The greater outcome will come in the future as other properties are acquired in the neighborhood, but in the meantime we’re going to capture a combined $500 of cash flow every month Lessons learned?

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.

I am an investor as well and I have several single family rentals in Bolingrook, 2 of which I acquired within the last 2 months, and all cash-flow nicely with 25% LTV plus about 5% to 12% more in rehab expenses.Best of luck to you Dale!

As you are acquiring contracts on properties, you can post the basic info with a good picture in these Facebook groups.

After acquiring this home, I realized that AirBNB isn't as difficult as I originally expected, and it makes me want to buy another short-term rental.

I manage dozens of STRs in Columbus and am trying to acquire some buildings for ourself also.

First, I'm afraid that the condition of the property I'm acquiring won't qualify for conventional financing.  

And as an additional sidenote, we own one rental property in Northern California that my wife acquired before moving down to Ventura County.  

I eventually want to start a property management company for future multi family properties I plan to acquire as well as manage properties for other investors.

The rules for homes sold 90 - 180 days post previous sale are not much better. 4155.2 4.7.f Second Appraisal Required on Properties Sold Between 91 and 180 Days After Acquisition A lender must obtain a second appraisal by another appraiser if 1 the resale date of a property is between 91 and 180 days following the acquisition of the property by the seller, and 2 the resale price is 100% or more over the price paid by the seller when the property was acquired.