Solo 401k / multi families
How does it work if I were to buy a property partially with my 401k and the other part with a loan from a bank. For example if the property was $600k. The down payment would be $120k. So I could take a portion from my 401k and a portion from my business LLC account. Say $60k from LLC and $60k from 401k. Would it be possible to do this and a portion of the rent would go back into the 401k and a portion into a business account? I am looking to create an income stream as well as plan for retirement.