Here's the original post: https://www.biggerpockets.com/forums/517/topics/1222034-pote...Thanks to @Michael Plaks for highlighting that the 12/31/2024 deadline and the enforcement and the penalties are back, as of 12/23/2024!...

Or maybe not as severe a penalty as I've heard so far? 

But if tenants fail to pay rent, there are no penalties for them?

Quote from @Jeffrey Mair: Hello, I am seeking advice or creative ideas to move closer to the goal of owning a home in San Diego county without the obvious solution of selling off my small rental portfolio.

Prohibited transactions can result in penalties and disqualification of the Solo 401(k).2.

A quick look at groups near Camp Pendleton shows plenty of activity from folks seeking housing.

Yes to avoid taxes and penalties (under 59.5) the money would need to stay in the retirement account.

When vetting a hard money lender, ask about their interest rates, loan terms, and fees (origination, prepayment penalties, etc.).

Seems like a very strict penalty if this is not followed through.The CTA provides that willfully reporting or attempting to report false or fraudulent beneficial ownership, or willfully failing to report or make updates to the reported data shall be punished with a civil penalty of up to $500/day while the violation continues (up to $10,000) and a criminal penalty of up to two years in prison. 

If this is financing for a stabilized property rate carries more importance but rate combined with origination fees, pre-payment penalty and term in which you intend on keeping the loan in place are all considerations which together should help in deciding the best financing option.