What is the Best Way to Borrow from 457 Retirement Plan?

[Jason Wutzke]

My Mom(63) has a 457 retirement plan that she would like to borrow $20,000 from with the intent of lending me the money so I can invest in my first real estate property. I want to make sure that the process is done correctly so that we don't pay more taxes or interest than is needed.

What is the best way to borrow the money?

What type of account should I put the money in while I am looking for a property?

Any other tips or suggestions would be greatly appreciated!