I am looking to better understand how self directed IRA works

[Lucas Milburn]

I currently own 3 STR properties and am currently applying for a HELOC against one that I own outright. In addition I have heard a couple podcast on BP referencing self directed IRA's. As I look to grow and purchase more properties I plan to bring on investors and wanted to better understand the concept so that I may better explain how to do it and how it works to potential investors as a source for them to draw from. Any info or good links to resources on the matter are greatly appreciated.

Thanks

[Mike Freske]

Originally posted by @Lucas Milburn:

I currently own 3 STR properties and am currently applying for a HELOC against one that I own outright. In addition I have heard a couple podcast on BP referencing self directed IRA's. As I look to grow and purchase more properties I plan to bring on investors and wanted to better understand the concept so that I may better explain how to do it and how it works to potential investors as a source for them to draw from. Any info or good links to resources on the matter are greatly appreciated.

Thanks

 I currently have a self-directed 401(k). My solo401k (George's company - above).  They do a a good job of helping you set it up - roughly about $750 with a $125 annual expense. I put my funds with Schwab, into a "checkbook" account.  Then you can buy assets under the 401(k) - real estate included.  The assets are subject to the same rules and restrictions as stocks purchased in a 401(k).