Hi
I found a property that I want to invest in, it's a foreclosure, I want to fix it up and maybe retire too it, I have a home with a small mortgage, and I have some savings for vacations and emergency's, I think the home I'm looking at might have to be paid in cash, $20,000. I have Est: $135,000. In my 401K and pay in 13% of my pay, My Question is would it be best for me to borrow against my 401K and lower my % to 8% so that there is no change in my finances? and pay back the loan with the 5%. I am open to more ideals.
Missy