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.

@David Wandel Just curious, how do you plan to go about if this effects tenants being able to pay on time?

Coronavirus is causing lots of places to be in lockdown. How does this impact the closings of real estate deals ? Do we have any options of virtual closing ? Banks might also be not working will full capacity and that...

After talking to 3 companies I feel that this is a great resource to build a real estate portfolio , I don’t feel very confident that the companies I’m am talking with will give me the support I need to use this tool effectively in the beginning while I’m figuring it out.

Run those numbers - it can really effect your numbers.VA loans do have to be on a primary residence. 

For discussion purposes we'll use my purchase price at $200k, Adjusted book value of $100k, and current owners original purchase price of $200k.From what i've read, the seller holding back $20k of the equity in the property in the sale so that they can finance a portion of my down payment would not effect depreciation recapture, (25% of 100k) and that portion would also not qualify for the installment sale provision (allowing the recapture to be spread over the length of the loan). 

@Shawn SkaggsKeyBank has a very strong HELOC for the primary residence.I got one late last year for Prime -0.25%, which is effectively 4% today.The structure is 15 years interest only and then it terms out for 15 years Throughout the life of the loan you have the option to term out a portion of your balance and lock it into a fixed rate.

@Michael Anderson I think you may be onto something about increased wages meaning more stability, but I think you may see the effects of that increase hit the D class areas with a more substantial effect than you see in the C class areas.

If i put down the 30% instead of him paying, effectively i'm already down by 50%, meaning of the total purchase price, i was originally only liable for 80% (but with no money down), where as no I am liable for 100% and putting down 30%.

The effects on my Airbnbs started to show today.