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Boomers Abroad Online Community Blogs
Boomers share their experiences abroad with us!
Tags >> Real estate abroad
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Sep 17
2010
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Off We Go to Belize !!
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Oct 24
2009
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-Market 'Feel' ÂPMA
Things here are pretty optimistic and no doubt that a "PMA", Positive Mental Attitude, is a very important factor. The world economy and the political situation dampened the enthusiasm that was prevalent here for the past decade, but overall most people here are pretty upbeat. It is pretty hard not to be actually. The sand is still white, water is still aqua blue, the weather is warm and sunny, the people are still as friendly as ever and economically the island will do well this coming year. The losses that were experienced due to the economic and political situation this year will fade. You only need to look at the expansion of the Royal Caribbean cruise ship
dock and the opening, on November 20th this year, of the new Carnival Cruise Line port to see how life can spring right back to normal.
By: Jim Scherrer,
By: Jim Scherrer
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Aug 15
2009
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Your IRA CAN buy real estate Abroad!
If you are looking at real estate abroad, or for a way to get better returns in your IRA, here is little secret your stock broker will never tell you about.. The IRS lets you purchase real estate with income that is tax-deferred. That means that many savvy investors are investing their IRA funds in real estate. This is a great way to beat the ups and downs in the stock market, to diversify your portfolio or to provide a stable income as you transition from riskier investments.
How Can You Do This?
The rules governing the ownership of real estate abroad this way are simple. First, you may purchase practically any real estate you can imagine: raw land, condos, office buildings, single or multi-family homes, apartment buildings and improved land. You can also own a fraction of real estate, with other entities or investors owning other fractions. You can purchase an option on the real estate or you can buy outright using a land trust, L.L.C., or similar entity. Also, you can rollover your IRA, so you are buying the real estate with retirement assets.
