It would be a great conversation to have with your tax advisor and financial advisor for the solo 401k. 

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

There are other options such as harvesting capital losses on other financial instruments, but the stock market has been pretty good lately, so that may not be an option.

As someone else mentioned, what I've seen a lot of in the past six months is deals that don't have the rental income to service the debt and borrowers with marginal credit.

Thank you You are obviously a sincere young person looking at improving your financial position.  

Purchase price: $925,000 Cash invested: $200,000 13 Unit Multifamily property in the Waveland neighborhood of Des Moines, Iowa. pre-acquisition: 7% under MR and 15% vacancy/bad debt.

My wife of 20 yrs is currently pregnant with our first child and I want to get us out of debt and build our savings.

If you have the money and a financial foundation to do that then that seems ideal.

I am located in Northern Utah and would love to invest locally, but it does not seem feasible for my strategy and financial position.

Banks often have very rigid requirements, such as high credit scores and a detailed financial history as well as lots of paperwork.Private Money Lenders: Faster and more flexible.