Question for those who are interested or who have a self directed retirement account

[Jonathan Chan]

After opening a SDIRA or Solo 401k, what's some information you'd find helpful? Would it be information about how to deploy your cash, investment types, additional information about your current retirement account?

[John Underwood]

The rules about what you can and can't do with your account.

The best way to use the money in your account to grow it.

For me I used SDIRA ROTH accounts so that the money grew tax free and not just tax deferred. I also bought property tax liens at auction that turned into tax deeds and rental properties that my IRA owned.

It's important to keep cash reserves to pay for taxes, insurance and unexpected repairs.

It's also important to realize that you can't be over working on these properties. All repairs and maintenance needs to be hired out.

Know the rules to make sure you don't do anything to put your IRA in jeopardy.