Posted by David Alexander on December 25, 1998 at 12:42:20:
Simply put, it is an IRA set up with a custodian,
that lets you make the choices of which investments.
I currently use Mid-Ohio. You can direct your funds
to buy paper, do rehab deals, promissory notes, etc.
When you have your money in a typical account say for Mutual funds, Your money compounds at one rate.
But, on the other hand if you are constantly getting
that money back in from say paper investments, and reinvesting it you start a compounding of assets, and your yield skyrockets.