For taxpayers in the highest bracket in my state (Georgia), this would mean you're taking a 53% haircut just to access more capital...not ideal.A loan from the 401k is the more income tax efficient route OR roll the 401k into a Solo 401k or SDIRA and invest in real estate from one of those vehicles. 

A very few finance operations will finance lesser homes for community operators on homes less that 20K but will "haircut" the loan proceeds to the community operator in order to recover the costs of originating and servicing the loan.Community operators that have homes in their community worth less than 20K often run their communities like a slum which means homes will not go up in value.

That lends itself to be a much better play for some one like you, who can use six, maybe seven figures to build a reasonably diverse portfolio in the state and, if they win, great, but if it turns south or takes more time than predicted to work out, has the ability to carry the investment until it rebounds or can take the haircut and go about life.

@Kris L.Maybe not $100k, but a nice haircut off of the listed price with an all cash offer.

Anyone who is age 62+ and qualifies to draw social security, I recommend receiving payouts right away before the 25% "haircuts" projected in 2034 materialize. 

In regards to "using someone else's money" I found "my guy" while getting my hair cut.

Some liens have priority regardless of when the lien was filed but that does not apply to banks which is the original question.Lots of case law in all states on lenders/liens suing each other over who is entitled to what based on what was filed when and particularly in bankruptcies when it's unlikely anybody to everybody will be taking a haircut (not getting the amount they lent out.)

Trampline parks, doctors, haircuts, restaurants are making up a HUGE chunk now as well. 

Many people may now have a greater appreciation for their water cooler conversations at the office, the trip to the grocery store to hand-pick their meats and produce, a haircut at a barbershop, a workout at a gym, or a meal with their family in a restaurant.

The virus made it impossible for me to flip this house, as loans and buyers are afraid to buy, so I would take a haircut, ie, there would be no profit in flipping, it might break even, and that would mean a waste of a year of my time.