Please note that per the multiple loan rules, the amount of the loan must be reduced by the highest outstanding balance of any other 401k participant loan over the prior 12 months (regardless of whether such other loan is currently outstanding).Monthly or Quarterly Payments: The loan must be paid back in equal monthly or quarterly payments of principal and interest.Interest Rate: The interest rate is equal to prime plus 1% (or CD rate plus 2%) and is a fixed rate that is set at the time that the loan is taken.Term of the Loan: Five-year term unless the proceeds of the loan are used to purchase a primary residence in which case the term of the loan may be up to 30 years.First Payment:For monthly payments, the first payment that would otherwise be due is delayed until January 2021 (e.g. if the first monthly payment would have been due on May 15, 2020, it will be due on January 15, 2021).For quarterly payments, the first payment that would otherwise be due is delayed until the first quarter of 2021 (e.g. if the first quarterly payment would have been due on May 15, 2020, it will be due on February 15, 2021).EXISTING LOANS:The CARES Act which was enacted to provide relief to individuals impacted by COVID-19 allows for increased 401k loans and more flexibility for repayment of these loans.Specifically, you must be an individual who meets one of the following conditions to demonstrate that you have been impacted by the crisis (and it will be your responsibility to retain documents in your files that demonstrates that you are a qualified individual):Individual who is diagnosed with COVID-19, with a CDC-approved test;Individual whose spouse or dependent is diagnosed with COVID-19, with a CDC-approved test; ORIndividual who experiences adverse financial consequences as a result of being quarantined, furloughed, laid off, having work hours reduced, being unable to work due to lack of child care due to COVID-19, closing or reducing hours of a business owned or operated by the individual due to COVID-19; or other factors as determined by the Treasury Secretary.If you meet the above conditions:You may delay making any 401k loan payments due between 3/27/2020 and 12/31/2020.You must commence making loan payments in January 2021 (or the first quarter of 2021 if your loan payments are due on a quarterly basis).If you elect to delay making such loan payments, the term of your loan will be appropriately extended.

Outstanding! 

Unfortunately there are some unproven or bad syndicators and their marketing makes them seem Outstanding.  

The other financed properties reserves amount must be determined by applying a specific percentage to the aggregate of the outstanding unpaid principal balance (UPB) for mortgages and HELOCs on these other financed properties.

I'm confident you can find some good deals and make some outstanding connections.3. http://www.oklahomacounty.org/assessor/Spend some time searching property records in the County you desire.

@Frank Geiger the plan is to fix the home fast so we can rent it out ASAP and stop the cash bleed.The issues:- I have two full time high paying jobs and little time to work on the home- My wife is 8 months pregnant (enough said there)- We do not have enough in savings to just throw money at the problem (see the bad kitchen remodeling decision for reasons why we have no money)In reality, we’ll keep chipping away at the house until we get to a point where with a month or two months worth of mortgage plus utilities we can hire someone to complete the outstanding work.

Hurts sellers credit.Seller tries to buy a new house but cannot qualify for a loan as they have an outstanding mortgage in their name.

A 20% cash on cash return would be outstanding, IMHO. 15% more realistic.

The seller's attorney will write a check out to the bank for their mortgage payoff (I'm assuming its not underwater), write any checks necessary for outstanding taxes, conveyance taxes, recording fees, legal fees, etc... and then write a check to the seller for whatever remains.As far as your wholesaling fee - that all depends on how you structured the deal and the contracts with both the buyer and the seller.

Paul,That's outstanding, Im curious as well about what areas.