What would you do??? General Input Welcome

[Leeroy Ayala]

Good Afternoon BP Fam - I wanted to get a general sense of direction of what you would do - this isn't a problem, it is more which is the better opportunity - 

We currently have a large amount in our sons 529 plan, which averages about 10% return per year, invested 100% in S&P Funds.  We take advantage of the opportunity to withdraw, tax free $10k per year to put towards his private school tuition.  Just finished kinder, starting first next year.  The current plan would be to hold the 529 until he graduates and then use for college tuition or convert to a Roth if he pursues ministry or trade school.  

We also have an opportunity to invest in a non traditional single family home, which would cost about $300K, with downpayment of $60K and after closing cost/minor repair etc etc - maybe $90K total - This would almost drain the 529, leaving about $15K. Because of the investment we would cash flow about $1200 per month - that is after mortgage, taxes and insurance, vacancy is very low - the $1200 would be used to pay for his tuition. 

So what would you do - stay with the 529 route or withdraw and invest in the SFM 

Thank you for your input -