Sometime in the next two months, a small group will gather to celebrate the retail launch of a new building in Cabo, Mexico. They’ll launch floors three and four of that building to the local and expat market. Pricing will be in the $220,000 range. But in the coming days, members of my Real Estate Trend Alert group will have the opportunity to snap up an ocean-view condo on the first or second floor of that same building…for only $149,000.
Year after year Costa Rica, the land of Pura Vida (pure life), still proves to be an attractive destination where expats typically are able to find a high quality of living for less than they would in Canada or the U.S., for example. Costa Rica has been a popular destination for North American expats for decades.
Costa Rica's central Pacific coast is one of the most popular tourist destinations in the country and prime territory for expats as well. It has some of the most frequented resort towns.
Sitting in a valley at an elevation of about 2,000 feet in Costa Rica's Southern Zone, San Isidro de El General enjoys consistent temperature lows of 65 F and highs of 85 F year round. It's not just the weather that fulfills the vision of a perfect town, the beaches are close by as well. And with real estate options from as low as $114,000, it's hard not to like this location.
Using your self-directed IRA to buy real estate is a hot topic in the tax world. But there are misconceptions surrounding it. Misconceptions that, if implemented, might cost you thousands in taxes. One of the big benefits of buying real estate with your IRA is tax deferral. But in order to benefit, it’s important to have all the facts. It can be easy to make a tax or legal mistake…so here are some dos and don’ts for owning real estate in self-directed IRAs.
It's hard to beat waking to the sweet trill of birdsong accompanied by a glorious view of the sun rising over the Caribbean Sea. Open windows allow the balmy sea breeze to cool the house, all year round.
In this seaside city, you can stroll the beach in short sleeves as early as March and as late as October. In winter you need only a jacket. And the sun shines most days. Just steps from its long, urban sandy beach is a historic center of flag-stoned pedestrian streets and cream-colored buildings housing cafes, restaurants, and small hotels.
Wealth creation…asset protection…and income for your retirement: These are all things that foreign real estate ownership can do for you.
With nearly 6,000 miles of coastline, Mexico has plenty of beaches—and beach resorts where you can lie in the lap of luxury. But what if you’re on a budget? No worries… Mexico still has some very affordable beach destinations.
As the bus winds its way up into the mountains of Chiriquí province, you feel the heat of the lower elevations easing off. A cool breeze seeps through an open window, tempting you to close your eyes and envision the kind of laidback life that awaits you. But in Boquete, it can be quite hard to keep your eyes closed.