I regularly temper my opinions because I know many of the big-city BP employees and BP participants have a leftist bent and I'm supposed to be here to help people, not start fights.2.

Here are some important facts with respect to borrowing against the 401k: 1) It must be a 401k, once you rollover your funds to an IRA, you don't have that capability. 2) You can only borrow up to 50% not to exceed $50,000. 3) You must make at least quarterly payments, with an interest rate set usually at prime + 1%.

Jon Green vs Remi Lyman is the fight we didn't know we needed! 

@Nathan Gesner Not trying to pick a fight here…you’ve posted 26,000 times I don’t care to go back through your posts to find one in 2023 that’s consistent with what we both agree on….that 100% anonymity is not achievable.  

You'll be fighting an uphill battle if you don't conform with these codes. 

Tenants and investors in general don’t care for their buildings as much/well as residential owners  (who fights reserve increases and special assessments the hardest - investors).

Also, I normally try not to call out people or pick fights on social media, but please do not refi your loans into DSCRs thinking this will fix the problem.

Eventually when the property sells, you will have long-term UBIT, which is about 20%, and remember the carry forward loss capability.

It doesn't require all the finesse that wholesaling does - you have the money, you buy the property - regardless of your personal capabilities.  

Only people to fight me on this is the ones who sell them.