Advice Pls - Renovate,Pay Debt, Loan from 401K or Stocks

[Kimberly H.]

I'm in such a confusing place right now. I'm 54 and want to prepare for retirement and beef up my real estate passive income along with paying off debt. 

Choice:  

1- Take a loan from my 401K to payoff all credit card dept (loan 3.5%) and Credit card debt avg rate (18%) - 30K

2-Take a loan from my 401K to renovate one of the apartments that was recently vacant.  The tenant stayed 1 year paying no rent due to the pandemic and the place is a mess. Cost $7K to renovate the bathroom and kitchen (upgrade).  Rent would be 1300 a month and use the remaining loan to renovate the apartment.  I will still have a little debt left.

3-Take stock cash (8K) to renovate and keep high interest credit cards and no loan from 401K

4-Continue to stress out and do nothing, because I'm totally confused and don't want to make the wrong decision. 

Can you guys give me your opinion on the correct way to move forward.  The 401K loan would be for 5 years.  I will be 60 years old when it's paid off.  I'm planning on retiring at 60-62.  62 is more likely!  

I appreciate your input.  Thanks!