How To Buy Real Estate in Your Self-Directed IRA

Download our getting started guide to investing in real estate with your IRA here: https://directedira.com/beginners-guide-investing-in-real-estate-with-your-ira/

In this episode of the Directed IRA Podcast, Mat Sorensen and Mark J. Kohler break down how to invest in real estate using your IRA, Roth IRA, 401(k), or HSA.

They explain how self-directed accounts allow you to buy rental properties, invest in syndications, and build tax-advantaged wealth outside of traditional stocks and mutual funds. Sharing real examples from their own deals, they highlight the potential for stronger returns, cash flow, and long-term growth.

They also cover key rules to know, including prohibited transactions and what you can’t do inside your IRA, so you can invest with confidence.

If you’re ready to take control of your retirement and invest in what you understand, this episode shows you how.

For questions or to learn more about this episode's topic, book a call with an IRA specialist here: https://directedira.com/appointment/

Other:

Mat Sorensen: https://matsorensen.com

Mark J. Kohler: https://markjkohler.com/ 

KKOS: https://kkoslawyers.com

Main Street Business https://mainstreetbusiness.com

Transcript

Welcome And Book Announcement

SPEAKER_01 0:06

Welcome everybody to the Directed IRA podcast. My name is Mark Kohler, and I'm here with the CEO of Directed IRA Trust Company. Directed Trust Company, the one and only author of the book, The Self-Directed IRA Handbook, second edition, Matt Sorensen. Yeah.

SPEAKER_00 0:26

Thank you.

SPEAKER_01 0:27

Do you want me to call you up tomorrow morning at 7 a.m. and do that again?

SPEAKER_00 0:31

I would appreciate it. It only happens here and only there was one person clapping. Two of you count me clapping for myself. Not even Tristan in our studio.

SPEAKER_01 0:40

Yeah. Yeah.

SPEAKER_00 0:41

Thank you, Tristan.

SPEAKER_01 0:42

Thanks for jumping in on that.

SPEAKER_00 0:43

But if I can just clarify one one really important thing, one misstatement in what you said.

SPEAKER_01 0:48

Oh, geez. Well, don't look at gift horse in the mouth, as they may say.

SPEAKER_00 0:53

The third edition of this self-directed IRA Handbook is out. Oh, is it out? It just went live yesterday. Well, how was I? This is my masterpiece. Okay. The first was good, the second was great. This one is the masterpiece. What's the cover look like? Have I seen the cover yet? Do you have it here? Yeah, I put I mean, are you following at Matt Sorns? Oh, your own part, your own part, or does it even get a copy? Yeah. Unbelievable. I don't have the physical ones here yet. Probably today, but you can buy it right now on Amazon. Get over. It's incredible. It's 20 bucks. It's for it to go by a penny.

SPEAKER_01 1:25

Do I'm am I supporting the Matt Sorensen Foundation if I go buy it?

SPEAKER_00 1:28

It would it would help. Every purchase counts. I'm trying to make the bestseller list. Okay, it is true. But in all seriousness, this book is the most widely used book in the industry. It's already sold over 50,000 copies. You can look at the reviews on the first and second edition, and the third's even better. Ooh, I like that. A black cover.

SPEAKER_01 1:46

That looks good. Add to cart. There you go. I can't request the signature of the author. Well, I'll have to just track you down.

SPEAKER_00 1:54

I'll sign up for it.

SPEAKER_01 1:55

Okay, I'll buy, I'm gonna buy two or three just to help the cause. Okay.

SPEAKER_00 1:58

Thanks.

Why Real Estate Inside Retirement Accounts

SPEAKER_01 1:59

Okay, there we go. I'm gonna go to check out. This is so good. Okay, well, everybody, today is a big show. We are excited about talking about buying real estate inside your IRA, your Roth, your 401k, your HSA, all the above. If you want to buy real estate inside a tax-preferred account, we know the path. We know the way. We're gonna show you how to pack your bags and load up your suitcase and take the happy train to real estate in your IRA. Yeah.

