Another option is that you can use the equity in your primary residence as collateral for a conventional loan on another property.

Non-recourse loan means that your Solo 401k can borrow (take a loan) from a bank, friend or investor for investing in real estate.Through the use of leverage or debt financing, the solo 401k greatly increases its available cash amount for investing.Non-recourse means that the lender cannot go after the Solo 401k trustee/participant or the balances of the Solo 401k (also referred to as self-directed 401k, individual 401k, self-directed solo 401k or Solo k).If loan default or foreclosure occurs, the lender can only go after the property for repayment, not any other asset of your solo 401k including cash or the Solo 401k trustee/participant’s personal assets.Since the property is the only asset attached to the non-recourse loan, these are the only funds that the solo 401k can use as collateral for loan.Non-recourse loans in connection with 401ks are not new but only started becoming popular in the early 2000’s.Non-recourse loans can be obtained through certain banks as well as hard-money lenders (e.g., whether friend, investor, or company specializing in non-recourse loans).

You maybe able to find a lender who can do a second on the property behind the seller financing however they probably will not want to over leverage the subject property Do you have another property (Even a primary) with equity that you can cross collateralize with the subject property?

So my first goal is to cover that and then use those two properties as collateral for getting loans on other investment properties.

Is it possible to get a HELOC or Business Line of Credit by using an LLC as collateral?

I would not touch that loan unless the borrower provided cross-collateral where you'd have a first lien position.

Since the land is free and clear, the bank will lend to the LLC with the land as collateral.

However, it is worth noting that most hard money lenders will still require some form of collateral, such as an appraisal, contractor estimates, and other documentation, before they will agree to lend money.

You probably won't find much of a discount from the current market value of the collateral property.I hope that helps.

@Jason CroweInvestment loans are about 3 things; Credit Worthiness, Cash Flow, and the Collateral.