dougdanakids
American looking for information about Costa Rica
Forum posts
10
About me
American
Lives in Tamarindo, Guanacaste
Registration: 13 January 2023
Activity
Self Directed IRA & Lawyer Question by dougdanakids
Hi. I just purchased a condo in Costa Rica using my Self Directed IRA Checkbook LLC. I created a Costa Rican Corporation to purchase the property. I am looking to do the same in DR but have no connections. Does anyone know of anyone who has been ...
@ddmcghee you had to deal with the IRS??? You are scaring me now Read More
Self Directed IRA & Lawyer Question by dougdanakids
Hi. I just purchased a condo in Costa Rica using my Self Directed IRA Checkbook LLC. I created a Costa Rican Corporation to purchase the property. I am looking to do the same in DR but have no connections. Does anyone know of anyone who has been ...
@ddmcgheeodd, i wonder what having it being furnished has to do with anyhing. I didn't see that anywhere. Read More
Self Directed IRA & Lawyer Question by dougdanakids
Hi. I just purchased a condo in Costa Rica using my Self Directed IRA Checkbook LLC. I created a Costa Rican Corporation to purchase the property. I am looking to do the same in DR but have no connections. Does anyone know of anyone who has been ...
@dougdanakids not a simple thing lolTip 1: “When Does UBIT Apply?”UBIT applies when your IRA receives “unrelated business income”. However, if your IRA receives investment income, then that income is exempt from UBIT tax. ... Read More
Self Directed IRA & Lawyer Question by dougdanakids
Hi. I just purchased a condo in Costa Rica using my Self Directed IRA Checkbook LLC. I created a Costa Rican Corporation to purchase the property. I am looking to do the same in DR but have no connections. Does anyone know of anyone who has been ...
@dougdanakids “UBIT also applies to an IRA that uses debt to buy an investment, such as a loan on a real estate property. The income attributable to the debt, known as Unrelated Debt Financed Income” Read More
Self Directed IRA & Lawyer Question by dougdanakids
Hi. I just purchased a condo in Costa Rica using my Self Directed IRA Checkbook LLC. I created a Costa Rican Corporation to purchase the property. I am looking to do the same in DR but have no connections. Does anyone know of anyone who has been ...
@ddmcghee I believe UBTI is only if financing. I am paying cash Read More
Self Directed IRA & Lawyer Question by dougdanakids
Hi. I just purchased a condo in Costa Rica using my Self Directed IRA Checkbook LLC. I created a Costa Rican Corporation to purchase the property. I am looking to do the same in DR but have no connections. Does anyone know of anyone who has been ...
@ddmcghee Thanks so much for the feedback!!! I may reach out. I found Ariza as well Read More
New members of the Dominican Republic forum, introduce yourselves here - 2023 by Julien
Hi all, Newbie on the Dominican Republic forum? Don't know how to start? This thread is for you ;) We invite you to introduce yourself on this topic, to share with us your expat story if you are already living in the country, or to tell us more ...
Howdy y'all. Visiting DR in March. Looking at cash flowing condo or condo-hotel in Las Terrenas, Samana, Cabarete areas. Looking 4 a good lawyer that knows self directed IRA LLC investments too Read More
Self Directed IRA & Lawyer Question
Hi. I just purchased a condo in Costa Rica using my Self Directed IRA Checkbook LLC. I created a Costa Rican Corporation to purchase the property. I am looking to do the same in DR but have no connections. Does anyone know of anyone who has been ... Read More
Buying property with IRA owned company? by brodies2013
I've heard quite a few people are using their IRA to purchase property via a company formed in DR or formed in US but registered in DR. Does anyone have personal experience with this process?
@Expatlife4us hi would you be willing to share any lessons learned or provide legal contacts? Thanks Read More
Buying property with IRA owned company? by brodies2013
I've heard quite a few people are using their IRA to purchase property via a company formed in DR or formed in US but registered in DR. Does anyone have personal experience with this process?
@ddmcghee hi are you able to share lessons learned and legal contacts in DR? Read More