SPEAKER_00 2:26

Woo! We're not telling you where to go. That's up to you. That's the property you decide. Um, but yeah, we've got all the resources to help you be successful. So, Mark and I have done this ourselves. We've bought real estate with our own retirement accounts, our own tax advantage accounts. We've helped thousands, tens of thousands of clients and have tens of thousands of clients buying real estate with their IRA at directed IRA. Now, this is the most popular asset, and I want to make a couple of broad strokes for any of you that are new. You're probably familiar with an IRA that can buy a mutual fund or you can buy stock. You buy$100,000 worth of Facebook stock and you sell it for$150,000. You have a$50,000 profit, right? When you sell that for$150,000, the whole$150 goes back into your IRA, no taxes, right? That's one of the benefits of traditional or Roth IRA accounts is you're making money in the account, you don't pay any taxes. Well, the same thing happens with real estate. If I buy a property for$300,000 and it goes up to$400,000 and I've been collecting rent and cash flowing at$1,000 a month, all of that cash flow and gain, all of the appreciation when I sell for$400 goes back into the IRA. So now my account's worth$400. So what we've seen is clients who have been frustrated with mutual funds, ETFs, the stock market, that they don't understand. And they're not growing their account. They're fed up. And they're like, wait, I know real estate. I've done well in real estate, but I think it's a better asset class. How can I let my IRA invest in that? Because I want to grow my IRA to be the biggest account possible when I hit 65. And that's what we're talking about here. And we're talking about like the rental property down the street, like the single family property. We're not talking about like some publicly traded real estate company. You know, I'm sitting right here.

SPEAKER_01 4:05

You just want to boot the whole podcast?

SPEAKER_00 4:06

Yeah. I mean, I just bought your book and I don't even get some airtime here. Please. I was hoping you keep buying more. Um, you you do have a microphone. Yeah, you know, it's turned on.

What You Cannot Do In An IRA

SPEAKER_01 4:18

Okay, I think I didn't want to cut you off. You know, I didn't want to cut you off. No, that was an awesome summary. And I'm I'm glad you summarized it seriously right out of the gate because uh I think everybody needs to know what the hell are you talking about? And yeah, so uh buying, and I'd like your example too of that little rental property down the street could be owned by your IRA, but you did drop the S-word, syndication. Yeah, yeah. Yeah, you could, you know, a lot of private funds out there are doing multifamily, bigger deals, commercial. Yeah, those fall in the category. I I think um I'm gonna take another perspective here at the moment and say what this doesn't mean you can do, just for a moment, yeah, to give you some context. So Matt kind of summarized what you can do. I'll say what you can't do is you can't buy a rental property, like a commercial building in your IRA and rent it to your business. So you may be like, oh, I want this is awesome. I'll use my big old 401k from my prior job, buy a building or a little unit, and then rent it back to my business. No, that would be prohibited transaction. Get back to our last podcast. Number two, oh, I'll take my IRA and I'm gonna buy a cool rental property down by the university, and my kid can stay there while they're going to college. No, your family members can't stay in that rental property. You could rent it to someone else. There's a lot of other students in town. Run it away, run away, but your kid can't stay there. And then you may even think, oh, I'm gonna buy a rental and I'm gonna go fix it up. Oh, this is awesome. I love doing fixer uppers. I'm gonna go put my tool belt on and do this fixer upper, and my IRA can buy it and I'll fix it up. No, you can't work on it yourself. Now you can manage it and you can hire handyman and subcontractors to do it and still make a great return, but you're not gonna have that sweat equity opportunity. So there's boundaries, yeah, but I think looking at it from both angles gives you there's a clear path and there's a highway. I mean, it's not a little road here. There's a lot of options here. Are you gonna yield the balance of your time or Tristan? Did you record? You know, do we have a timer? Do we have to have like a little thinking what's going on today? We are both so like feisty.

SPEAKER_00 6:23

Feisty. Mark's probably on his third rock star. I did an energy drink and a latte this morning, not recommended, apparently.

SPEAKER_01 6:32

I was like, Do you have Parkinson's? You're a little gibbery over there. Yeah, a little early, yeah, early onset. I'm just so excited about this.

SPEAKER_00 6:38

I know. We both could just talk about this. Um, we want to keep this fun. We like doing this show. Love being with you, Mark. But um, but but I want you to think about it this way. Why would you do this? And Mark gave all the reasons what you can't do, which are kind of reasons why you shouldn't do it. We're not talking about personal use and a place where you can stay or your business is benefiting. What the goal here is, is how do I build my retirement account fast?

SPEAKER_01 7:05

Get a better ROI return on investment than you tell. That's why you're doing it. Can you know what? I'm gonna just hijack it here, and I want you to tell us your example of your first real estate deal. I love that example. Was it Minneapolis? Indianapolis, close same place, same thing.

