Considering a investment property

I would not withdraw your 401k due to taxes/early withdraw fees taking a good chunk of your money.

You could take a loan from it most 401ks for 5 years or so. So for profit sake it would be a matter of which one had less fees/lower interest. When choosing 401k vs equity.

For me personally the wife and I agree that we would never use our house as collateral for buying rental properties (we have 4). So worse case scenario if everything went to crap we would still have a roof over our head. As a prepper I think this would make sense to most people here.

A few thoughts for renting.

We dont rent to family or friends they seem to screw you over without a 2nd thought. Since they know you they figure you will understand when they wanted to buy X instead of pay rent.

In case your son does not end up buying the place or rent for the 3 plus years you where figuring what would be your other options?

Best of luck in your investment.

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Considering a investment property