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Updated over 7 years ago,
Self-Directed Roth IRA for Belize Investment
I am looking into the possibility of transferring funds from my existing Roth IRA (at a discount brokerage firm) to a self-directed Roth IRA in order to purchase Cacao Farm parcels in Belize as part of the Belize Cacao Consortium's investment opportunity (similar to the coffee farm parcel opportunity in Panama via International Coffee Farms - same leadership team, slightly different business model).
In the process, I'm looking to explore different self-directed providers to see what this would look like from each provider and any restrictions that might be in place. Ideally, I would complete the transfer, make the purchases one time, and it would be a long term buy-and-hold with annual distributions from the investment back into the Roth IRA.
I'm looking for something that's easier to set up, has low fees, and has the ability for me to make additional transfers/purchases in the future if I choose to do so (which I'm assuming they all would). One other major consideration is the possible UBTI that could come into play due to the multiple income streams (retail chocolate shop, farming on the parcels, wholesaling beans with other farmers, etc.). My CPA is currently researching this, but any insight is appreciated along with any recommendations/feedback for self-directed custodians.