SPEAKER_00 7:20

It's all the same.

SPEAKER_01 7:22

Midwest. I just offended, you know, three million people, but that's okay.

Matt’s IRA Rental Deal Breakdown

SPEAKER_00 7:25

Okay. All right. So which which group did you offend? The group group in Indianapolis or Minneapolis? Probably both. They're both like, we don't want to be. Yeah, you're an idiot. Okay, all right. So I bought this property in Indianapolis. This was a three-bedroom, one and a half bath rental property. I bought it for$84,000.

SPEAKER_01 7:46

You had$84,000 in your IRA?

SPEAKER_00 7:48

It took me time. Okay.

SPEAKER_01 7:49

This is building up, right? You're contributing and um saving$84,000 rental property in Indianapolis. So you bought a little meth lab.

SPEAKER_00 7:57

Yeah, and it was renting for$900 a month when I bought it. All right. Okay. I went by the time I sold it, I owned it for about four to five years. Um, my rent was$1,200 a month. Okay. Okay, rents have gone up, which is great. And but I sold the property for$185,000. Ooh. Okay. Um, I bought this in 2017. I sold in about 22, 23. That was a good period of real estate, right? Real estate can be cyclical, and that was I bought at the right time. And so uh And you had all the rental income a long way, less management fees, maybe a little repair here and there. I had a property manager. So, okay, all right, here's what I did. I had a real estate broker friend of mine. He's a client of ours, Steve, great dude. He spoke at our self-direct IR, Steve Olson. Um, he's still in the real estate real estate game, but he was buying rentals for himself in Indianapolis. And whenever I know like a professional that does something for their self themselves, you know, you're like, let's get on that trip. Yeah, I'm like, all right, this is what you're doing with your money, you know. What are you buying? And he's he's getting, I'm like, dude, get me one of those. Okay, so I did it. So I set up an Indiana, Indiana LLC. Now I had my self-directed account, my self-directed retirement account, and it owned an LLC 100%. That LLC went and bought the property. Now we have other shows on the IRA LLC, sometimes called Checkbook IRA. You could buy the property directly in your IRA, but I use the LLC structure. And so, but I acquire the property, and the lease, the property is in the name of the LLC. The rental income is going to the LLC bank account and it's building up. Now I have other money in this in the market, of course, not doing as well. I mean, it was still decent stock market returns, but not like this. So how long did you own it about? About four and a half years, I'd say.

SPEAKER_01 9:36

Okay, and so you had rental income of about$800 a month, let's say on average, after management fees over the four years.

SPEAKER_00 9:42

Now I had a property manager charging me 10%.

SPEAKER_01 9:45

Okay.

SPEAKER_00 9:45

I had a little bit of tenant turnover where I missed a month of rent. I probably had that twice over that period. And I had because I had three different tenants over that four to five year period, sadly.

SPEAKER_01 9:55

And your rent went up, but I'm just gonna say a lower average of$800 a month for for 12 months times four. That's 38 grand in rent. Yeah, plus it went up about 100 grand. Yeah. So you had a hundred and thirty-eight thousand dollar return over um four years.

SPEAKER_00 10:14

Um I probably had about a couple, I had a couple thousand in repairs that I had to do on the property when one of the tenants trashed it and I had to chase him down.

SPEAKER_01 10:22

That's a 70% return, but over four years. Yeah. So if we take 70% and divide it by four, you averaged a 17.5% return. Okay.

SPEAKER_00 10:33

It was a little better than that. I ran the math on it. But yes.

SPEAKER_01 10:36

So around 20, maybe.

unknown 10:37

Okay.

SPEAKER_00 10:38

I think I was about a 30% annual rate of return when I ran the number.

SPEAKER_01 10:40

Oh, when you ran the number of money.

SPEAKER_00 10:42

When I ran the actual numbers of what I got on rent, cash flow. But that's also what I sold it for. Yeah.

SPEAKER_01 10:47

I'm getting 25% in my mutual fund.

SPEAKER_00 10:49

Yeah. Now I left out an important detail.

SPEAKER_01 10:51

That was a joke, by the way.

SPEAKER_00 10:52

Oh, yeah. I left out an important detail because you started running the math. Okay, because I was trying to keep it simple.

SPEAKER_01 10:57

Yeah.

SPEAKER_00 10:58

I got a non-recourse loan when I bought this property. I actually only put in$40,000.

