With the housing market showing signs of stabilizing, investors are turning back to real estate. And an increasing number of affluent savers have been using their retirement accounts to purchase homes, rental apartments, and other properties. To buy real estate within a retirement account, you first need to set up a “self-directed” IRA with a custodian.
Real estate investment brings about potential pitfalls
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Douglas Elliman settles the commission lawsuits
The firm will pay an initial amount of $7.75 million into the settlement fund, with the possibility of another $10 million in the coming years