Timothy Sumer

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 ...