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that the account into which the funds are deposited must be the same type of account from which the funds were first withdrawn (e.g. withdrawal of pre-tax funds from a 401k could be deposited in a pre-tax IRA but not a Roth IRA - "like to like").Loans:Payments on a 401k loan taken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

Cash out, pay the UBIT tax and report the additional income that year, and if a deal is made next year, implement a cost segregation on the multifamily property to help reduce the taxable income.2.

The commercial lender I represent reviews these stats and generally avoids properties with neighborhood scout crime scores under 20 (translation, this neighborhood is more dangerous than approximately 80% of neighborhoods in the U.S. with a score of 20) If we entertain a property in a higher crime area it is usually at a reduced LTV, like 60% instead of our max 75%.  

Reduce expenses as much as you can and still live a comfortable life (where do you live now?

After months of bidding, getting offers accepted, and walking away from duds, I saw a house go back on the market in December of 2017 at a reduced listing price.

SaveAnalyze current expenses:- create spreadsheet of ALL expenditures over last three months - find and reduce or eliminate any expenses you don't need or love- target 15% monthly reduction.

If she wants cash flow, DM me and I'll point you to some options.I think it's a risky time to rely on appreciation for real estate and I personally don't consider appreciation in any market, good or bad, and certainly not now.People can use 401(k)s, IRAs, Pensions and cash set up correctly to produce cash flowing income and reduce their exposure to the stock market.

A PM will follow those rules to reduce liability on their end.

It could reduce the annual heating bill meaningfully. 

.➡️ Property DepreciationDepreciation lets investors reduce their taxable income to account for property wear and tear.