Financing my first flip-Tell me if this is a smart move

[Allen Smith]

I am financing my first flip with my own money. I took out a Loan on my 401k and paying myself 6.5 interest. I also took out a Heloc on my home at 4.5 interest. I also have a 14 month zero interest Credit card to buy most of the supplies/appliances with 2% cash back. My thought was this would greatly reduce holding and closing costs. If all goes as planned this will generate 22% immediate ROI. Experienced ladies and gentlemen feel free to critique me. I love constructive criticism. Makes us all better. Thanks!

[Allen Smith]

@Diana Muresan This is something I am not very familiar with. We cannot do the owner occupied. Does the Fannie Mae finance rehab as well? Giving me something to think about. Thanks