Not only do you stand to pay interest and penalties, but the greater risk you run with your inexperience makes it even more likely that you'll lose some/all of your retirement funds.If you were in your 20's, or if you had a nest egg outside your 401k, I'd say go for it, but given your situation, you should reconsider the 401k solution.

It had been on the market for a bit, so I was curious why someone had not snapped it up yet.When I got there I made my way to the front porch, only to discover a giant hornets nest hanging right over the front door from the porch roof.

My wife and I make around $120,000 and have been getting killed on taxes the last few years with an empty nest and no deductions.

Around the age of 20 I finally started to amass a decent nest egg and managed to do one deal but then became apprehensive to continue as the straight upward price trajectory continued and deals became few and far between.Just a quick blurb about myself...

Burns' response are 1) that he does not identify which needs won't go away and 2) sometimes those needs appear unexpectantly later in life (care for an aging/frail parent(s), taking care of grandchildren, children that return to the nest, etc.).

For me RE investing has many aspects that make enticing.Freedom that is given as cash flow is built.Better control of my investments.Something that I can see and touch.I also enjoy taking a property that looks disgusting and turning it into something that is much more appealing.But, mostly I like RE because it has built a nice nest egg that I plan to grow.

With that large a nest egg, I would still use leverage to build a good cash flow; I would also invest in commercial land that could be prepared for future development.

From your questioning there is a ton of information you are lacking and you need to learn it before attempting any rehabs.Not being fully aware of all your costs and risk can lead to financial disaster and you don't want that.I would suggest you learn to wholesale houses and build up a nest egg for a rehab flip.

You will have many years to learn the ins and outs and can have the opportunity to build a nice nest egg.

Put a closing italic tag at end of each line, and an opening italic tag at beginning of new lines.Or just use the quote tags front and end, since they seem to always work across line breaks (but the quote tags are broken when nesting quotes and one of the nested quotes is "anonymous" - name attribution does not get applied properly in this scenario).