Another way to make money with your self directed IRA

Was chatting w an investor at church. He's using his self directed IRA to provide second deeds of trust to purchase money buyers that are credit worthy but don't have a full 20% down payment. There's a real need in the market right now - since subprime went away. He's also making a much higher return than your standard savings account without riding the wild fluctuations of the stock market.

Don't have a self directed IRA? Never heard of one? Well, if you're happy with your current 3% return from your money market account, don't call me. If you have a bunch of lazy assets that could be making 8% or more, let's talk.

Hmmm - your first simple money making idea of the year!