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Updated almost 8 years ago, 02/14/2017
Do you guys think this is wise?
Hello BP members. I would like you guy's opinion on this. I have been inspired to go in to rental properties. Unfortunately, I do not have the capital to invest. I am thinking of taking out a loan from my 401K and my pension to raise capital. My question is, do you think its wise to borrow money from my retirement in order to go into this investment venture? The total amount borrowed will be a little over 30K and I will be obligated to pay it over the next 5 years. I am 30 y/o, so retirement is pretty far down from now and I work in healthcare where my job is unionized so I have job security there. What do you guys think?