![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1087498/small_1621508670-avatar-pradeepvnj.jpg?twic=v1/output=image&v=2)
13 April 2024 | 26 replies
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.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/208486/small_1621433308-avatar-michael_plaks.jpg?twic=v1/output=image&v=2)
11 April 2024 | 2 replies
Yes:- file state tax extensions if you have state income tax- make estimated state tax payments- file amended 2018 returns if needed, unless you filed a 2018 extension in 2019- make1st quarterly estimated payment towards your 2022 taxes- adopt a dog from your local shelter
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1292924/small_1729778658-avatar-andreasm5.jpg?twic=v1/output=image&v=2)
11 April 2024 | 3 replies
Mortgage interest rates will remain elevated for a longer time period and I am estimating we won’t be back to an attractive rate - below 6%, where folks storm back to the market and feel comfortable leaving their home w/ a low interest rate mortgage - until the 2nd or 3rd quarter 2025.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2447487/small_1651253475-avatar-kennybsimpson.jpg?twic=v1/output=image&v=2)
9 April 2024 | 64 replies
I expect fed to increase its rates at least 2 more quarters and would not be surprised if it is significantly more than 2 quarters.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2989925/small_1712383138-avatar-deann27.jpg?twic=v1/output=image&v=2)
10 April 2024 | 11 replies
It has no secondary market and the investor can only redeem once per quarter, assuming there isn't a flood of redemptions.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/503407/small_1648519773-avatar-justins86.jpg?twic=v1/output=image&v=2)
14 April 2024 | 885 replies
I just don't want people reading this thread they'll be pulling in a quarter million of credit cards.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/911016/small_1633709656-avatar-hoan3.jpg?twic=v1/output=image&v=2)
6 April 2024 | 2 replies
Most are set up in 4 separate quarterly draws.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2736564/small_1707157500-avatar-stefanf19.jpg?twic=v1/output=image&v=2)
5 April 2024 | 27 replies
Then divide them up 2024 for each quarter of 2024.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1734304/small_1621515134-avatar-donac4.jpg?twic=v1/output=image&v=2)
4 April 2024 | 42 replies
Calculations are made quarterly, within one month after the end of each quarter.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2930705/small_1706242415-avatar-marcusb256.jpg?twic=v1/output=image&v=2)
4 April 2024 | 5 replies
A 203k is a renovation loan which may be what you intend, but if you are going to remain active in the military, you won't be home enough to supervise an FHA 203k renovation which requires 4-8 inspections just on the FHA side and quarterly draws.