@Mitch Wittman@Tim BuckinghamHere are the general considerations regarding 401k loans.401k Participant LoansIf your 401k plan allows for 401k participant loans, the maximum loan amount is equal to 50% of the balance up to $50k.

Paint, Plumbing, Roof, Flooring, appliances.B- neighborhood.55,750 down payment + 20k in repairs.  75750 all in.Median rent for the neighborhood is 2k.532 cash flow.I already asked them to drop the price by 15k for us to remain in the deal. 

However, if you have a more extensive portfolio or plan to become larger in the next year or two, I would look for a double-entry system that allows bank reconciliations.

Second, what are your plans, moving forward?

Then, if you’ll indulge me, I’d love to pitch an alternative idea that might align with your goals—especially since you’re 3+ hours away and planning to use a management company.The Good: Renting to college students can be a goldmine for cash flow.

Purchase price: $400,000 Cash invested: $20,000 Sale price: $620,000 Bought near a private university with the plan to live in it before renting it out.

If your experience has gone downhill since the merger, it may be worth switching to a more proactive manager—even if there's a cost involved.Before making the move, ask the new PM how they plan to improve visibility and fill your vacancy quickly.

if she had contacted me, I would have shown her what was planned to finish and discussed the financials. 

. #4 See everything you plan to buy in person. 

Yes we definitely encourage everyone to STICK TO THE PLAN when renovating!