Heard about buying Costa Rica real estate in your IRA? Are you ready to diversify into a HARD ASSET investment, but all of your net worth is in your IRA or 401K? Unsure of what the stock market is going to do? Worried about future US real estate taxes and capital gains? Smart investors are diversifying their portfolios and investing in hard assets like international real estate. Costa Rica is the oldest and most stable democracy in Latin America and is becomming a very popular tourist and retirement destination. You should consider buying real estate in Costa Rica. Steps to Purchasing Real Estate in your IRA are very simple. There are also companies that specialize in assisting you with all of the legal documentation to keep you up with the IRS standards so as not to jeopardize your tax free status. Oceanside Realty can assist you with information and also put you in contact with a facilitation company. Buying with your IRA is as easy as doing a self-directed IRA / investment. 11 Simple Steps to Owning Costa Rica real estate in your IRA 1. Contact Oceanside Realty in Jaco and locate your Costa Rica real estate property.
2. Determine your down payment and available funds. 3. Calculate cash flow. Consider additional reserve funds in the event of vacancies or other expenses. 4. Make an offer to purchase a Costa Rica property or home in the name of your IRA. 5. Complete and send a "Buy Direction For Real Estate" document to your IRA administrator. 6. Open escroll and complete Costa Rica title search through your Costa Rican attorney. 7. Close on the property in name of your IRA. 8. All income from your Costa Rica investment property must be directed to the IRA. 9. Mortgage, utilities and other expenses in Costa Rica will be made on your IRA's behalf by your administrator. 10. Income from your international real estate investment in Costa Rica grows tax free in both Roth and Traditional IRA's. 11. As you accumulate cash in your IRA -- you can invest in additional Costa Rican properties. Contact the professionals at Oceanside Realty for detailed information on how you can purchase real estate in Costa Rica with your IRA funds and for additional information. North America Toll Free: 1-866-847-9526. Note - Oceanside Realty, SRL and its contractors and employees are real estate agents and advisors in the real estate business with the primary focus on selling real estate in Costa Rica and are not licensed to trade or advise on securities information in the US, Canada and/or Costa Rica. The information above is provided only to inform clients and potential clients that the option may exist for them to use funds from their IRA or other retirement accounts in the USA. Oceanside Realty strongly recommends each client to contact their licensed tax professional and legal advisors and attorney in the United States or their home country for detailed information and advice prior using or directing IRA funds to purchase real estate. |