How does self-direct IRA work? I was told I can use it to purchase investment profit by using my Roth IRA?

How does self-direct IRA work? I was told I can use it to purchase investment profit by using my Roth IRA?

I am trying to find a way to use my Roth IRA money to purchase single home investment property.. Someone told me that I need to find a Finanical institution offer Self Direct IRA in order to do this.. How does it work and who offer such service..

Thanks

Tags: finanical institution, home investment, investment property, ira money, roth ira, service thanks, single home, trying to find a way

This entry was posted on Monday, August 30th, 2010 at 4:14 am and is filed under Self-Directed IRA. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “How does self-direct IRA work? I was told I can use it to purchase investment profit by using my Roth IRA?”

pumpdatiron Says:
August 30th, 2010 at 4:14 am
Lots of options. Investment property cannot not be used for personal use. Link below has some useful info. Considering it myself…….

http://www.businessweek.com/magazine/content/06_06/b3970114.htm

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