For years, Detroit, Michigan has been hot on the market primarily because of its inventory to price points and not having an SDIRA or self-directed IRA. With its numerous economic developments, there are issues that are lagging around such as the city being on the verge of bankruptcy. If you are planning to invest here, reaching out to others such as a CPA or an attorney who is not on the mock arena is a recommendable. Working with a company that is an expert at pulling data minimizes the risk of losing an entire SDIRA. In this episode, Scott discusses a recent hiccup in the city for SDIRA investors who are looking to fund the deal in their IRA account name and how to fix it.
