There?s real long-term investment growth potential in using tax-deferred funds to purchase property.
* Real Estate (land, condos, commercial property, etc?)
Real Estate IRA Step #1: Find a Competent ?Custodian?
Real Estate IRA Step #2: Find a Suitable Property
You?ll probably want to enlist the help of a competent local real estate broker to find a suitable property.
In addition to domestic homes, condos, land, and commercial properties, some custodians may permit you to purchase foreign property.
Real Estate IRA Step #3: Assembling Your Funds ; Closing
Real Estate IRA Step #4: Operating Your Property
Real Estate IRA Step #5: Selling Properties Held By Your IRA
A commercial real estate broker provides a service between buyers, sellers, and rental agreements of real estate. Brokers are responsible for managing a team of real estate agents, to assist people in buying, selling, leasing, or renting commercial properties. Properties handled by commercial brokerages often include office buildings, hotels, apartments, retail, hospitality, shopping centers, and industrial properties. In order to get a broker?s license, the real-estate agent must pass a brokers state exam, as well as complete some course work, or training. Usually, after receiving accreditation, the broker will either continue to work for another broker, as an associate broker, or start a business of their own where they will manage a team of real estate agents.Brokers, who have their own brokerage business with real estate agents to manage, must have a very good working knowledge of legal procedures, and requirements. Brokers may be called upon to provide for sale by owner (FSBO) document preparation, and paperwork, but in commercial properties this is much less of an occurrence than with privately owned residential properties.A broker will also offer guides to property owners on how to sell, or rent their property, and assist with property management process.
Source: http://www.koguryo.org/commercial-actual-estate-the-life-of-a-broker/
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