Second appraisal came in as a c4 and at 240k value (woohoo 15k equity gain).After two extensions, a litany of repairs, issues with the four point and appraisal, I finally closed on the home 3/29/24.I put 5% down, expecting to get an additional 2.5% back from my realtors commission.

The repayment terms for a 401k participant loan are equal monthly/quarterly payments of principal and interest (typically prime plus 1%) over a 5 year term (longer if used to acquire your principal residence).Please note that if you take a full $50,000 and then pay back the loan, you can't take another $50,000 until 12 months after the first loan was fully paid back.Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if you leave your job and the loan is current at the time you leave your job but then the loan goes into default because you left your job, you will have until your tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).Please keep in mind the multiple loan rules:Under those rules, the sum of the balances of a participant's outstanding 401k loans under a single 401k plan (using the highest outstanding balance of each loan over the last 12 months) can't exceed 50% or $50,000 whichever is less.

A 1031 exchange will defer that and also defer the gain from the sale if you find that the extension doesn't apply to you.

I have not owned a venue before but have extensive event planning experience. 

Looks like a fixer upper and requires extensive improvements.ill check it out, but my guess is it will exceed what im looking for

I made my first million buying Preforeclosures and have dealt extensively in the field and teach the techniques.

Unfortunately the company I am leasing through does not allow extensions as that was actually my initial plan!

I will agree that this works for me because I have extensive experience rehabbing houses and feel comfortable overseeing the projects.

Initially, I rented the bottom unit to my contractor who did the kitchen extension / renovation.

I sent him a lease extension agreement and in the lease extension agreement it states that we are increasing the rent to $1,650 per month and we are requesting another $3,000 for escrow for a deposit to stay in month to month.