Did you know that it is possible to invest into real estate with your IRA? It is! Anyone can open up a self directed IRA account and start investing into Real Estate today.
A self directed IRA plan is a retirement plan that allows investors to invest their money however they would like to. Almost any kind of investment is available for self directed IRA holders to get into and one of those investments is of course real estate.
For everyone who does not know what exactly real estate investing is here is a simple definition. Real estate investing involves buying houses or apartment buildings and then renting them out. The idea here is that the rent money will pay for the mortgage and hopefully all of the bills. As the house appreciates you become wealthier and as you pay it off you start making passive income.
It is a fantastic way of growing your money, because after all, what is safer than real estate? They are not making any more land and people are always going to need a place to sleep. The land owners have always been the wealthy and even though our world is getting more complex it is a trend that continues to this day.
So, how do you set up a self directed IRA and start investing into real estate today? Well the first thing to do is to find a list of banks and brokerages that will host it for you. Most places will host some sort of Self Directed IRA, but before you jump in without warning make sure that you do know what you are getting into.
While there shouldn’t be very many limits on what you can invest into with a Self Directed IRA some plans will actually put limits out their versions. Before you sign up with anything go over what thieir rules and fees are first.
Doing research on these plans can be a big inconvenience, but it is worth it to make sure that you are not going to get into a plan that will charge you to death and not let you invest into anything that you want .
For more on creating a Real Estate Investment in IRA read this IRA Real Estate Investing article. Also published at Buying Real Estate In An IRA.