Would you liquidate your 401k to purchase your first property?

[Justin Reyes]

Hello my name is Justin Reyes and I’m 30 years old. I been working for a company for only 3 years and have about $30k vested in my 401k. I want to take it out and buy my first property to possibly hack or 1031 exchange. I know it’s risky because I don’t have a lot of experience or don’t have anyone to teach me tricks besides listening to Bigger pockets podcast but I’m willing to take that risk. I have a good paying job also that can help with the process. I just want to one day create passive income and be able to spend more time with my new daughter. Does anyone have advice for me?

[Mike Dymski]

Many 401k plans allow you to borrow up to 50% or $50k of the vested balance, whichever is less.  I did that to fund the rehab for my first flip to generate some seed capital.