REALLIFE Stories
 

Client:  Julie K., Sedona, AZ
Realtor
50+ years old

Objective: Utilize her IRA to buy domestic  real estate.

Solution:  Being in the real estate industry, Julie knows a good deal when she sees it.  Although it was cost prohibitive for her to purchase a new found condo in Fort Collins, Colorado via traditional means, she was able to utilize funds in her 401(k) to purchase the property outright.  Julie used us to form a standard REALIRA™ and help guide her through the closing process since specific rules and regulations need to be followed to prevent taxation and penalties from the IRS.

Opportunity:  With record foreclosures and the depressed value of real estate in many areas of the U.S., utilizing a REALIRA™ can give investors the ability to take advantage of deals that they wouldn't otherwise be able to afford.

Client:  Richard B., Steamboat Springs, Colorado
Doctor
60+ years old

Objective:  Buy a foreign property in his IRA to help offer downside protection in the event that the stock market suffers significant losses as he approaches retirement.    

Solution:  Richard utilized less than 20% of his existing retirement plan to form a Real IRA Checkbook LLC.  He then opened a bank account at his local bank in the name of his new LLC.  With this account he purchased a rental condominium near a popular beach in Central America. He then used additional funds from the account to furnish the condo.  Now, when the condo produces income, the proceeds get deposited directly back to his IRA.  He can have unlimited rental income from his unit deposited into his IRA and it will not count as part of his annual IRA contribution limit.

Opportunity: Income Real Estate can be a great way to reduce market risk and grow an IRA account beyond real estate appreciation alone.

Client:  Brad A., San Diego, California
Owner, Retail Display Business
30+ years old

Objective:  Diversify retirement assets by redistributing a small existing Roth IRA that is currently invested in Mutual Funds.

Solution:  Brad Purchased a lot in San Miguel Subdivision in Costa Rica for $12,000.  This lot is .295 of an acre in size, and although it is not an ocean view property, has beautiful views of the surrounding mountains and valley.  His Roth IRA was transferred directly to our custodian with only signatures required on his behalf.  All paperwork including transfer forms, IRA applications, as well as sales and management agreements were completed by one of our Real IRA specialists.  Brad simply picked a property, reviewed and signed paperwork, and now has a Costa Rica lot within his Roth IRA.

Opportunity: Roth IRA assets are an excellent source to roll over and utilize to purchase International Coastal Real Estate.

Client:  Jim & Mirtha H., Westlake Village, CA
Business Consultant
50+ years old

Objective: Consolidate their old SEP IRAs and do something different than mutual funds.

Solution:  Jim and Mirtha combined 2 small SEP IRAs to purchase one property in San Miguel North, Costa Rica for $24,000 ($12,000 from each of their IRAs).  To do this, we simply formed 2 new IRAs and rolled each SEP into their own IRA.  They picked a property in Costa Rica for the rapid appreciation potential and they felt comfortable with the stability of the country - not to mention it's absolute beauty.  Real IRA handled everything including transferring their SEPs, completing their IRA applications, and preparing all contracts.

Opportunity:  1) SEP IRAs can be rolled over to IRAs and used to purchase International Coastal Real Estate through RealIRA, and 2) Individuals can combine assets to purchase a property that they wouldn't otherwise be able to afford.

Client:  Jay E., Sacramento, CA
Realtor / Entrepreneur
40+ years old

Objective:  Utilize part of his rollover IRA to purchase raw land in Costa Rica.  Already an owner of pre-construction development in his IRA, his objective is to diversify geographically within Costa Rica as well as to compliment his existing portfolio with raw ocean view land.   

Solution:  Jay rolled over sufficient funds from his previous employer's retirement plan to his existing Self-directed IRA.  He purchased a prime ocean view lot in the Corozalito subdivision just a few miles north of San Miguel for under $55,000.  His lot is part of a group of lots that are expected to be utilized for future condo development.  With Corozalito now sold out, it is anticipated that this sub-division will re-sell within the next year.  Currently, the entire subdivision of Corozalito is listed for re-sale as one development, and will likely be sold to a resort developer as a whole.

Jay hand picked his property sight unseen fron the website relying on photos of the sub-division as well as the expertise of the Real IRA staff.  Our commitment is, and always will be, that no property gets listed on our site without first being personally inspected by a member of our team.

Opportunity:  Although we welcome clients to personally inspect their property, most clients choose their investment properties “sight unseen” with the assistance of a Real IRA Expert.

Client:  Joey W., Richmond, Virginia
Employee, Insurance Company
40+ years old

Objective:  Use something more exciting and promising than stocks and mutual funds in his old 401(k) plan.  Target time frame to use assets - more than 15 years.

Solution:  Joey purchased 2 Lots; one in Corozalito for $21,000 (beautiful ocean views) and another in San Miguel North Subdivision for $12,000 (mountain views).  Since his purchase, Corozalito Subdivision  has sold out.  Because Joey's old 401(k) plan was available for rollover, we simply rolled over the amount he needed to a Real IRA with our custodian.  He picked the properties he wanted in his IRA and signed his paperwork.  Everything else including transfer forms, IRA applications, as well as contracts were completed by one of our Real IRA specialists. 

Since Joey purchased his property he referred one of his co-workers who also ended up purchasing a lot in the Corozalito subdivision shortly before it sold out.  It really is that easy!

Opportunity:  Once people discover how easy it is to purchase International Real Estate with their IRA through Real IRA, they often want to get involved too!

Client:  Chuck Q., Summit, Colorado
Owner, Video Gaming Business
60+ years old

Objective:  Diversify an Individual 401(k) plan to something other than traditional investments.  Maximum allocation to Real IRA of approximately 25%.  Target time frame to use assets - more than 5 years.    

Solution:  Chuck purchased a lot in San Miguel North Subdivision in Costa Rica for $31,000.  His lot is .987 acre in size, has gorgeous ocean views and borders the forest on two sides.  This lot is part of a group of 10 lots that will collectively be sold as a platform for a condominium tower.  Since Chuck is the Trustee on his Individual 401(k), we simply transferred the amount he needed to a Real IRA with our custodian.   Only signatures were required on his behalf.  All paperwork including transfer forms, IRA applications, as well as sales and management agreements were completed by one of our Real IRA specialists.  Chuck simply picked a property within his budget, reviewed and signed paperwork, and now has a Costa Rica lot within an IRA - formerly his Individual 401(k).

Opportunity:  Small business owners with their own small business retirement plans can almost always utilize a portion of these assets to diversify with International Coastal Real Estate.

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