Many fortunes are made not during prosperous times but during economic downturns; one must be well-positioned for it and have a solid plan. 

The pandemic is still actively inhibiting a full return to normal economic activity, sooooo...Have you considered a SFH instead of a condo?

I love discussing Commercial Real Estate and the economics of CRE.

Economic Update(Monday, June 29, 2020)The economy turned the corner in May after the sharpest and fastest downturn in U.S. history, but further progress in recovering from the pandemic is likely to come much slower.

There's many other valid reasons for an LLC, but in regards to asset protection there really isn't much value there until your assets exceed what can be economically covered by an umbrella policy.

I buy mostly in the suburbs and economically that also makes the most sense for OOSI, because you can cover your overhead with a higher revenue. 

Bless y'all in these uncertain times I hope everyone is good with The Covid and economic collapse.. at least we are still in real estate!  

Bless y'all in these uncertain times I hope everyone is good with he covid and economic collapse.. at least we are still in real estate!

Bless y'all in these uncertain times I hope everyone is good with he covid and economic collapse.. at least we are still in real estate!

Please note that the account into which the funds are deposited must be the same type of account from which the funds were first withdrawn (e.g. withdrawal of pre-tax funds from a 401k could be deposited in a pre-tax IRA but not a Roth IRA - "like to like").Loans:Payments on a 401k loan taken under the CARES Act must be paid back starting in 2021 over a 5 year term.Here are the details regarding the loans:NEW LOANS:The CARES Act which was enacted to provide relief to individuals impacted by COVID-19 allows for increased 401k loans and more flexibility for repayment of these loans.Specifically, you must be an individual who meets one of the following conditions to demonstrate that you have been impacted by the crisis (and it will be your responsibility to retain documents in your files that demonstrates that you are a qualified individual):Individual who is diagnosed with COVID-19, with a CDC-approved test;Individual whose spouse or dependent is diagnosed with COVID-19, with a CDC-approved test; ORIndividual who experiences adverse financial consequences as a result of being quarantined, furloughed, laid off, having work hours reduced, being unable to work due to lack of child care due to COVID-19, closing or reducing hours of a business owned or operated by the individual due to COVID-19; or other factors as determined by the Treasury Secretary.On or before September 23, 2020, such individuals take a 401k participant loan subject to the following terms:Maximum Amount of the Loan: 100% of their 401k balance not to exceed $100,000.