Unique scenario: I would love to hear any thoughts/advice!

[Ryan Ladson]

I am looking to brrrr a property with a partner (my mom). We will be using my cash combined with a loan that she will take out on her 401k. She is doing a 401k loan because she is 58 and does not want to get hit with an early distribution penalty.

We are looking to buy something in the next 3-6 months. However, she is also going to be purchasing a retirement home in the next 6 months or so and will be taking out a mortgage.

She is nervous that her credit score will be affected by the rental property once we refi, which will affect her ability to buy the retirement property. She has close to perfect credit and does not want to mess that up. She is thinking she will wait to buy the retirement home and then brrrr with me next year some time. I would love to find a way to get the brrrr done first without hurting her retirement property situation.

Does anyone have any thought, suggestions, advice, or experiences they would like to share that may help us make a decision? I would love to hear from y’all!