Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Brian DeLorme Borrowing from a 401K to purchase a rental property
4 February 2020 | 13 replies
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.
Yengkong Sayaovong 401k to purchase investment homes
6 February 2020 | 2 replies
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.
Michael Nevarez IN NEED OF A LOAN TO PAY PERMIT CITATIONS AND PERMIT COSTS
6 February 2020 | 7 replies
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.
Carla Marie NYC-based newbie investing in Atlanta!
5 February 2020 | 11 replies
Our year one goal is one flip per quarter, and from there want to incorporate buy and hold into our strategy as well. 
Derek Larson Tracking Expenses with separate credit card for tax only
5 February 2020 | 8 replies
For instance, if you pay utilities, US Bank cash+ card allows you to choose categories that includes 5% cash back on utilities spending, $2,000 in spending max per quarter.
David Martin Househacking: Dealing with Draconian HOA CCR's
4 February 2020 | 3 replies
The literal only other residential that was allowed on the property that was not part of the main dwelling unit was for the purpose of "servant's quarters".
Marcus Bartels Manage from a Distance - What to do with Keys?
5 February 2020 | 6 replies
Keys are the least concern... move in, move out, maintenance issues, quarterly checks on the upkeep of the unit, etc.
Paiea Palomanu Recaulking Bathtub for bathroom
5 February 2020 | 7 replies
Towards the middle the gap between the tub and the Tile was getting significantly bigger then a quarter inch.
Lin Ding How to fund a 8-unit Apartment Building
5 February 2020 | 1 reply
The building sits on two corner lots (about a quarter of an acre) with plenty parking spaces, access and redevelopment potential. 
Lin Ding How to fund a 8-unit Apartment Building
5 February 2020 | 3 replies
The building sits on two corner lots (about a quarter of an acre) with plenty parking spaces, access and redevelopment potential.