Setting up self directed IRA and how to use it to purchase a property

[Xeng Thao]

Hi everyone. I read some of the posts about self directed IRAs but still feel a bit unsure. I am in the process of getting my 401k accounts rolled over into an IRA with Fidelity. I just got off the phone with them and was advised that the IRA accounts would already be self directed. I'm still a bit confused as to how I can use it to purchase property though. If anyone has a good contact who can explain and assist me to set it up correctly for buying property, that would be great. All advice is welcome though. Thanks!