Looking for advice on Rollover IRA funds

[Nicholas Hamblen]

Hi Everyone,

My wife and I were looking to start flipping homes and/or buy rental properties. She recently rolled over her old 401K from past employer into rollover IRA with Fidelity. There is 46K in the account. We have been trying to look for ways to legally invest this money as a down payment or help with rehab costs and possibly fund the rest with HML or HELOC. We would like to do some of the work ourselves and it seems as if Solo 401K or SDIRA's do not allow this. Would this be a possible scenario for us? Is there any other options to use this money without penalties or heavy taxes? Thank you in advance!