Buying real estate with an IRA is possible

Full quote provided:

“It may be tempting to buy a beach house with an IRA, but there are strict rules against holding investment properties for personal use. The property should be treated like business, with detailed records for rental income and expense receipts.
If an investor is simply seeking exposure to a real estate market in an IRA, using a REIT can be considerably easier. There are plenty of exchange-listed REITs that offer exposure to specific kinds of real estate.

From an investment perspective, a larger, multi-unit, property would likely be more suitable than a smaller one like a beach condo. More rental income helps amortize the fixed custodial fees.”