How can I have my cake and eat it too with a Solo 401k?

[Kyle McCorkel]

So I got my solo 401k all set up, but haven't had a need to use it yet. I've considered taking a loan out of it to do BRRRR's and flips, but I'm really not crazy about the mandatory 5 year payback schedule. It will make the payments much higher than even a 12% private money loan.

Curious to hear about how others are using their solo 401k's and self-directed IRA's. I'm not interested in owning a property directly inside my solo 401k because of the restrictions/complications on lending, among other reasons. I want all the benefits of owning property (including being able to use the cash flow NOW) but want to tap into the potential goldmine sitting in my 401k...without incurring the taxes and fees.

So I want to have my cake and eat it too :)

How can I make this happen?