Date post: | 09-May-2015 |
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Real Estate |
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Costa Rica
Me at 18 Years OldIn MexicoCity
Who is Steve Linder & why should you care?
• Steve knows international living options• Steve is an endorsed and sought after speaker about options
on living abroad• Steve owns both investment and residential property abroad• Steve has led 1000’s of people on property tours• Pacific Lots is approved by AARP to sell to their audience• Steve knows what baby boomers are looking for• Steve has worked with International Living for nearly 10 years,
sponsoring events and as a keynote speaker • Steve knows the pros and cons in many countries of interest
We have a lot of choices where to liveCosta Rica Tops our List
Some Choices are Better than OthersCan you guess which one is Costa Rica?
On Average a person spends 20 years in retirementMany of us will outlive our retirement nest-egg
Costa Rica is in Central America between Nicaragua and Panama
Costa Rica is situated below the hurricane belt
Every Major US Carrier Flies there except Southwest, keeping flights affordable. Only 2 hours 20 minutes from Miami
Home to 4.7 million residents
It’s also home to 110,000 foreigners
Including more than 60,000 North Americans
The country contains more than 100 types of ferns, 1,000 orchards and 2000 kinds of trees
Tourism is the #1 source of income
Costa Rica is home to a dizzying array of fauna.
Toucans
Tree Frogs Blue Morpho Butterflies
Over 50 kinds of Hummingbirds
Humpback WhalesOlive Ridley TurtlesSquirrel Monkeys
Sloths
National Geographic wrote that Costa Rica contains over 5% of the world’s biodiversity yet is only .02 of 1% of the earth’s landmass
Anteaters
860 bird species reside in Costa Rica; More than in the US and Canada combined.
Arenal Volcano
South Pacific Coast Beach
La Paz Waterfall
Costa Rica is loaded with Natural Wonders
Diving off Cocos Island
Costa Rica, a peaceful country, neutral for 200 years, was the first country in the world to constitutionally abolish its army.
Spending instead on education, conservation & healthcare
spending instead on education
Costa Rica is proud of a 97% literacy rate among its citizens; among the highest in Latin America
and…
High Quality, Low Cost Healthcare(nearly free to residents)
Ranked higher than the US by WHO
Over 27% of the entire country is National Park, preserve or protected land
Costa Rica has consistently been
ranked as the Happiest Place on Earth.
Rated as the highest country in Latin Americafor quality of life.
There’s lots of outdoor activities and plenty of beaches to walk on
You won’t be bored
It’s a country with little government corruption.
And a very healthy economy.
The US is Costa Rica’s largest trading partner. 25 of the Top Fortune 50 have facilities there
Costa Rica uses the Colon as their currency, not the Dollar.
It’s easy to bring your pets with you
You only need a $1000 in income per month per couple to qualify for their pensionado “retirement” program
Foreigners have the same right to property ownership as Costa Ricans do.
Property ownership is deeded and fee simple.
Title Insurance is readily available.
There’s no capital gains tax in Costa Rica.
Fresh, pesticide free produce, seafood & meats are abundant and inexpensive
Tap water is safe to drink in Costa Rica
The pace of life is slower.
Perhaps that’s why Costa Ricans have a longer life span than those
in the US.
Pura Vida = Pure Life
There’s no tax on income from outside of the country.
Rental Income opportunities are excellent
since currently demand
exceeds supply for much of the
year.
What Makes A Great Property?
Paying for your Retirement Home with Rental Income! Using high yields, low carrying costs and high occupancy
Property Taxes are very low; $1.95 per $1000 in value
A home valued at $200k pays only $390 per year!
Home insurance is approximately $397 annually for a home worth $200,000
Benefits of Chill Weekends
• Compare Countries and Locations• Experience the Accessibility• Sense the Climate and Geography• Identify the Lifestyle• Meet the People living there, expats and locals• See the Options for Retirement and Rental Income• Know the Amenities, hospitals, golf, activities,
dining, social, ocean, mountain, nature & more
Costa Rica’s Southern Pacific
Why Pacific Lots of Costa Rica is your best choice for Chill Weekends
The temperature in the southern Pacific averages 81˚ year round.
We have a large Expat Community
We have a brand new marina an hour north of us in Quepos and a new golf course within minutes of our developments
We offer Ocean and Mountain view home sites. Prices start at only $40,000.
Example of an Ocean View
Example of Mountain View
Part of our Chontales Development totaling over 2200 acres
All of our home sites come complete with roads, water and electricity on the lot.
Transaction Costs can be high when purchasing property abroad
We pay all the closing costs other than to set up the holding corporation
We will build your luxury home at $100 per square foot
You may also choose to build your own home, hire any builder of your choice, or opt to simply
hold the land as an investment.
