Steven McMahan
Start 401k or put more money towards student loans?
28 August 2020 | 4 replies
Or maybe, continue to hope that my continued search for a real career yields something that allows significantly better repayment of those loans.
Nic S.
FED changes its stance on inflation
30 August 2020 | 7 replies
The US has already passed the point of no return in being able to ever repay the total debt owed.
Jeremy Banner
New to REI, new to Dallas, trying to figure out where to start
28 August 2020 | 1 reply
I'm wanting to pick an investment strategy that I can really learn to master, and I know people can make money with any strategy and from that perspective it doesn't really matter which one you choose, however, it seems like every market has its own unique characteristics, which could create some advantages/disadvantages for the different strategies.
Etienne Dubois
Start big or Start small
28 August 2020 | 1 reply
Yes it has many great attributes such as economies of scale, but it also has its own unique risks.
Talen C Honeck
Buying Foreclosures in Florida Versus Other States
5 October 2020 | 9 replies
Are there any good resources out there to familiarize yourself with the unique ways different states handle foreclosures and what to look out for in those states?
Tyler Sullivan
New Member Introduction
28 August 2020 | 1 reply
I live in the Florida Keys which is a very unique place.
Annu Zer
Closed on a deal need help with next steps
2 September 2020 | 7 replies
You can also just draft a side agreement concerning the transfer and repayment of funds.
Rylan Lacey
New construction multifamily deal
25 January 2021 | 24 replies
I’m buying the land cash and look to use that as collateral for the construction loan.I have a unique opportunity to partner with the owner of the vacant lot behind mine to assemble and develop their land as well.
Carl Trevino
Using Self directed Roth IRA to remodel a BRRRR.
29 August 2020 | 1 reply
Rent, Refiniace with credit Union.4 Repay the cash back into the IRA.Will this work.
Richard Forbes
Finding and funding my first deal
31 August 2020 | 3 replies
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.