Last Updated on February 5, 2020
The real estate market is more appealing these days, and now is the time to establish a self-directed retirement plan to make a real estate investment. IRA Financial Group can help you retire overseas by taking control of your retirement future. The first step is to choose from IRA Financial Group’s self-directed IRA or Solo 401(k) retirement structures.
You can purchase domestic and/or foreign real estate with your self-directed retirement account funds if you work with a Self-Directed retirement custodian. When you use a self-directed IRA LLC or Solo 401(k) plan for real estate investments, your profits will be tax-deferred. This allows your funds to accumulate unhindered within your self-directed retirement account.
In the case of a self-directed Roth IRA LLC, your gains are tax-free and you can take personal ownership of the property tax-free at the age of 59 1/2. With full checkbook control over your plan, either a self-directed IRA or Solo 401(k), any purchase you make can be done on the spot by writing a check or wiring funds from your plan’s bank account.
Real Estate in Today’s Market with a Self-Directed Retirement Plan
The purchase of real estate in today’s marketplace is a surprisingly advantageous investment for a self-directed IRA LLC or Solo 401(k) Plan since the best deals are typically foreclosures, short sales and estate sales. These characteristics make a perfect investment climate for the individual with full checkbook control self-directed IRA LLC or Solo 401(k) Plan.
In addition, the Solo 401(k) Plan offers a highly attractive loan feature that allows for the purchase or financing of domestic or foreign real estate. Under the Solo 401(k) Plan, a participant can borrow up to either $50,000 or 50% of their account value – whichever is less. The IRA Financial Group Solo 401(k) Plan documents will allow you to use a loan from your Solo 401(k) for any real estate investment purposes.
Structure Real Estate Abroad
A self-directed retirement plan, such as the IRA LLC or Solo 401(k) Plan allows you to make either domestic or foreign real estate investments, and our tax attorneys have significant experience structuring real estate transactions in a number of foreign jurisdictions. These include:
- Costa Rica
- Hong Kong
Work One-on-One with a Specialist
Our tax attorneys will work with you to come up with the most tax advantageous manner in which to make the foreign real estate investment. Whether that involves examining local tax rules or an income tax treaty, our tax attorneys will assist you with understanding the tax implications of making the foreign real estate investment. Whether it is a residential or commercial real estate property, a self-directed retirement plan, such as the IRA LLC or Solo 401(k) to invest in domestic or foreign real estate offers tax advantages, such as tax deferral and/or tax-free repatriation of income.
IRA Financial Group tax attorneys have significant experience in structuring foreign real estate investments that are tax efficient from a U.S. and foreign tax perspective.
Get in Touch
If you will like to learn more about self-directed retirement plans, such as the Solo 401(k) and self-directed IRA, contact IRA Financial Group directly at 800-472-0646. If you wish to make domestic or foreign real estate investments, we can help you get started. Contact us today. We look forward to assisting you.