Curious to see others strategy of acquiring this property with little cash down

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.

I want to acquire my first property and become a landlord before I'm 30 years old.

Additionally, the fact that we acquired the land next door which gave us a huge backyard (around 5/8 acre) was something we couldn't resist.

In addition, if you are self-employed with no full-time employees you may wish to consider opening a Solo 401k instead of a self-directed IRA as it has several advantages over an IRA LLC such as much higher contribution limits, direct checkbook control (i.e. no need to have the account at a specialty trust company), ability to take a 401k loan, exclusion from unrelated debt finance income tax with respect to investment in real estate acquired with non-recourse financing, etc.In addition, please note if you purchase debt-financed real estate with your IRA, unrelated debt finance income tax should apply to the income attributable to debt-financed real estate held by your IRA.

Secondary impact: Uber drivers, insurance companies, delivery services, dry cleaners, retail, yoga studios, performers / athletes, manufacturing, housing, construction and by proxy the entire economy.

If I had to guess, I think we'll see revenues and occupancy dip slightly over the next 3-6 months, but again, that's just a guess.However, there is still an opportunity to acquire self storage facilities, especially with the low interest rate environment we're seeing.

Connecting with a closing attorney to acquire and organize all the legal documents associated with either route discussed in step 3Are these the correct initial steps that I should engage in to get started and gain foundational, learning experiences since I am brand new to the industry and have limited capital to work with?

On that note, this could be a great opportunity for buy-and-hold investors to capitalize on low rates and panic sales to acquire residential properties in military towns.

That money is also amortized, but sometimes the maximum length of the loan is 20 or 25 years, but sometimes 30 year loans are available.If you're just trying to acquire a property, fix it up and then sell it quickly, it's a fix and flip.