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).

It's also when you see some contractor run extension cords in the wall in lieu of romex or mc/bx. 

Hey BP Fam, I have came across a property that has some extensive fire damage, Not 100% sure how much in repairs it will take to bring it back to standard.

No one killed or injured thank God, but one will have some fairly extensive repairs with a few residents displaced.

It would be difficult to fully present my background and it’s extensive enough that I can’t imagine a small time real estate investor existing as the trade shortage and increasing regulations push them out.

However I was thinking, if I focus more on homes without need of extensive rehab - like only needs a fresh coat of paint, minor bathroom work, I can manage it myself over a weekend or a regular work week. 

So the best I can do is what i'm considering doing, expanding the 3 unit to have a walk way to a standalone extension which is essentially a mirror of that unit.

Ask them if you can get an extension if the deadline is coming up and you're close to getting it taken care of. 

Aaron Farr was able to sale it for us for $310,000 and we closed last week.We did run into a extensive list of repairs from the inspector that were unforeseen.

For purposes of this section, the term “prohibited transaction” means any direct or indirect—(A)sale or exchange, or leasing, of any property between a plan and a disqualified person;(B)lending of money or other extension of credit between a plan and a disqualified person;(C)furnishing of goods, services, or facilities between a plan and a disqualified person;