I have a team, yet as I expand my knowledge base, the knowledge of my team must expand also.If I can help in any fashion, please do not hesitate to reach out to me.Regards,LaTonya

@KANE WHITESIDEThe only thing from a 401k perspective that can "go wrong" is that you fail to make payments in the required fashion and the amount of the loan is treated as a taxable distribution, with an additional 10% penalty for early distribution if you are under age 59 1/2.As such, you want to be very sure that you will have the ability to repay the loan, and structure your real estate deal accordingly, with plenty of reserve capital in the event you have an extended vacancy or significant repair expense.You also want to keep in mind that you put that money into the plan tax-deferred, and will be replacing it with after-tax money, so the income you receive personally needs to be a significant return on investment to offset the negative ROI equal to your tax rate that the plan is experiencing.An alternative would be to use the plan itself to make the investment in property.  

Personal capital tells me I'm too heavy on the foreign but my take is PersonalCapital favors domestic a bit too much.

If this is a HUD proprety, they have an interest in favoring homeowners over investors, all else being equal.

But as a lessee in the lease option scenario it is in your best interest to exercise that option (assuming nothing drastically changes in your life, economy, or property and the terms you signed were favorable). 

I recall very well the slot in the medicine cabinet, it was fashionable but, seldom used.

My PM said the money is guaranteed, but I stipulated that the background check had to be favorable, but not necessarily impeccable.  

In a pro-tenant state you could be completely in the right and the judge favors the tenant when it goes to court.I know tenants say they will not smoke and when it is warm they do it outside usually but when it gets cold they crack doors and windows to smoke.

The following terms are applicable to this contract:1)Closings costs, attorney fees, title fees and other miscellaneous costs are to be paid in the following fashion ____________________________________________________________________________________________________________________________________________________________________________2)Any taxes owed will be appropriately prorated between parties at closing.3)Closing to be set as soon as possible for all parties, but no later than ____________________________without written addendum to this agreement.4)Property sold “as is” with no warranties implied or stated from seller.5)Earnest money to be held in escrow by buyer’s closing attorney:_________________________________________________________________6)Earnest money non-refundable to buyer unless title is non-conveyable or seller not available to close within time period of this contract.7)This contract is contingent upon clear title and final inspection of the property by buyer or buyer’s agent before closing.8)Legal consideration for this agreement is ten dollars ($10.00).9)Seller to provide buyer with permission to access property solely for purposes such as evaluation of repairs needed, appraisal of said property for securing financing, and professional advisement on resell of property.If property is vacant, Seller shall provide Buyer with a key to access property specifically for the reasons above.10)Any furniture, fixtures, attachments, and debris located in and around property not removed within day of closing become ownership of buyer.11)ADDITIONAL TERMS: ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________BUYER: _____________________________________________DATE: _________SELLER: _____________________________________________ DATE: _________SELLER: _____________________________________________ DATE: _________

I havent completed a lot of deals as I've focused on building equity in what I have, however have completed many more hours in due diligence than i care to count....HA  Plan on reworking the financing I have in place myself and establishing a LOC so I can increase my purchasing power.I'd think US Bank would definitely be who I'd check first on the HELOC since they hold your mortgage -- you'll probably receive the most favorable terms from them and would probably be easiest to set up -- they do not have any branches in Wichita, however should be something you can do online/over the phone.