What is a real estate IRA or self-directed IRA?
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What is a self-directed IRA or real estate IRA?- The term “self-directed” simply means that you, as an individual, have complete control over selecting and directing your own individual retirement account or 401k investments.
- Once established, your account can buy real estate, notes, limited partnerships, commercial paper and many other types of assets.
- With a self directed individual retirement account or real estate IRA, you make all of the decisions regarding your investments.
- The self-directed IRA custodian or administrator completes the documents required to establish your account and purchase your investment.
- A real estate IRA is simply a self-directed IRA that holds real estate.
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