{"id":12840,"date":"2016-10-05T15:54:40","date_gmt":"2016-10-05T20:54:40","guid":{"rendered":"https:\/\/www.topmexicorealestate.com\/temp-blog\/?p=12840"},"modified":"2016-10-05T23:39:08","modified_gmt":"2016-10-06T04:39:08","slug":"using-your-ira-to-purchase-a-property-overseas","status":"publish","type":"post","link":"https:\/\/www.topmexicorealestate.com\/blog\/2016\/10\/using-your-ira-to-purchase-a-property-overseas\/","title":{"rendered":"Using your IRA to purchase a property in Mexico"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"http:\/\/i255.photobucket.com\/albums\/hh138\/beatlo\/foto_blog_N_zpsjjtjize6.jpg\" alt=\"\" width=\"1024\" height=\"748\" \/><\/p>\n<p>If you ever dreamed of <a href=\"https:\/\/www.topmexicorealestate.com\/mexico-real-estate-guide\/mexico-real-estate-investment\/\">investing in a property in Mexico<\/a>, but were disillusioned by the lack of credit options for foreigners, maybe using your IRA could be an option. An IRA is an \u00e2\u20ac\u0153<strong>Individual Retirement Account<\/strong>\u00e2\u20ac\u009d, something different about IRA\u00e2\u20ac\u2122s is that they not only can be invested in trusts, funds or mutual funds, but also in alternative assets such as Real Estate\u00e2\u20ac\u00a6 TAX Free!<\/p>\n<p>When you invest your IRA on Real Estate, there are many benefits such as:<\/p>\n<div class=\"su-list\" style=\"margin-left:0px\">\n<ul>\n<li><i class=\"sui sui-check-square\" style=\"color:#ff0000\"><\/i> Your IRA is Tax Shelter; this means that whatever gain you get from your investment goes back to your IRA completely tax free!<\/li>\n<li><i class=\"sui sui-check-square\" style=\"color:#ff0000\"><\/i> You can use the funds in your IRA to purchase property as an investment<\/li>\n<li><i class=\"sui sui-check-square\" style=\"color:#ff0000\"><\/i> Using your IRA to buy real estate, allows you to diversify your investment portfolio, so you don&#8217;t have all your eggs in the same basket.<\/li>\n<\/ul>\n<\/div>\n<p>If you want to get ready and jump into the opportunity of investing in Real Estate, here are some important steps you have to take in order to make it happen:<\/p>\n<h2>1.\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0 Get your IRA ready by choosing Self-Directed<\/h2>\n<p>Traditionally IRA\u00e2\u20ac\u2122s were designed to have a custodian invest on stocks, bonds, mutual funds and CDs. On the other hand, a <strong>self<\/strong>&#8211;<strong>directed IRA<\/strong> allows for more liberal investments, such as real estate, notes, private placements, tax lien certificates and much more.<\/p>\n<p>This process can take some time, so don\u00e2\u20ac\u2122t wait until you find the perfect property to start. Having your IRA ready will allow you to take advantage when opportunity or a good deal comes along.<\/p>\n<h2>2.\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0 Find out what is the best option for you<\/h2>\n<p>An IRA can be used in three ways to purchase a property, such as using cash if there is enough money to cover the price. If you don\u00e2\u20ac\u2122t have enough cash to buy, you can look for another investor; the IRA will purchase the property and define the percent ownership.<\/p>\n<p>Remember that buying a property on an IRA is ideal to <a href=\"https:\/\/www.topmexicorealestate.com\/mexico-real-estate-guide\/investing-in-a-condo-hotel\/\">buy an investment<\/a>, but not a holiday home. As you are getting a property and its gains <strong>TAX FREE<\/strong>, it is not allowed for you or your family members to reside in it.<\/p>\n<h2>3.\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0 Understand how the cash management for your property will work<\/h2>\n<p>It is important to understand that the IRA owns the property and any income will go directly to your IRA. On the other hand, any expense related to the property, such as taxes, bills or repairs will have to be covered by the funds on your IRA.<\/p>\n<div class=\"su-note\"  style=\"border-color:#e3de92;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\"><div class=\"su-note-inner su-u-clearfix su-u-trim\" style=\"background-color:#fdf8ac;border-color:#ffffff;color:#333333;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\">\nHere at Top Mexico Real Estate, we constantly work with foreigners trying to purchase property in Mexico. A common question has to do with the use of their IRA\u00e2\u20ac\u2122s to purchase land, a single home or an apartment complex\u00e2\u20ac\u00a6 or even a business. And the answer is yes, <u>it is possible<\/u>!<br \/>\n<\/div><\/div>\nStay tuned! Soon we will talk more about using your IRA to purchase an investment property in Mexico. If you have any question about the process, send them in!<\/p>\n<p><em>At Top Mexico Real Estate we strive to give you all <\/em><a href=\"https:\/\/www.topmexicorealestate.com\/mexico-real-estate-guide\/mexico-real-estate-investment\/?art=BLFoot051016&amp;web=blog\"><em>the tools and information<\/em><\/a><em> that you need to make the best decision when purchasing a property in Mexico. Feel free to contact us if you need advice for investing in Mexico\u00e2\u20ac\u00a6 We are here to help!<\/em><\/p>\n<h3><em>At Top Mexico Real Estate\u00e2\u20ac\u00a6 <\/em><strong><em>We Make it Happen!<\/em><\/strong><\/h3>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/bit.ly\/BB_Testimonials_Blog\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"http:\/\/i255.photobucket.com\/albums\/hh138\/beatlo\/testimonials-01_zpsaavqng0w.jpg\" alt=\"\" width=\"300\" height=\"100\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you ever dreamed of investing in a property in Mexico, but were disillusioned by the lack of credit options for foreigners, maybe using your IRA could be an option. An IRA is an \u00e2\u20ac\u0153Individual Retirement Account\u00e2\u20ac\u009d, something different about IRA\u00e2\u20ac\u2122s is that they not only can be invested in trusts, funds or mutual funds, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[77],"tags":[1511,1596,1453,1597,1448,1477],"class_list":{"0":"post-12840","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-how-to-buy-real-estate-in-mexico","7":"tag-investment","8":"tag-ira","9":"tag-mexico","10":"tag-plan","11":"tag-real-estate","12":"tag-retirement","13":"entry"},"_links":{"self":[{"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/posts\/12840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/comments?post=12840"}],"version-history":[{"count":5,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/posts\/12840\/revisions"}],"predecessor-version":[{"id":12851,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/posts\/12840\/revisions\/12851"}],"wp:attachment":[{"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/media?parent=12840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/categories?post=12840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/tags?post=12840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}