Today I want to share with you a couple of options for legally and safely getting your assets out of the US without the requirement of federal reporting.  There are really only two ways to do this.  Buy real estate or hold precious metals like gold outside of the US.  If you hold any other asset like cash, securities, private businesses, mineral rights, or anything else, the US wants to know what you are up to.  They want to know what you own, and what’s more, they want their piece. 

Real estate and precious metals are the exception here. By holding real estate or precious metals outside of the US, this gives you significant asset protection from creditors and government intervention.   To be clear though, for US citizens or residents, all worldwide income must be reported and is taxable regardless of where you live.  So if you own a beach house on the coast of Spain and rent it out for holiday, you must report the income. 

I have been recently acquainted with a man in Costa Rica who is developing a very interesting wellness resort and spa on 83 acres of forest surrounded by protected areas and a national park.  He has already built several residences, a wellness spa, a bed and breakfast, and will soon be opening several restaurants and a medical facility.  This is a great opportunity for someone looking to retire, have a second home, go on a vacation, or take advantage of investment opportunities.  Hugo, the owner, is looking for business partners to develop additional amenities like a hotel and restaurants.  With certain qualifications, Hugo has even offered to pay for your trip to check the place out.

At this point I have not visited Hugo’s place in Costa Rica.  I have read though his investment offering and I have looked extensively at his business plan.  It is very appealing.  I will be making a trip there later this year to put my boots on the ground.  I would encourage any of you that may have some interest to at least check it out.  Do your due diligence.  Hugo is even willing to pay for your  plane ticket.

Buying real estate outside of the US is a great way to hold assets and minimize your US holdings while diversifying at the same time.  As stated in previous newsletters, this is not for everyone.  If you are a small investor or business owner and uncomfortable with offshore holdings, you should just disregard this.  But for many of you reading this, you already have a vacation house, or are considering buying one, liquid investments like securities, business holdings, and are interested in ways to diversify your holdings while giving you options.  You are the ones who would benefit.

If you want to contact Hugo, please send me an email and I will forward you his contact details.  If you have further questions or would like to schedule a free 30 minute consultation, you can contact me by phone or email.  Live well.

All US citizens must report any offshore assets cumulatively valued at more than $10,000 to the Federal government.  With two exceptions; real estate and precious metals.  If you are interested in offshore asset protection, these are your only two asset classes that do not require disclosure.  My job is to inform you about these types of situations and introduce you to potential ideas and future business partners.  Today I want to introduce you to Hugo.

Hugo is an interesting guy.  He holds a BS in Computer Science, a JD in General Law, an LLM in International Taxation, a Doctorate in Taxation, a Doctorate in Naturopathy, former CFP, and has traveled to over 100 countries.  Needless to say, he is experienced in international business. 

Recently I heard from Hugo.  Hugo is developing a Wellness Resort and Spa in Costa Rica near the Pan American Highway.  It is surrounded by huge national park and a wildlife refuge.  It is a very interesting concept with medical facilities, spa, hotel, bed and breakfast, and several restaurants.  And right now, Hugo is selling ten of these beautiful lakefront houses for $40,000.

To put the icing on the cake, Hugo has arranged easy, low cost financing for those able to put 30% down.  There will also be property management available for those interested in using this as an income property.  For the entrepreneurs, Hugo is looking for partners for the medical ventures and additional restaurants.  For anyone interested in an absolute bargain in a beautiful location, this deserves serious consideration. 

If you are interested, please send me an email and I will connect you directly with Hugo.  Live well.

There are only two ways to move assets offshore for US citizens without having to report them to the IRS; real estate and precious metals.  Now keep in mind that all US citizens and residents are required to report any worldwide income regardless of where you live.  So if you were thinking about buying that  condo in the south of France and renting it out, you will still need to report the income.  But for asset protection, there is no better way than owning real estate beyond the clutches of the US government.

But if you were already considering buying a vacation property, considering property values all over the world are down and US citizens are likely to see more agressive currency controls, now is the perfect opportunity to buy that vacation house outside of the US. 

I recently made the acquaintence of a man in Costa Rica that is building a very interesting health and wellness resort.  He has already built and sold several houses and has many lots already sold.  He has also built a bed and breakfast and a spa.  He will soon be adding a medical facility, a hotel, and several restaurants.  For qualfied parties, he will even pay for your airfare to come visit.  He is looking for investors who want to build a house, run a hotel, or doctors who can perform plastic surgery.

It’s a great opportunity for those interested in retirement, a second home, a business oppoortunity or just a vacation.  I personally have not toured this property  yet, but I intend to make a trip there later this year to put boots on the ground.  I have thoroughly reviewed his investment offerings and his business plan and it has me intrigued.  I cannot post his contact info here, but if you are interested, send me an email and I will connect you with Hugo. 

It’s certainly worth checking out.  I know I am.