But here's my question: If one spouse is NOT drawing external income, they are not able to take advantage of 401(k) sweet tax deferred options.

You just took a giant leap in the right direction; signing up on Bigger Pockets!

That way, when you hit your 60s, you're debt is notably down, your profits are up and you can do a straight cash-out refinance if it proves better suited when the HELOC blows up.

@Dalton RiepThe main issue you have here is income (lack of it due to college hours, still working on degree to get higher paying job, and not able to save up down payment, perhaps not enough work history, etc.)So, how could you fix that?

Not able to leverage your money.

Purchase price: $159,000 Cash invested: $10,000 Contributors: Steven Primiano purchased my first home using a first time home buyer program from a notable bank (3% down, but this isn't an FHA).

The same lending laws apply whether the loan is from your Aunt Mildred or a giant mega HML at a fancy address.

I was told I can easily make double my money back in 6 months, so far I have not able to make a cent with their program.

If you are not able to do this then I suggest some learning on valuation techniques would help.When Warren Buffett buys large positions in companies he does so knowing from his own past performance that his method of valuing an asset is profitable, so he acts on those valuations.

It is a notable expense.