SPEAKER_01 11:03

Oh, okay. There you go. Now I double this because that's now that 17 and a half goes over 30. Yeah. There you go.

Opportunity Cost And Comparing Returns

SPEAKER_00 11:09

So I had the bank lend me the other 45. Okay. And um, but now that affected my cash flow a little bit, but my mortgage payment was like 320 bucks a month or something. Yes. Now I've been that much. There you go. And but I was still cash flowing right out of the gate. So, but I went and did that. And I decided I'm going to do this with my own account because I've always done better in real estate. I've made money at real estate. I feel like I have a competitive advantage. I have more control and more say. I just enjoy it more. And so that's what my retirement account did. It modded boring, three-bedroom, one and a half bath rental property. It cash flowed. It took some work. It was more than just typing in a ticker, but I use other professionals, an agent to help me buy and sell it. I use a property manager to manage the property. I never even went to the property.

SPEAKER_01 11:56

Now, I and some of you may have been like, whoa, Mark, you threw me off. You were jumping into the math real quick. Matt was trying to keep it simple. But let me point out why I did that. Because all of us should be looking at what is the opportunity cost, or what is my next best alternative, or what is my other option? Those are thoughts you should be having. When you're trying to build a retirement account, you're gonna say, okay, I challenge all of you, go open that envelope you haven't opened in months that shows up every whenever, or maybe it's in your email of how your 401k is doing, your old 401k from your prior job, or a CIRA. Open it up and look at how much you invested in there and how much you've been making. What's the overall return? If it's less than 10%, you're in 80% of what most Americans get. If you're getting anywhere between five to 10%, you are in the far, far majority. And that's not terrible. That's okay. Yeah, but we would love you to do better than that. And so you want to compare it against the alternative. So you may go, well, I don't want to pay a property manager and I don't want to pay a handyman and all that. Look at Matt paid a property manager. He used leverage and he did over 30%. Um, okay, compare that against what you could get. That's what we're asking you to do. Think about I don't know what you want to invest in. What are you good at? You know, we got there's a hundred things. Today we're talking about real estate. But if you know real estate, holy crap, compare it against your next best choice.

Mark’s HSA Rental Property Strategy

SPEAKER_00 13:26

Yeah, perfectly said. And um, and sometimes it's just also some people want a little diversification, they want to do something a little different. They're sick of seeing their entire investment portfolio go all up or down together because it's all in the stock market, you know, and so having a little bit of variety in there can be good for you. Um, so do you want to do my example now? Yes, let's do mine. Yeah, okay.

SPEAKER_01 13:50

I'd love to I I know yours, but yeah, the audience does not. They do not, they may not. So uh so I had a health saying I did not have 40, 50, 80 grand, 100 grand like Matt Storenson. He's been a better saver than me. That's a whole other podcast where we've talked about where do you take your business profits. That's a whole other topic, but I hand it to my partner here. He was saving while I was reinvesting in different business um projects. So whatever. I did not have that nesting. Some of you may, some of you may not. So, what did I do? Well, I had a health savings account. This was like 14 years ago. Oh my gosh. The health savings accounts were just the hottest, coolest thing I and I still think they are. But I put put 4,500 bucks. This year you can put in almost 9,000 as a family, but back then it was around 4,500 bucks. And I funded my health savings account. And I was like, darn it, I want to buy a rental property like Matt, but who's gonna loan me enough money with$4,000 down to buy a freaking rental property? Well, at the time, and I just texted him this morning, Chris Albin, he's a real estate educator, he's just an awesome dude. He's out in Chicago, and he has been in real estate his whole career and a high school. Um former high school teacher, turned real estate investor. And so he built up over 300 rental properties while he was a high school teacher during his early career. It was just phenomenal. Now, these were all low-income housing project properties. The average purchase price was 30 to 40 grand. Uh, section eight properties, federal subsidized rent areas, kind of scary places you don't want to walk around and hang out in with and say hi to your tenant sometimes. But he had cracked the code. So I called Chris and I go, Hey, I got 4,500 bucks. Is that an option? Can I get into something? He's like, Yeah. He goes, I got this little property in Elgin. I think I can get you for to it get you into it for under 30 grand, 10% down is around$3,000. The seller's carrying the note. I'll put it on my property management pool. Let's go. I'm like, I opened an LLC like Matt did. My HSA owned it 100%. I dropped in the$4,500, and I literally had three enough$3,000 to buy this little rental property. And rent was back then about$450. Um, and then it went up and seven, eight, now it's around$900,000. But this little rental property um I've had for over 10 years, but it was in my health savings account. Now, here's the cool part for me when that rent came in, I could take the rent from the LLC and send it back to directed IRA to my health savings account and then request a distribution to pay for my kids' braces. For a and that's what I did. I used it for dental for the most part because I had regular health care, but I never had dental insurance. So I used my HSA rental income to pay for kids' dental stuff, you know, over the years. And that's how I used it. I did I didn't have to wait till I was 59 and a half or whatever. I could just take that profit and put it in there. So I called Chris this last week and said, Hey, I'm ready to sell that sucker. I want to go buy more cows with my and he goes, Yeah, I think I can get about 45 for it. I mean, it's still a you know, low-income housing area. But he goes, You paid down the mortgage a little bit, and he goes, because we had to fix that, you know, roof and this and that. And I mean, it's a little low-income property. Yeah, it's older, you know. Um, not the you know what I found out I've had the same tenant the whole time. That's cool. This little old lady, uh section eight housing, um, federal subsidized. And he's like, She just won't move, she's gonna live there forever. And he goes, What do you want to do? I'm like, let's sell it, you know. So another buyer that's buying a bundle of these little low-income projects, uh, is interested. So he's sending me some paperwork. We're hoping to close the deal. But I'm gonna take the profit from that, put it back in the LLC, and redeploy it, I think, in some livestock or some ranch type stuff. Yeah. That's been awesome.

