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.

Hi Nick,Where will you do your residency and for how long is a question you should factor into this personal home buying decision.You have 2 years left in Fort Lauderdale and then residency training.A comfortable strategy that I have seen others apply is, in residency (as soon as financially possible) move up in comfort in life to a nice upscale large multi-family (in a great neighborhood) with all the amenities.

With multiple adults in a household, each person applies with their background check run individually and some screening companies provide a general assessment of whether a person has a high probability of success as a renter. 

Then you can apply the rest of your VA to the next property.

This can end up costing a new tenant over $3k to move into one of our properties if the "standard" 1 months rent security deposits applies.

Does the 2/5 rule still apply?

I have people pay a NON-REFUNDABLE Reservation fee (1/2 month rent) that is applied to the first month's rent when they pay the rest of the move in funds (all deposits and a full month's rent) and sign the lease for me to hold a place for up to 14 days.

But she did say, I could apply For a business loan and structure an LLC to get around having to pay that down payment out of pocket and use investor cash.

Regional footprints apply, so if they want to do it in Alameda county, they have to have a physical branch in Alameda county, or Marin, and so on.

Here in Texas we have several blanket SWPPP plans that apply to certain projects of certain sizes you can operate under.DM me and I can connect you with someone local who would know more and either be able to help you take care of it by getting the SWPPP done for the loggers or if they can't they could direct you to someone that could help!