401k loan - how soon before buying a property should I take it?

[Brandon Cristiano]

Hi Everyone - just as the title states, I'm looking to buy my 1st multifamily property at some point this year (in the bay area so market is insanely competitive). I remember reading or hearing things about having the cash for a down payment in your account before you go to close on a property. 

If anyone has knowledge about what lenders/sellers are looking for in terms of stable cash accounts, any help would be greatly appreciated. Also, since I'll most likely be taking some sort of 401k loan out - how long before seriously looking to buy a property should I make that withdrawal? 

Thanks in advance!