Monday, January 3, 2011

Purchasing Costa Rica Real Estate in your IRA


Buying Real Estate with your IRA is actually a very simple process, just follow the easy steps below:

· Determine what your down payment will be and the available funds you have.

· Evaluate cash flow. Take into account additional reserve funds in case of vacancies or other operating costs.

· Make an offer to buy a property in Costa Rica under the name of your IRA.

· Fill out and send a "Buy Direction For Real Estate" document to your IRA administrator.

· Use your Costa Rican Lawyer to complete your Title Search and open Escrow.

· Close on the property in name of your IRA.

· All income from your investment property in Costa Rica needs to be directed towards the IRA.

· Acting on behalf of your IRA, your administrator will handle the Mortgage, Utilities and other expenses for your Costa Rica Real Estate.

· With both Roth and Traditional IRA’s, your income from your real estate investment in Costa Rica will grow tax-free.

· As you accrue cash in your IRA, you can purchase more international properties and/or invest further in Costa Rican Real Estate.

**I would be happy to put you in contact with companies that specialize in helping you with all of the legal documentation required by the IRS so that you do not risk your tax-free status.

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