Did you know that you can use your IRA to purchase investment real estate in Costa Rica?
Steps to Purchase Your Costa Rica Real Estate Through Your IRA
1. Contact Oceanside Realty and locate your investment property.
2. Determine your down payment.
3. Calculate cash flow. Consider additional reserve funds in the event of vacancies or other expenses.
4. Make an offer to purchase in the name of your IRA.
5. Complete and send a "Buy Direction For Real Estate" to your IRA administrator.
6. Open escroll and complete title search.
7. Close on property in name of your IRA.
8. All income from investment must be directed to the IRA administrator.
9. Mortgage, utilities and other expenses will be made on your IRA's behalf by your administrator.
10. Income grows tax free in both Roth and Traditional IRA's.
11. As you accumulate cash in your IRA -- you can invest in additional 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: 866-847-9526.
**Oceanside Realty, SRL and its contractors and employees are real estate agents 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 nor Costa Rica. The information above is provided only to inform clients and potential clients that the option may exist for them to invest funds from their IRA. Oceanside Realty strongly recommends each client to contact their licensed advisor in the United States for detailed information and advise before using or directing IRA funds to purchase real estate. |