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.

Btw I have access to an outstanding GC.

Brian Sheldrick @ Capital Communications FCU - Cap Com is a outstanding lending partner that we have and will continue to work with for all our acquisitions.

Brian Sheldrick @ Capital Communications FCU - Cap Com is a outstanding lending partner that we have and will continue to work with for all our acquisitions.

, to start the process all over again.LA is an outstanding market for buy and hold RE. 

That would be outstanding!

@Julia Kulbatzki while it is difficult to point to one that consistently outstanding, there are a few that seem to do quite well overall.

I always submit a FOIA request (Freedom of Information Request) to the city before I buy to confirm zoning, fines, judgments, violations, outstanding water bills or other issues, ongoing code enforcement issues, etc.  

And you only get charged on the HELOC on the money outstanding. 

For example if the loan is $100,000 you may pay 3%, so your balance outstanding starts at $103,000.