Self Directed IRA My Mind Is Spinning

[Mel Hayes]

Hey BP,

So I'm looking into how to lend on deals and fund my own deals with my IRA. Currently my IRA is under JP Morgan. I called them and asked the naive question of how can I fund real estate investments using my IRA. I quickly learned that all SDIRA's are not created equal when they told me that my type of SDIRA can only invest in JP Morgan Funds from their platform. They directed me to another division of JP Morgan and after that phone call I quickly realized that JP Morgan was not the solution I was looking for. After about 30 mins worth of Google research I learned that I needed a IRA Custodian to begin this journey. I called the first google number I could find and started asking questions.

I was able to digest some of the information but I felt like some of the answers were a little rushed.  Does anyone here extensive experience with this? I'm still unclear how I can use the money, the best way to set it, etc.

I appreciate any and all feedback.

[J Zev J.]

@Mel Hayes - Definitely talk with some of the sdira providers on BP to get some direction.