Use Your Retirement funds to Purchase Costa Rica Real Estate 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.
You are looking to buy your retirement home ahead of time, so you get in before Costa Rica becomes too expensive for you? You can rent the home 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)
Real estate in Costa Rica owned by my IRA retirement fund or my 401(k) retirement fund?
Do you know you can buy real estate in Costa Rica through your self-directed IRA? You can, through a self-directed IRA or a Roth IRA and several other ways. Several IRA and 401K custodians can inform you all about it. Many IRA custodians will tell you that buying real estate in Costa Rica through your IRA or 401(k) retirement funds is illegal, but that is to keep control over your funds. To show you that this is a reality, we can offer you three different custodians we have worked with and who know how to guide you well. On their websites, you’ll find all the necessary forms, info, email addresses etc. available to you.
- Entrust California
- They offer investment workshops and seminars for everyone, from the beginner to the advanced professional. They do not limit your investment choices nor do they give you investment advice.
GoDutch Realty has worked many, many real estate transactions through all three of them, and we can assure you an easy, easy flowing relationship with them, so we can close your purchase of Costa Rican properties without any difficulties. Now you can retire in Costa Rica in the future 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 Costa Rican real estate attorney to help you set it up correctly. The rules are constantly changing because of the money laundering laws and terrorism issues. Therefore, you need to contact the right real estate attorney in Costa Rica 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.
Purchasing Costa Rica properties with your self-directed IRA or 401K retirement funds is a great option to consider when planning to make a Costa Rican real estate investment. Ask your GoDutch Realty agent to help you set up the right connections.
By Phone (506) 2289-5125/8834-4515
We look forward to hearing from you!