Buy Panama Real Estate With a Self Directed IRA

Introduction – Did you know that a self directed IRA can buy your dream Panama Real Estate? This article while not tax or legal advice will get you pointed in the right direction in terms of using your Self Directed IRA to buy Panama land, condos, homes, or even commercial property.

IRA Custodian Resistance – Most of the custodians will not approve the purchase of foreign real estate. They prefer to sell you investments they offer instead. There is actually no prohibition in the IRS code against investing in foreign real estate. So do not let the custodian deceive you into thinking it cannot be done, they just do not want to do it.

Custodian Problems – One of their problems is the valuation of the house. They do not know how to do this. Did you get a large kickback from the acquisition of the property thus affecting a deceitful and unlawful early withdrawal without penalty? What about a real estate commission you received. You are also not supposed to live in the home acquired through a self?directed IRA. How will the custodian enforce this? What if you live in the home on vacations only? What if you rent the home out and do not tell anyone? What...