Other Plays: Flips Syndications Lending

SPEAKER_00 17:52

See, there you go. So um, two quick examples of what you can do. Your IRA or HSA, whatever this tax advantage account is, can buy property. Now we did holds, we both held those as rental properties. You could flip it. We have lots of clients whose IRAs will go and buy a property, they'll pay a contractor to rehab it, and they'll flip it. Your IRA could just wholesale contracts. And you generally use the IRA LC, it's getting property in our contract, and you're wholesaling the contract, making a small little profit too. Um, as you go, you could be doing options on real estate, you could be buying land.

SPEAKER_01 18:27

Um I've got another good one. Yeah. So some of you might have an influencer you're following that's doing a syndication. They're like, hey, we're raising money for this multi-unit. In fact, I'm on real wealth tomorrow with Kathy Fetke. They've always got uh a new project going on in a multifamily scenario. And if you're an accredited investor and you're like, hey, I'd like to invest in this little syndication real estate deal, you can't call Merrill Lynch and do that. You can't call Fidelity and say, hey, I want to invest in Kathy Fetke's project. They're not gonna go for that. So um that's not they don't make a commission on that, they don't sell that stuff. So for any of you that want to get into some private real estate projects, you just roll that money over to directed IRA, open the type of account that you're using, could be a Roth, a 400K, IRA, whatever, bring that money over and say, Hey, I'm gonna send over those syndication documents. I want to be in that real estate project. And you're probably gonna do better than a REIT or something that Wall Street can manufacture for you. And so that's an option.

SPEAKER_00 19:27

Yeah. Yeah. So I mean, you know, we don't have any advice here. What's our purpose is not to give you investment by about what to invest in or who to invest with. This is what you're doing with your self-directed IRA. It's the Meth Lab rental in Illinois, it's the property in Apple somewhere. You're talking about my rental or your rental? That's personally offensive, you know. I mean, I you know, I don't, I don't know what was happening there. So it doesn't, you know, the rent was paid in cash, whatever.

SPEAKER_01 19:54

Yeah, little bag of cash every week. The guys were great. Lots of blame. Loved them. Her son was their grandsons were great. Yeah, really helped out.

Two Key Takeaways And Next Steps

SPEAKER_00 20:01

Yeah, so anyways, I was trying to keep it light. Um, but these could be big projects, this could be small projects, syndications, it could be a little partnership of five or six people coming together. Yeah, some people with IRAs and individual cash to take down a real estate deal, probably in an LLC type structure. You can do private lending. We'll have separate episodes on that where your IRA is the lender on other people's real estate deals, getting interest and points back. The key thing here is there's really two key points and takeaways, but we want to leave. One, you need a self-directed IRE to do this. You're not doing this at Merrill Lynch or Fidelity, like Mark said. Okay. They they're broker dealers, they let you invest your account with them and what they happen to sell, publicly traded securities. The second point is you would do this, or this is a good idea if you believe in real estate as an asset class or even a particular class within real estate, and you think you have a right deal opportunity better than, as Mark said, the next alternative, or or think about what you're currently invested in with your retirement account. If that speaks to you, you should take action. Get going on this, take control, open up a self-directed IRA, book a call with our team at directed IRA. We can help answer all the questions. We have tons of educational resources, summits, webinars, newsletters. We have it all to get you set on the straight path and uh be just part of the journey here because you're taking control of your retirement.

