My physician uncle, an immigrant who moved to the KY 30 years ago, complains how his med interns/students are leaving KY to go to other parts of the country where there will make less money.

My uncle wants to invest using an FHA loan.

Originally posted by @Yonah Weiss:Originally posted by @Roger Steciak:BP Rewards are applied nudge theory (I enjoy getting them also).Interesting theory.

The topics, the professionalism and the knowledge you gain from REIA is absolutely priceless.We meet 3 times monthly including a round table 1 on 1 for dinner at Bigboy and Breakfast at Uncle John. 

I am interested in forming a business partnership with my uncle.

Are there any other strategies out there for making your money work for you, but still keeping it “safe” while you wait for Uncle Sam to come calling?

I want to avoid investing in “hood” areas where it is les expensive like Inglewood due to stories my uncle (a landlord in Long Beach) told me when he bought 62 units in Long Beach about 20 years ago.

Dan from Uncle Dan's?!?!?

Just bought a 5 unit storefronts in Rogers Park, IL. 

If you did this and either held it for a year (I️ believe that is the standard, but I️ would confirm with the banking institutions you want to go with), you could then refinance, pay off your land contract and pull cash out if appraisal came back higher.Your original thought process is correct in that a bank wants the 20% (I’ve seen closer to 25-30% on commercial loans until you build relationship) to protect themselves from fluctuations in value, but they also want skin in the game.Good luck,Roger