Then the penalty is relatively low for going later than the 30 days.  

The song "Glory Days" should be playing in your mind any time you read one of his posts or as he waxes on how successful he used to be.

So kudos to you for going the distance. 

I’m hoping to forgo getting a lawyer and just use these standard docs since they’re very straightforward.

If you want to add to the complexity, during the 401K borrowing period you also forgo any possible gains since the money is not invested in the market.

Maybe you can help Erik.ThanksStephanie OK Thanks for going into more detail.

I went to a 6th grade band concert last spring, after the 5 songs I patted the kids on the back and told them what a great job they did and how well they played. :)The "mortgagor" is the borrower, motgagee is the lender.Misconception by new investors that FCs are profitable, most are not unless you're holding the property as a rental long term. 

I ended up buying the little lot of land for a song, its in Brookline NH about 2 weeks ago.

I have been a landlord for a single family for going on 5 years and to ignore equity accrual and income tax benefits doesn't begin to tell the story. 

Turned out the dishwasher was too old (couldn't get replacement kick plates), the beautiful stainless gas stove / micro set I picked up for a song that worked at the sellers home, somehow were trashed when we went to install them.