cheapest alternative to floor covering, but won't fly in medium to upper end properties.I bought 6 properties in York County two week ago.

Many of them have already sought out alternative sources of financing.But for properties located in rural areas, FHA may be the only option as some markets are avoided even by private money lenders.

Everyone wants it all now, no one here on BP is ready for that, if you were you wouldn't be here.Those that may profit from your financing alternatives may suggest going that route, .... you lose!

What are their alternatives?

.- another alternative is a gas-fired on-demand water heater (no tank).

Buying a loan and having a borrower inquire about relief creates a situation where alternatives to foreclosure are likely mandated by state and some federal law.

Try calling/emailing around to see what you can find in your area though.An alternative would be to go the commercial financing route.