If they don’t, the loan amount is considered a distribution, subjected to income tax and a 10% penalty if the borrower is under 59 and a half.A good online calculator for 401k loan calculations: http://www.bankrate.com/calculators/retirement/borrow-from-401k-calculator.aspx

Hi AndrewThat's a tough one because tax rates seem to vary from state to state.I'll give you a quick example: Salt Lake City, Utah $300,000 home with an annual tax amount of $2,500.Detroit, Michigan $35,000 home with a $2,500 annual tax rate.Pontiac, Michigan ( different county that Detroit but only 20 miles north of it) $35,000 home with a tax rate of $700 annually.In the midwest and west I see an NOI of under 6%, in C grade neighborhoods.Select areas on the east coast and surrounding region I see NOI's of 9% to 15% in C grade neighborhoods.Property Taxes are the same whether the home is held personally or in an llc.I hope this helps, please feel free to send me any Specific questions and I'd be glad to answer them.Good Luck.

At the moment I would like to learn under and investor that flips property before purchasing more of my own.

My focus as of now is wholesale and I currently have my first property under contract!

if you're looking at small 1-4 units and you're going to be buying under 10, you may want to consider just getting a good umbrella policy specifically for landlords so you can stick with residential financing.

They aren't finding any of these leads for us and mostly doing errands but I just don't want to fall under the BRE thumb as paying commissions to an agent or some unlicensed activity (i don't know all the rules).

After that I went on Zillow and noticed that the property was under Pre-Foreclosure.

I'm under contract and recently found out that the current tenants do not have a lease and are paying far below fair market value ($800 vs $1400).

How do I go about getting these two properties under my LLC.

I was under the impression that you had to find a contractor that had some form of registration/ certification in order to work on a home that has a 203(k) loan on it.