Borrow from 401k for down payment

[Nick Weidner]

I was looking to barrow $25K from my 401K.   Talking with a co-worker our 401K allows us to borrow up to 50% up to a certain dollar limit at 4.45%.     I was going to pull the $25K over 36 months paying $371 bi-monthly.

In Texas am I allowed to borrow against my 401K to use the money as a down payment for a rental property?     This would be for my second rental property.