-Sam

Originally posted by @Sam Van Horebeek:It has been surprising to me that we see many Chinese investors buying houses in Atlanta.

Totally different skill-sets involved.Now, one of my partners, @Sam Grooms was just telling me all about how someone he knows signed up for $25,000 guru deal.

Thanks Sam. 

@Sam Shukla Is that SF or MF?

Thank you very much @Sam Shueh

Please note that you are obligated to pay back their 401k (regardless of the performance of your real estate investment).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).If you are self-employed with no full-time employees & you can rollover the funds, you could set up a Solo 401k, rollover the funds and take a 401k loan from the Solo 401k.2) Regarding taking a distribution from a 401k plan and then paying back within 60 days: the issue here is that there is a 20% withholding requirement so if you distribute $10,000 you will receive $8,000 (since 20% is withheld) but you will need to deposit $10,000 within 60 days so you are effectively providing Uncle Sam with an interest-free loan equal to $2000 since you won't be able to recoup those funds until you file your taxes.

Personally, if I saw the investor's package with a 5% financial services fee, I'd pass on the deal unless you have Warren Buffett's or Sam Zell's track record.Just my 2 cents

@Sam Shueh thank you

Sam