Investing internationally comes with a range of risks. From political instability to inflation to cultural and language differences – these add to the already complex and uncertain nature of international investments. However, our guest, Evie Brooks of My Panama Vacation Realty shares with us how these can be overcome if you work with the right people.
Join Evie in this second part of our podcast series as she explores the risks associated with overseas property investing and what can we do about it to achieve success.
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Watch the episode here:
Listen to the podcast here:
Join Evie as she shares how international investing has changed her life and how this can be possible for you too.
Key Points From This Episode:
- It’s possible to invest internationally using your IRA.
- A self-directed IRA is required for international investing.
- An LLC is needed for the IRA to invest internationally.
- International investments can be various types, including single-family residence, multifamily, condominiums, cultural, etc.
- Personal use of the IRA is not allowed, or penalties and taxes will apply.
- Tax implications vary depending on the individual and case-by-case basis.
Links Mentioned in Today’s Episode:
About Evie Brooks
Evie Brooks is an international real estate mentor, coach, and investor, with a special focus on Panama. Today, she leads My Panama Vacation Realty as an International Expat and Relocation Specialist.
Evie is a former Advanced Trainer for Rich Dad Poor Dad and holds a degree in Criminal Justice with a minor in Psychology from the University of North Georgia.
