Costa Rica is the perfect place to invest with your self directed IRA. Even though it’s a fairly new place to invest it’s a safe one.
Austin-San Marcos, TX (1888PressRelease) April 04, 2008 - Presently the real estate market in Costa Rica is booming as a direct end result of the Costa Rican government's commitment to promoting the property sector. This is due in large part, to the execution of a series of a tax breaks and incentives that have been made accessible to overseas real estate investors. The success then of the Costa Rican property market is practically guaranteed.
Costa Rica is becoming ever more popular with the soon to retire US baby boomers who are vigorously seeking a reasonably priced and attractive location in which to retire. Because Costa Rica benefits from comparatively low crime, is neutral, has a relatively high standard and low cost of living, it is gaining a reputation among pre-retirees as a must-consider destination. There is therefore room for the expansion of real estate to go well with this particular market or for the purchase and long term lease of real estate to this market. This particular group of people also represents a strong resale demand for those who buy now, improve property and intend to resell in the medium term to release gains accumulated.
Under the restrictions of traditionally custodied IRAs, investing in foreign real estate can be extraordinarily difficult, if not forbidden outright. Before foreign real estate investing with IRA funds can truly be considered a sound option, an investor should have checkbook control over a self-directed IRA through the use of a Limited Liability Company. (The legality of holding foreign real estate within a self-directed IRA LLC is a matter of proper structuring.)
Many financial consultants will tell you that it is not possible to hold foreign real estate within an IRA and still stay within the bounds of the law. The truth is that it is possible; they just do not know how to do it. This is possibly the biggest reason to take care in choosing an IRA advisor. Your advisor may only have a limited knowledge of the types of investing in which you are most interested.
When it comes to knowing how to structure a self-directed IRA to gain the most freedom in your investment possibilities, Asset Exchange Group, LLC is one of the best. They are a consortium of consultants and legal experts with years of experience dealing with the intricacies of IRA investing. At the very least, they are a good place to start your search for the right advisor. Foreign real estate deals can be more complex than domestic deals, so having the right advisor becomes even more important.
Costa Rica is the perfect place to invest with your self directed IRA. Even though it’s a fairly new place to invest it’s a safe one. 
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