Using my 401K to Rehab/Flip Houses??

[Kenneth LeBeau]

Hey all,

I know this subject has plenty of posts in here but some of it wasn't clear to me and everyone's situation is unique.

I have a 401K with my current employer with approx. 58K in it and another 20K in an outstanding loan. What would be my best and hopefully easiest option for gaining access to this money to use to rehab/flip houses? Cashing out and getting nailed with the taxes and penalties is definitely not an option that's on the table.

I found the list on here with all the companies that handle the self directed IRAs and plan on calling and seeing what they can do for me, if anything. In the meantime Id like to pick the brains of you guys on here about possible options of mine.

Thanks in advance!!!

Kenneth