Costa Rica for Expats: Real Estate Investing Simplified

In this episode of the Matt Chambers Show, host Matt Chambers interviews Costa Rican attorney Gonzalo Rojas, the president and CEO of Quatro Legal. Gonzalo is also a real estate expert who shares insights into the Costa Rican real estate market. The conversation covers the expert's background, the appeal of Costa Rica for foreign investors, key regions for real estate growth, navigating transactions, building trust, financing options, tax responsibilities, and advice for new investors. Gonzalo emphasizes the importance of relationships, working with qualified professionals, and understanding the unique aspects of the Costa Rican market.

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Takeaways:

• Investing in real estate is about relationships.
• Costa Rica's biodiversity attracts foreign investors.
• Guanacaste is a prime region for real estate investment.
• Working with a qualified attorney is crucial.
• Escrow services are essential for secure transactions.
• Most foreign buyers purchase properties in cash.
• Financing options for foreigners are becoming available.
• Rental income is now taxed in Costa Rica.
• Residency can exempt you from capital gains tax.
• New investors should seek professional guidance.

Chapters

00:00
Introduction to the Matt Chambers Show

01:06
Background and Journey into Real Estate

03:55
The Appeal of Costa Rica for Foreign Investors

08:08
Real Estate Growth Regions in Costa Rica

11:56
Navigating Real Estate Transactions in Costa Rica

16:14
Building Trust and Networks in Costa Rica

20:05
Financing Options for Foreign Buyers

23:53
Tax Responsibilities for Rental Properties

28:07
Advice for New Investors in Costa Rica