BRRRR'ing in your Solo-401k
I am considering using the funds in my solo-401k to do a BRRRR.
First question, I guess, is what are thoughts on this? Good or bad idea?
I've ran through the process and I think the most important thing is not commingling funds throughout the process but the only issue I really have a problem with is when the time comes to refinance the loan, it will be difficult for me to get a loan out on the property for the trust/entity my solo-401k is run by. I'm guessing if I can find a bank that will, they will only do an LTV of <60%. So the question(s) is: Does anyone have banks they can recommend for refinancing out of a BRRRR when using an entity? Are there alternative methods to handle this step or ways to get around such a low LTV on a refinance? Any other suggestions/ideas are also much appreciated.
Thanks,
Justin