I cut the following from the Pensco article
While it is legal to purchase real estate in any country or even on the moon,
PENSCO will only allow investment in countries that are generally democratic
and that use English in their documents or which will translate their documents to
English. Examples include the U.S. Virgin Islands, England, India, New Zealand,
Australia, South Africa, Ireland, Mexico, and Canada, among many others.
I assume that since you used their article that they have acted as trustee for purchases in Costa Rica?
Also are there lenders willing to loan money on a non recourse note on Costa Rican properties
I just purchased some beachfront property in Fl using my 401k. I transfered the funds into a trust account with Pensco in SanFrancisco. They hold the property in trust for your IRA
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