Our loan officer is going to take the concept to the next board meeting and see how it goes.

I believe it goes back to that concept of there being multiple paths to reach your destination.

I think it’s very important to read books outside if RE investing as many of the concepts are applicable and I’d highly recommend The Most Important Thing by Howard Marks, Influence by Robert Cialdini, Deep Simplicity by John Gribbin, and Thinking Fast and Slow by Daniel Kahneman.

She wants to see a proof of concept and then she will be much more interested in going back in. 

I would be careful underwriting at any specific number lower than 45%-50% until you have proven the concept in your particular target market.

This is a new concept to me.

Hey Joel,I like the concept a lot.

That is an interesting concept for sure.

Just like any other IRA, the concept is the same, the only difference with self-directed IRA is the ability to invest in alternative assets outside of the stock market. 

They didnt believe in my concept and didnt think it would work.