Solo 401K and Hard Money

[Leo B.]

Has anyone used a Solo 401K to fund down payment on a home and hard money to finance the rest of the purchase and rehab of a fix/flip property?  I understand that you can only use non-recourse loan with the Solo 401K.  If the hard money lender bases their financing solely on the asset, then this would be considered non-recourse, right?

[Dmitriy Fomichenko]

@Leo B.

while I have not done this personally, some of my clients have. Yes you are correct that the loan to 401k must be non-recourse. You are also correct that many hard money lenders will do non-recourse loans.