401(k) loan for a down payment

[Allen Wu]

All,

I’m thinking about taking $50k from my 401k to buy an investment property. Here are the pros that I can think of:

-I pay myself back and interest

-if market crashes i took money out on time and buy the dip

-have cash ready to pounce in real estate

The only con is if i quit or get fired I’ll pay the Loan back upon that’s the date.

What am i missing? Any cons you can think of?

Note: I’ve maxed out my 401k for last 10 years and feel like I’m overweight there hence want to diversify