Can you use a 401(k) Loan for down payment and then refinance?

[Tom Nellman]

Hi,

I was looking to purchase a rental property using a 401(k) loan for the down payment and then I was curious if I could immediately refinance the mortgage to pay my 401(k) loan right back?  I also have access to a $50,000 personal line of credit so I was interested in some creative ways to purchase additional properties.  The assumption would be that these properties would cash flow the mortgages.  I'm a new member, so thanks for any advice!

[Tom Nellman]

@Jerry Padilla

Thanks for the reply.  I'm glad to hear it ok to use the 401k for the financing side, any ideas on how to immediately refinance it to turn around and pay back the 401k loan in 60-90 Days?  Thanks!