Please be sure to select a Solo 401k plan provider which allows you to take a loan and will prepare the required 401k loan documents.The repayment terms are equal monthly/quarterly payments (as you prefer) of principal and interest (e.g. prime + 1%) spread over a 5 year term (or longer if you will use the loan to purchase your primary residence).There are no prepayment penalties and no restrictions on what you can do with the proceeds of the 401k loan.Please note that you are obligated to pay back their 401k (regardless of the performance of your real estate investment).As an alternative to taking the loan, you could even purchase the investment property directly using funds in your Solo 401k (assuming you select a Solo 401k plan provider which allows you to invest in real estate).

If the sponsor has matured to a level that includes 3rd party administration, they are much more likely to deliver as promised.A properly run fund should never have difficulty delivering a quarterly distribution. 

Stay away from the French Quarter late at night.

Here's a clip from the article in the Gazette:  Colorado Springs continues to be one of the country’s hottest housing markets, a federal report released this week shows.Local home prices spiked 11% in the fourth quarter of 2019 when compared with the same period a year earlier, an increase that ranked No. 2 among the nation’s 100 largest metro areas, according to the Federal Housing Finance Agency.Only Boise City, Idaho, with a 12.7% gain in home prices, had a larger increase on a year-over-year basis, the agency’s report showed.

I lived in one, rented out the other two, refinanced out of it, took the money and added a fourth unit,  lived there 10 years, then used the VA again to buy the single-family I live in now.

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.

We are currently building a home in North Port and it will be built by the second quarter of next year.

Central Arkansas posted gains in all 4 quarters but still finished next to last in the State at 3.6% growth.

I house hack in my property and collect rent so I'm trying to decide if I want to apply the rental income to my actual income.I also am looking for a tax professional I can keep meeting with on a quarterly basis when my business starts to pick up.The last tax professional I worked with did not do the best job so I would love any and all recommendations!

At that point, the tenant, who had ignored previous communication, responded that Grandma is just "visiting" (NOT what she told her caseworker), and that she DOES have a bed in a specific nursing home, that they were just "trying it out", to see if they could manage keeping her with them, and that if they could, THEN they were going to ask if they could have her move in with them, and that meanwhile, one of the bedrooms in the house would be dedicated to her exclusive use when she visits, which means that they are packing 7 children into two bedrooms, with the fourth bedroom set up with a walker, oxygen, all Grandma's needs for when she "visits" but there's not much I can do about them stuffing 7 kids into 2 bedrooms, while keeping a guest bedroom.