Why I Chose Oceano

Dr. Sarkar
Florida, USA

As a doctor in Florida with small children, my schedule is pretty tight. I can only take weekends off or just a few days here and there to relax and enjoy myself. Jaco's proximity to the international airport and its many activities make it very convenient for my lifestyle. There are great restaurants, bars, tours and beaches. There is always something going on.

The new highway that opened this year is a big benefit in my opinion. It makes the ride to Jaco much faster and more comfortable than before. The drive on the old road was not so pleasant. Another thing about Jaco is that the current hotel options in town are not very appealing. They are overpriced and the value is not really there. I am a person that enjoys things of high quality. That is why Oceano's design, quality finishes and amenities definitely appealed to me. I love room service!

I think Oceano will be the best hotel value in Jaco and I am glad I purchased. I also think the project's location is very good for rentals. It is not ocean front but the price is great. Other projects in the Jaco area are very nice but are not designed to rent well. I think Oceano makes more business sense and will bring in more money.

Oceano allows me to have a second home that is subsidized by the rental income.

How to legally purchase rental income properties with your retirement fund

Is it legal to purchase real estate and other non-traditional assets using my IRA?


The answer is yes!
The Employee Retirement Income Security ACT (ERISA) of 1974 passed the responsibility of retirement saving from the employer to the employee. Created in 1975, IRAs provide individuals a chance to direct where their retirement funds are invested.

The IRS code, instead of distinguishing which investments are allowed, identifies which investments are not permitted under these laws. Under both ERISA and IRS codes, there are only two types of investments excluded: life insurance contracts and collectibles such as works of art, rugs, jewelry, etc. Refer to Internal Revenue Code Section 401.


How come I haven't known about this?

It's a common misconception that the only investments allowed in a retirement account are stocks, CDs and mutual funds.
The truth is that broader investment options have been available to the public since the inception of the IRA in 1975.

The retirement industry has been dominated by large transaction-driven custodians who have focused on a narrow universe of investments. While these kinds of accounts may be right for some, they don't offer the kind of freedom that a self-directed qualified retirement plan offers.

The fully maximize your investment options, you need to have a retirement plan that allows you to select your own investments. A fully self-directed retirement plan allows you the freedom to invest in many types of assets -- assets that are not prohibited by the Treasury Department regulations and the Internal Revenue code.

A condo at Oceano is a great option for your retirement plan as it qualifies with all the IRA requirements and provides an alternative option with security, hard asset and high rental income.


Do a lot of people who have self-directed IRA accounts?
The self-directed industry is growing very strong and is expected to see around $2 trillion enter the market in the next two years. There are over 45 million IRA holders, and less than 4% of those are held in non-traditional assets. This number is expected to grow significantly over the next 5 years as more individuals and their financial advisers attain a greater awareness of self-directed IRAs.


How do I open a self-directed IRA?

You can open self-directed IRA account by contacting Entrust Administration Services at 407-367-3472 or by visiting their website at http://www.entrustfl.com/


You'll be asked a few questions regarding the type of account you'd like to open. Then, you'll be provided with the account packet. Simply fill out the form, sign them and return the originals to Entrust.

Please call Rhonda Scott at 866-391-2750
with any questions regarding Oceano and how to generate rental income using your retirement plan.


* Data taken from Entrust Administration Services, INC