Friend's 401k

[Valentine Serna]

Hi Everyone,

I wanted to get your opinion on something. I have a close friend that is changing jobs and has a good amount of money on his 401k saved up. He is wanting to partner with me on some deals and was asking if he could do that with his 401k. Does anyone have any experience on what is the best way we could do it? I was thinking just having him get a loan out and make monthly payments at 4.25% and I could turn around and borrow the money at 8% but didn't know what the tax implications were. Thanks for any advice!

Happy Investing!