A self-directed individual retirement account (IRA) is a retirement account that provides the account holder with greater control over the investments made within the account. With a self-directed IRA, the account holder can invest in alternative assets such as real estate, private equity, and more. Here are four ways to build wealth in real estate using a self-directed IRA: Purchase rental properties: One way to build wealth in real estate using a self-directed IRA is by purchasing rental properties. The rental income generated from the property can be deposited directly into the IRA, providing tax-deferred growth. Additionally, the property may appreciate in value over time, further increasing the account's wealth. Flip properties: Another way to build wealth in real estate using a self-directed IRA is by flipping properties. This involves buying distressed properties at a lower price, making necessary renovations or improvements, and selling them at a higher price
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)