It’s important to tell you that I am not an expert in financial planning. I am a seasoned real estate professional that has discovered a way of buying property with our retirement funds. Moreover, this method can be used to buy property locally as well as internationally, including places like Costa Rica.
Self Directed IRA is legally no different than any other IRA. The term “self-directed” simply indicated that you, the client choose your IRA’s investments without the aid of a traditional financial planner or specific investment company. Your self directed IRA can purchase raw land, rental properties, commercial property, condos, mobile homes, boat slips, TIC and other foreign property investments and much more.
The IRS has a website http://www.irs.gov/publication 590, pages 40 and 41 discuss what you CAN’T do with an IRA. The rules of governing what an IRA can invest in are exclusive, not inclusive.
As a real estate professional I am always looking for ways to purchase property for the long term. The self-directed IRA is a tremendous way of buying property of all types. Careful planning will often enable an investor to profit from these opportunities with great success.