SPEAKER_01 21:21

I wish we could go into more detail on the IRA LLC or some of the actual We have other podcasts to do that.

The Rule Of 72 Explained

SPEAKER_00 21:26

Yeah, we have other podcasts to do that. So yeah, so don't worry about that.

SPEAKER_01 21:28

I want to bring up one last topic, and I love it when you talk about it. I'm gonna hijack it, is the rule of 72. So Matt was averaging over 30% on his deal. God bless him. That was amazing. And um, I love Steve Olsen too. I I need to say hello to him. My daughter used to babysit for him when she lived near him. Um and uh my little project probably averaged around 20% when it was all said and done. So let's just say you're getting 8% on your mutual fund or ETF. If you've Never heard of the rule of 72, what it means is it helps you figure out how quickly that money is going to double. So let's say you've had a hundred grand. You know, I hope that's the case, some of you out there,$100,000 and you put it in an ETF and make 8%. You take$72 and divide it by eight. That$100,000 will double in nine years. So$72 divided by eight tells you how many years until that hundred grand turns into 200 grand. Well, let's say I'm going to just throw it out. You you have some insider knowledge, you've got some insider skills on real estate. You take that 100 grand and buy some real estate. And let's say you average 22%. I know that maybe some of you are that's that's heresy. You're gonna put, you know, you're gonna put comments out there that Mark's Kohler's crazy. We see it all the time. Some of you can do it with your own money, doesn't mean you can't do it with your IRA, but let's just say it's 22%. 72 divided by 22 is approximately three years. So that 100 grand is gonna double in three years and turn into 200 grand. Then in three more years, it's gonna double and turn to 400 grand. And then in three more years, the same time period, that nine years, you have eight hundred thousand dollars. The rule of 72 would tell you that that 22% in nine years is gonna turn to 800 grand, or you can get an 8% return and it'll turn into 200 grand. That is the magic here. You get to choose what you invest in. I don't know if you're gonna get 22% return, but probably more than eight.

SPEAKER_00 23:32

Yeah. So, and this is up to you. And I say self-directing is not for everyone, but it's for sure as hell more for more people that aren't doing it and don't even know it's possible. Yeah, and that's who we're here for. So uh we've got a lot of other educational resources. You can get directediary.com. Again, book a call with our team, tons of resources there. The third edition of my book that we mentioned. Oh my gosh, dude.

SPEAKER_01 23:54

Plugged it again. You know what I found out? Yours is$19.99. My book is$20.25. I don't know what's going on. Yeah, I don't know what that says.

SPEAKER_00 24:04

Is yours worth more or is uh are people overpaying?

SPEAKER_01 24:07

I can get mine overnight. Yours is not gonna come for a couple more days. So I don't know, maybe that's what you're paying for.

SPEAKER_00 24:12

That's because no one's buying yours, so it's just sitting on the shelf there, right?

SPEAKER_01 24:15

Unbelievable. You know, I just bought three copies. You know, you know, it hurts. It hurts.

SPEAKER_00 24:21

Mine's just flying off the shelf, you know.

Closing Plugs Reviews And Disclaimer

SPEAKER_01 24:23

Yeah, yeah. Anyway. Oh, whatever. Well, everybody, thanks so much for listening today. And I will endorse the Matt Sorensen third edition without even reading it. I will endorse it. I just bought three copies myself. Get to Amazon, buy a copy, uh, give it to your best friend, your neighbor, your parents, and uh dive in to the beautiful world of self-directing. We'll be here every week. Make sure you give us a like, two thumbs up, five stars, and be here to continue learning about how to self-direct your retirement account. Thanks, everybody. And thank you everyone for listening. A quick disclaimer and reminder: this presentation does not constitute an attorney or CPA client relationship, and it is always in your best interest to consult competent legal and tax professionals when conducting your own personal transactions.

SPEAKER_00 25:14

We also want to make sure you know this is not investment advice or financial advice. We're just trying to give you education, ideas, and strategies you can take to your professionals or conduct your own research on. We'll see you next time.