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that the account into which the funds are deposited must be the same type of account from which the funds were first withdrawn (e.g. withdrawal of pre-tax funds from a 401k could be deposited in a pre-tax IRA but not a Roth IRA - "like to like").Loans:Payments on a 401k loan taken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.

Make sure you connect with other NH investors, watch the BP podcast and participate in the forums @Mark Bowerman!

I’m just starting but I humbling like to participate to this discussion 

Lots of population growth and job growth in the Phoenix MSAat the moment I'm self managing 18 apartment units that i bought through foreclosure then BRRRR'ing then house hacking & seller financing  however, i believe I'm close to a point where i need to find a competent PM  so i can focus on finding larger apartment buildings & partnering with others so we all can level up & participate in the upside in equity, cash-flow & other benefits of owning MF. 

Those affected by the COVID-19 pandemic can now apply for financial assistance from Escambia County.The City of Pensacola and Escambia County are participating in the Coronavirus Relief Funds made available by Florida Housing Finance Corporation.The county says approximately $813,451 will me made available Tuesday Sept. 1 to help eligible applicants with rent, mortgage and/or utility assistance.The expenses must occur between March 1 through December 30.

We can’t force trades and we’re always at the mercy of institutional traders with all insider info. 😭 I still trade but on longer timeframes.

Check out https://bullpenre.com you can hire top notch institutional quality real estate analysts by the project.

Does the 90/10 split sound fair, or is N's participation closer to 3% (25k/900k)? 

Think about dealing with the cable company, a big banking institution, or government.

There was a law passed that allows for plans to let participants take out distributions without having to pay the penalty, but 1) its not a requirement that the Plan allow this, each plan has to choose to adopt the measure and not all plans are, and 2) The distribution has to be because of some hardship due to the pandemic, not just because you want a distribution during the pandemic.