Willard,FHA has taken a bad rap over the years but to be honest it’s a great loan for anyone looking to use the banks money and keep your cash in the savings.

Many who want to scale  fail to take this into consideration,  take on too many projects at once, have no capital to advance the construction and ultimately get stuck in mud unable to advance any of their projects.

I have part of a 401K loan to payback and money borrowed against my HELOC.2) Maintain a yearly savings rate above 55% for 2025.3) Purchase another rental before the end of 2025.

So, essentially the money from the ultimate buyer can NOT be used by the intermediate buyer to close on their purchase since that would be using money from a purchase that can not occur until the prior purchase has been completed.  

I have not paid yet- pls help a senior citizen salvage his entire lifes savings!

There is also about 40% less inventory for Condos than there is for Co-ops.If you're mainly looking to invest in an apartment to save on rent and learn the market, I'd recommend a small multifamily (2-4 unit) investment.

Our ultimate goal is to get into real estate development along with buying rental properties.

HI @Jacob KazmierskiI would suggest saving a certian % you fee comfortable with and then put the rest into a high yield savings account.

This has saved me hundreds of thousands of dollars.

Increase earnings, reduce expenses, save, and invest.