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!