Which way should I go... 401K or HELOC?

[John H. Hill Jr.]

I'm currently trying to decide on if I should borrow money from my 401K or use a HELOC. Please share you thoughts!

Let say that I'm able to use my 401K to borrow $30K. The other alternative would be for me to transfer my current rental property into my 2 month old LLC which I want to do anyway, and obtain a HELOC with the equity I have in it. Let's also assume that this will give me a HELOC at $30K. Which option would be best in your opinion? I'm planning to use the money to BRRRR. This will be on OTC tax deed and my second rental property.