Some of the homes we’ve built
$145,000 including land
$350k including land and pool
$260k including land and pool $290k including land and pool
Hand crafted woodwork is
included
We make all our cabinets, counters, windows doors, ironwork, etc. in our own shop
This is David and Helene’s home
This is Russ and Cindy’s home
We’ll build the pool of your dreams
Every home is custom designed but
we did recently release a “cookie
cutter” development
These three standard models include:•Land•Granite Counters•Nice cabinetry •AC in both bedrooms• Landscape & Hardscape•Priced from $150,000 to $230,000 •(not including appliances or furnishings)•Furnishing packages are available
We also offer full rental management services allowing you to earn income while your
property appreciates.
Due to low cost of ownership and operation, rental yields are excellent
You can purchase property using your 401k, IRA or other retirement savings
We also offer financing with 20% down
Plenty of new commercial development in the region indicates a strong and growing market
Our community offers numerous restaurants, grocery stores, a new hospital, hotels, schools
and shopping opportunities.
Surprisingly cosmopolitan restaurants
• Watermelon – 75¢ per Kilo • Tomato - 80¢ per Kilo • Lemons - 5¢ each• Carrots - 50¢ per Kilo • Pineapple - 80¢ per Kilo • Papaya - 45¢ per Kilo • Cucumbers - 70¢ per Kilo• Zucchini - 20¢ each• Onions - 50¢ per Kilo• Mangos - 50¢ per Kilo• Bananas - 60¢ for a bunch • Strawberries - $1.50 ½ Kilo
One Kilo = 2.2 Pounds
Fresh baked goods delivered daily
Our 4 day tour includes Airport Pickup and Drop Off, Hotel on the Day of your Arrival,
Transport to the Southern Pacific Region, all tours, 3 nights lodging, meals and beverages including beer and wine – for just $299 pp
Hotel Martino
Here is our 8 room guest house that we use for our tours. We cater to all culinary requirements!
Healthy Organic & Local Ingredients
Tour Costa Rica on one of our all inclusive 4 day property tours for only $299 per person, if you buy,
we give you a $1000 travel credit
Buy and Fly Free
You’ll meet some local expats as well as other people interestedIn living or owning property outside the US
Don’t worry, there’s no sales
presentation
Upcoming 4 day discovery tour dates - $299 PP
May 22 – 25 (sold out)June 1 – 4June 4 – 7 (sold out)June 8 – 11 RETA only June 11- 14June 14 – 17July 2 - 5July 14 – 17 (before IL Costa Rica event)July 17 – 20 (before IL event)July 24 – 27 (after IL event)July 26 - 29 (after IL event)August 1 – 4August 6 – 9August 21 – 24August 28 – August 31 (labor day tour)More Dates to FollowWatch our website for dates as they are added!
Factors Driving Demand• Tourism, Marketing Efforts by the Country• Population & Income Growth - Local Market• Retirement Destination, Vacation Homes• Heath Care Options – Health Tourism• Return on Investment – Rental Income, Appreciation• Price versus Quality, Cost of Living, Lifestyle• Seasonality, Climate, Location• Visa Restrictions, Residency Requirements, Exit Strategy• Low Risk: Political, Social, Environmental, Economic• Publicity, Expat Digests, Real Estate Firms, HGTV
Pioneer or a Follower
• There are plenty of others like me there already• There are resources and support mechanisms• We are welcomed by both expats and Costa Ricans• There are government benefits, pensionado
programs• Banking and real estate services are readily available• Services are inexpensive; rental management maid,
cook, gardener, maintenance person• There are very few restrictions, making it easy to do
Profile of Visitors and Owners
• Many are baby boomers looking for quality of life
• They are concerned about the environment• They come from around the world• They are affluent• They want to get/stay healthy and active• They want healthy food stocks & sustainability• Demand is increasing
Ownership is Easy and Inexpensive• Property Tax and other Tax Burdens are minimal• Insurance is very inexpensive• Utilities are reasonable, electric is from renewable
resources – hydroelectric, geo-thermal and wind• Property Management and Maintenance is available and
inexpensive• We provide full services, banking, residency, etc• We offer financing on land with 20% down• HOA fees are VERY low at $30/month on average• We are selling out phases and good view lots
Other Important Factors• #1 is Safety for me and my investmentCosta Rica has very little Risk, for both expats and
their property. 120 Americans were killed in Mexico in 2012 while only 2 were killed in Costa Rica in the same year.
Costa Rica one of the oldest democracies in the Americas and there is little social dissent, economic or political turmoil. The US is their largest trade partner. Direct foreign investment in Costa Rica is a major economic force.
Rental Income Tax, Capital Gains & Property Tax - A Comparison
Rental Income Tax* Property Tax Capital Gains
• Mexico 5% 0.1% 25%• Panama varies 2.1%* 10%• Ecuador 22% 0.1% 0%• Belize 3% 1.0% 0%• Costa Rica 10% 0.1% 0%• Brazil 15% 1.0% 25%• Dominican Republic 29% 1.0% 29% * Some countries exempt a portion of rental income, Panama may waive property tax for expats
“When looking back at life it’s not usually what we did that we regret, it’s what we didn’t do.”