Self-Directed IRA

[Mike White]

Hello,

I'm new to buying investment properties. My wife and I currently own our home and have two bids recently accepted for properties we plan to use as rentals. My question though is about Self-Directed IRA. Can we roll our current 401K's into one and then use it for purchasing rental properties?

Please excuse my ignorance on this topic, just trying to understand a bit more about how they work?

Thanks,