This week's guest is Terry White, the president and CEO of Sunwest Trust, Inc. Sunwest Trust, Inc. is a financial services firm that offers real-world solutions to clients who need help with their self-directed IRA and escrow management needs.

Terry started First Financial Escrow, Inc. Over the next few years, he also started other businesses like First Financial Equities, Inc., Asset Ventures, Inc., and First Financial Marketing, Inc.

Aside from acting as CEO of Sunwest Trust, he was also appointed to serve on the Board of the New Mexico Finance Authority.

Topics:

• Terry's background and what his company does

• How he started Sunwest and how they are helping their clients

• Why he started the trust company

• On doing your due diligence and understanding what you are investing in

• A lot of money on the sidelines just waiting for a good investment

• On diversification

• Buying and selling owner financing

• Thoughts about investing on debts or buying notes

• On self-directed accounts

• The key is knowing what you're doing

• Different ways you can invest in real estate using a self-directed retirement account

• On making offers

• What some of the prohibited transactions are

• What a checkbook IRA is

• Difference between a 401K and an IRA

• Terry's favourite type of account

• Risk versus reward

Quotes:

"You need to do your due diligence and understand what you are investing in." "I think it's super important for people to take their time to educate themselves so that they don't take their retirement account to an investment that they may not be the best one for them." "The higher the reward you get, the higher the risk."