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If you’ve ever invested in real estate, you’re well aware of the amount of homework involved. You have to know the area. You have to know the location, the taxes, and all of the subtle details that go into identifying a strong investment. And, like many real estate investors, you might sometimes get frustrated by just how hard it is to invest personal funds into this passion. But what if you were able to invest retirement funds into a real estate property with a Self-Directed IRA?
The Benefits of the Real Estate IRA
If using a Self-Directed IRA for investing in real estate, you’ll find that there are some important rules to follow. Most notably, you should not transact with a disqualified person using your Self-Directed IRA, such as purchasing a piece of property and renting it out to someone you know. Nor can you use your Self-Directed IRA to loan someone you know money.
But these rules also come with the benefits of retirement investing, including:
These benefits are great for experienced real estate investors. But what if you want to start out with a Self-Directed IRA and leverage that experience, without having the experience of investing within a retirement account?
Preparing Yourself for Real Estate Investing with a Self-Directed IRA
Now it’s time to think about how you’re going to approach your Self-Directed IRA for real estate investing. Here are a few key tips:
How can you get started with real estate investing? It’s often good to have some experience built up before you begin with a Self-Directed IRA. But with a Self-Directed IRA, you can essentially give your real estate investing an “umbrella” that makes it much easier to build wealth over the long term and establish a retirement portfolio.