Use Your Retirement funds to Purchase a property in our country before you retire
Many of you might say: “that’s impossible”.
Well, I’ve got news for you, it is possible, legally and you can save a lot of money. How can you save money? By using your retirement funds to purchase property in Costa Rica without having to pay taxes over those funds. Over the years, we’ve had many retirees invest their IRA or 401(k) retirement funds in
- Beach home
- Beach condo
- Condo in the Central Valley
- Single-family home or villa
- Raw land for future subdivision development
- Vacation rental
- Bed & Breakfast
- Hotel or
- Commercial property
These properties are all income-producing properties. That’s all you need to be able to use your 401(k) or IRA retirement funds without having to pay your taxes on it.
Are you looking to buy your retirement home ahead of time, just to get a foot in the door and make a nice ROI on your retirement money? You can rent the house owned by your self-directed IRA or 401K retirement funds until you need it. This way, you can save yourselves some tax dollars and take advantage of this possibility if you are a U.S. citizen. There are many advantages to it if you do so, read up on it or ask your GoDutch agent for more info.
IRA or 401(k)
Do you know you can buy real estate abroad through your self-directed IRA, 401(k), or others?
You can, through a self-directed IRA or a Roth IRA and several other ways. Several IRA and 401(k) custodians can inform you all about it. Many IRA custodians will tell you that buying real estate in another country through your IRA or 401(k) retirement funds is illegal, but that is to keep control over your funds. We suggest you first talk to your custodian and if he gives you a negative answer, talk to the people at Entrust California. They offer investment workshops and seminars, for beginner to advanced professional investors. They do not limit your investment choices nor do they give you investment advice.
GoDutch Realty has worked many, many real estate transactions through many different custodians all over the USA. We can assure you of an easy, easy-flowing relationship with them, so we can close your purchase of properties without any difficulties. Now you can retire in Paradise and invest in your future home now.
Real estate attorney
Do I need a real estate attorney in Costa Rica to be able to use my self-directed IRA or 401(k)?
Yes, you do need a real estate attorney to help you set it up correctly. The rules are constantly changing because of money laundering laws and terrorism issues. Therefore, you need to contact the right real estate attorney in time. Make sure he/she understands the whole process to be followed. The whole closing process has to be adjusted to the IRA or 401K rules and regulations and you do want to make sure you do all the right things.
Ask your GoDutch Realty agent to help you set up the right connections.
