Updated over 2 years ago on . Most recent reply
Out of country real estate
A good couple friend of mine is buying a condo in Costa Rica to snowbird to when they want to in the winter. The conversation came up about my spouse and I buying a condo in their same complex and using it as a STR or MTR when we are not using it. The question I have is does anyone have any insight into investing in other countries? Questions such as how does financing work, am I going to be taxed on the rental income, can I write off normal real estate expenses, do I need to form a separate LLC in Costa Rica, all of these come into my mind. The numbers look good with data coming from USA based rates but I cant find any info online about financing or RE investing in general down there. Thanks for any knowledge!