Oscar Arias and the Costa Rican government were smart enough to know that tourism dollars are the number one source of revenue for this country, surpassing even the tax revenue. Besides the improvements in the roads, the biggest news for the future of tourism and development in the beach areas of Guanacaste are several projects that revolve around and include Grupo Do It, the well known developers behind the Do It Center in Liberia. Their project, Hospital Cima, broke ground on November 2nd after many delays. The $160 million dollar project includes 42 spaces for private clinics and other retail outlets and a grand total of 220,000 square meters that will be developed in stages over a period of several years. The hospital will be located at the entrance of a housing development called Pacific Plaza, adjacent to the Do-it Center, and is designed to be a place that specializes in integrated health services that cater to a retirement community.[ Read Entire Post >>> ]
Moving to, retiring in, or even buying investment real estate in another country can change your future and help you live the lifestyle you have always dreamed of but it can also feel overwhelming. Here are some tips to help you with the beginning stages of the process.
Know Where You Want to Live
Narrowing your home preference location down to one country, or better yet, one region within a country, can help make your property search as painless as possible. Before thinking about real estate agents and legal paperwork, you have to determine where you want to buy. Aside from all the benefits and opportunities a home abroad can offer you, it is most important to find a place that you truly love.
Posted by admin1968 in Real Estate
Contrary to what you have probably been told by your broker or banker, you can own real estate in your IRA, including non-U.S. real estate. Over the years, advisers have wrongly convinced many people they cannot own real estate, as well as a number of other alternative investments, inside their IRAs or other retirement plans.
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Nothing could be further from the truth. In actuality, the IRS allows a great deal of flexibility when it comes to investing the assets of your retirement account.
Buy now and get paid now! Many Americans, Canadians and Europeans are choosing to buy property in Costa Rica now for their future retirement home or as a rental property. Renting out your vacant property can offset your costs and possibly make you a profit.
Here are some tips and things to consider in order to maximize your property’s rental potential.
1. Price vs. Rent.
The less you pay for your property, the higher the yield. It’s that simple. The price you pay for your home determines your rental yield (gross yield is simply the annual rent, divided by the property price). Factor in running costs (maintenance, monthly fees, taxes) to get the net yield. The best way to make sure your yield is high, is to pay the lowest purchase price you can. Remember though that a low property price isn’t everything, especially if you plan on making this property your overseas vacation destination or retirement home.
Discover one of the most breath taking places on earth. Discover Los Cielos Estates in Costa Rica. Are you looking for a place where you can really enjoy the good life; somewhere with an ideal climate - sunshine, beaches, mountains, volcanoes, abundant wildlife, and more? A place where you can invest your savings or retirement funds and expect high returns?
Caribean Side of Costa Rica
You can find this paradise in the middle of the American Content, on the Caribbean side of Costa Rica. Situated among all this beauty is a development community where many Americans, Canadians, and Europeans are finding a place where they can vacation, live and retire.[ Read Entire Post >>> ]
Posted by admin1968 in Real Estate
Getting the most from your hard earned money means making smart investments and seizing great opportunities. Invest in something more than unpredictable stocks and declining 401Ks, invest in a lifestyle that surrounds you with exotic nature and sandy beaches.[ Read Entire Post >>> ]
Because the stereotypes can be slow to die despite the changing times, holding the prices down until word gets out to the mainstream that things are different. This is the case with the Costa Rica Caribbean Coast. The truth is that it's now less than 2.5 hours from the capital of San José on a new, modern highway. The international airport re-opened in 2006. Serious investors are buying coastal land, and the first luxury resorts and residential developments are springing up. The Caribbean town of Limón is fast becoming a boomtown.[ Read Entire Post >>> ]