Yes - if you make 401(k) contributions it will lower your Modified Adjusted Gross Income (MAGI) which is used to calculate the phaseout.2. 

k=1571507XBCSM&p=DE-46772817-166

I did a live-in flip on a HUD home using a Streamline 203(k) loan (where the rehab loan is rolled into the mortgage) about 6 years ago.

@Dan K. 

Kurt K.

This is becoming a popular option for cabins in the area to install, much more efficient than the baseboard heating many have and more practical than installing a propane system.My place: https://post.craigslist.org/k/tqTJaAlD6BGJPAqtBO1S...

I finally found an insurer, and was able to close, but I had to remedy those conditions immediately.Note also that home inspectors will warn you left and right that they are not required to detect building code violations/deficiencies.  

This may be a long post, but I thought it would be good to walk through everything step-by-step, and explain my thinking along the way.If you want to stick with me through it all, here we go:I was not going to be getting a conventional mortgage for my first property for a number of reasons.First, I am still annoyed at the hoops I had to jump through to get a mortgage for my primary residence.Second, my liquid cash was on the lower end.Third, the properties that I would need to start out with would not be financeable anyway.Fourth, my DTI is on the high side, due to the decision that we made to take out a HELOC to complete interior improvements on my primary house.So, I decided that my path was going to be to form a single member LLC, and take a loan from my 401(k) at work to finance the down payment.Since I do not view the 401(k) loan as a long-term solution, I am treating like hard money, and pay it off ASAP.So, my first deal would be a flip, or a rental that was such a good deal, that I could re-fi out and pull all my cash out.I decided to reach out to the commercial lending department of the local credit union, which I am a member.The person I talked to (who became my lender) is fantastic.I told him what types of properties I was looking for, and that I’d look to turn them into rentals, or to flip them.I will never forget his response, which reminded me why I love this credit union.He said:“Typically, the deals you are talking about are much smaller than the deals we like to do.However, we also realize that you can not get to that level unless someone helps you get there.So, if the numbers make sense, we will see if any of our products fit.”Awesome!

In your case, Victoria, you should be okay.   401(k) plans are not affected.  

Yes, I need to crunch the numbers to see how much a 50 k refi for instance would set me back a month....