Private Lending with Self Directed Solo 401k

[Zach Brooksher]

Hi,

Rather than working with North American Savings Bank on a non-recourse loan and having to put down 30-40%, I would like to buy a property through my solo 401k trust using private money with a better LTV and finance some or all of the repairs.
Once the property is fixed up, I would do a cash out refinance into a NASB non-recourse loan and pay the private lender back. Is this a common strategy? Advisable strategy? Interested to know your thoughts. Kind of a retirement BRRRR.

Thanks!