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Buy a Costa Rica condo with friends – through a corporation

Most people buying a condo or home in Costa Rica do so through a Costa Rican corporation – and if they own multiple properties, they generally have a separate corporation for each property. Some developers in Costa Rica already have a corporation set up for each lot. Many attorneys have empty corporations ready to transfer.

Buying a Costa Rica condo with friends – just in case you’re not ready to make the whole investment yourself – is much easier through a corporation. No “tenants in common”, here parties buy shares of stock. Is one friend going to use the condo twice as much as the others? They can buy twice the amount of stock.

You and your friends may want to alternate times in the property, or sometimes you may want to go and enjoy it together. If there’s time left over, you may want to rent it out, either through a local company or online or a combination of both.

Many people now want to invest SOME of their assets outside the US, but not as much as would be necessary to buy a property outright, especially if you’re looking for a property with great amenities in a gated community. So – you may want to consider getting together a group of your friends or business colleagues and purchasing it through a Costa Rican corporation.

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