Self Directed IRA Investing Scenarios

[Richard Jump]

Hello everyone... I recently set up and have moved money into a Self Directed IRA. I initially thought I would loan money on a short term basis to a group that bought, rehabbed and sold properties, but discovered other opportunities once I networked with other local investors.

With a variety of investment options, I met with real estate attorneys regarding required documents and to figure out what their involvement would be with each investment.  I came away with a very strong feeling that they thought this type of investing was more risky than what it was worth.  Needless to say, this took the wind out of my sails.

Considering I'm just learning the self directed funding processes, I'm wanting to learn what scenarios more seasoned SDIRA investors have pursued that might ease me into the use of my funds.  I think I would be most comfortable with scenarios that have minimal legal involvement with a decent rate of return.  Examples of your favorites would be appreciated... along with the types of legal documents and expenses one should expect.

Thanks in advance for your assistance and sharing your experiences.