Using 401K funds for a flip

[Matt DuSold]

Sorry if this is answered, I feel like I've seen a lot of different responses on BP and then different responses on the web as well. I guess my question is pretty simple, can you use 401K funds for a flip and if so how much and what is the process like?

I've seen things say you can essentially borrow the money out of your 401K and then just pay it back like you would a loan. I have also seen things say you can only borrow up to 50k. I am sure this is somewhat dependent on the specific retirement plan itself. Has anyone had previous experience with this?

Thanks for your help!