Monday, September 21, 2009
Dear Reader,
Do you believe in this bounce? Sure, some of the agony of opening your retirement account statement has eased…but where to from here? Who knows! One thing is for sure: now might be the opportunity to diversify some of your IRA funds out of US markets. Now might also be the time to consider diversifying your life outside the US. Consider this diversification as a home, a winter retreat, an investment or maybe just an insurance policy. Either way, this may be your window. Who knows how long it will stay open for.
As a U.S. citizen, you can use your IRA or other self-directed retirement account to buy international real estate.
You can own any kind of real estate this way. This includes everything from raw land and office buildings in Brazil to single-family homes and condos in Ecuador…as long as the investment complies with some straightforward rules that outline what you can and cannot do.
Your bank or broker may have told you that you can’t do this…even that the IRS will come knocking on your door if you do. They are wrong. In fact, the IRS is very flexible once your IRA is “self-directed” and you don’t work with a custodian who imposes his own investment restrictions.
You can buy and flip properties within your IRA, generate rental income, and you can even use your IRA to buy an option on a property or piece of land.
There are, however, some rules and steps that you need to follow to be compliant. Ari Kahn is the developer of Orchid Bay in Belize. He would like to invite you to join him for a free webinar on Friday September 25th at 2pm EST. He’ll talk you through the steps you need to follow to use your IRA funds. Sign up at http://www.OrchidBayBelize.com/IL/IRA.
Specifically, Ari will show you:
- How to use a tax-advantage self-directed IRA to invest in real estate.
- What you are permitted to do… and not to do… with IRA-owned real estate.
- How to generate rental income with your property.
- How and when you can move property out of your IRA for personal use.
Sign up at http://www.OrchidBayBelize.com/IL/IRA.
This will be valuable information. Information you can apply in countries other than Belize. Belize, however, is worth a serious look.
And there’s no better man than Ari to talk about Belize, and his project, Orchid Bay. This will be a nice treat after listening to the tax code stuff (but it’s funny how the boring stuff can change your life!).
It’s the Caribbean—without the hefty price tag
I first visited Belize over four years ago at the invitation of Ari’s partner at Orchid Bay, Phil Hahn. Phil wanted me to see Orchid Bay…but most of all he wanted me to experience Belize. The people are Belize’s biggest draw. English-speaking Belize is a melting pot of descendants of pirates, slaves, and conquistadors. There’s a quirkiness and edge to the people. They draw on diverse ancestry for unique traditions of music and storytelling. In Belize, you won’t be looking in on these traditions from the outside. You will be invited in. You can immerse yourself in the local community. There is no language barrier. The locals embrace diversity.
Belize received its independence from Britain in 1981—and inherited the British legal system. They have no army. Why would they? This country has never been at war. Belize might just be the perfect tropical paradise.
Little Belize is my #1 Caribbean buy today. This Caribbean comes without a hefty price tag, however. Ari has beach casitas available from $159,000 in his stunning waterfront community. Join him (http://www.OrchidBayBelize.com/IL/IRA) next Friday at 2pm EST and he will show you how you just might be able to afford the type of retirement you thought was only for the rich and famous.
Ronan McMahon
P.S. Ari has an interesting background. He wasn’t always a developer. He founded FatWire Software and built it into a leading multinational software company with operations in thirteen countries before selling. Prior to FatWire, Ari was a research scientist at Hughes Research Labs. Ari holds a Ph.D. in Computer Science from the University of Chicago. He brings his experience of building and managing multinational corporations to Orchid Bay’s international development business. His skills are complemented by a board and team of real estate veterans. Join him on Friday at 2pm EST:
http://www.OrchidBayBelize.com/IL/IRA.
You might also be interested in:
My #1 Caribbean Buy on the Beach
Posted Under:
belize, beachfront, appreciation potential
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