My plan would be to get hard money loans for the property and use Lowe's account and credit cards to fund the repair cost.

Has anyone used 1st Quick Funding, a New York-based private (hard money) lender?

Not a problem if its in good shape, but rough properties may be a problem.And, the end buyer will need to fund the rehab somehow.

I'd pay as you go.Always keep a rainy day fund.

I agree an active business inside of the 401k would incur UBIT.Since I deal mostly with RE investors I like the no solo 401k UBIT exemption for debt financed income.Also, the borrowing privilege has helped several people to fund their personal real estate investing.Hmm...I used the wrong term in my post?!

I used to do just mutual funds particularly REITs, but then I thought it'd be more fun to do the real thing as I'd have more control.

There are many lenders that will give you acquisition and rehab funds.

You can use the whole time selected by the redemption period to try to come up with the funds, or if you know you cannot do that, you can take that time to find physically appropriate lodging.Therefore the redemption period in your state offers two benefits.

A hypothetical for the group...When applying for funding, do you disclose all assets?

Read elsewhere here on what makes a good rental.Rehabs require special funding if the property isn't habitable.