BP podcast 258, self-directed monies

[Sonny Ruckstuhl]

There were 2 commenters after this podcast, but no responses from anyone about their issues.

In the podcast, it was not clear whether the person interviewed violated IRS rules about using self-directed retirement monies on projects he did.  I am trying to understand what exactly he did and how it stayed within the bounds of IRS rules.

There weren't enough details given as to how the self-directed money was used on a project that either he (or his company) worked on and stayed legal with the IRS.

@Brandon Turner @Amanda Han @Dmitriy Fomichenko, any insights available?

[Dmitriy Fomichenko]

@Gabe D.

Some questions came up as a result of your interview on the podcast. You discussed using your IRA to do your first flip, while personally doing majority of the work. This seem to confuse the listeners, can you clarify for us how you structured that transaction and to what extend you were personally involved in it?