Updated almost 11 years ago on .
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Let's Define Checkbook Self Directed IRA
It sounds like any other Self Directed IRA.
What's different?
Google led me to an Entrust website. Any other good information sources you'd like to suggest?
Alan
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Self-directed IRAs and solo 401(k)s are great tools
Educating regular IRA holders that have money in traditional IRAs like Merril Lynch or Charles Schwab is not an easy feat in order to be able to get private money for your deals.
You need to educate yourself as a real estate investor how it works.
There are great websites like PenscoTrust.com and trustetc.com
The private banker concept started in the 80s to get people to open up a self-directed IRA and lend you money, you the real estate investor
One of the best ways to educate a potential private lender is to give them a book written by Patrick Rice and it's called IRA wealth, try to get them used on Amazon and hand them out
it's what I do to financial planners and CPAs
If you can educate yourself on private lending and help people move money from a traditional IRA into a self-directed IRA you can get quick loans for your deals