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jamesofomaha

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Everything posted by jamesofomaha

  1. Eleanor, well you got a taste of what my plumbing disaster was like anyway. .. I have PTSD from that plus the tropical storm last week where I had water coming in my front door and bedroom. I hope NO MORE water problems for at least a few months! Would love to have a 3 wheeler for backup! Now if someone will just give me the $ for one, LOL.
  2. Hey Eleanor, I appreciate Paul's sentiment and intention to help but I agree: It's not that easy or affordable having and caring for a horse. Also there is this issue. This grass I have is African, impossible to replace without using Monsanto roundup / rodeo which I am against using, so there's really no practical way of having a horse here without buying feed AND fixing the fence and being prepared for vet calls and etc etc. Can 't afford a moto either right now, plus an old guy like me on a moto on a bad road? Not sure that's such a great idea either. (Last time my friend gave me a ride back from the mechanic's on his, the shaking of my bones left my back hurting for 2 days!) And if I did wreck (as most do one time or another) my old bones might not recover very quickly. The only viable alternative really - at this point - is a taxi or getting rides. Meanwhile as of today, with this "tropical storm", the whole country is flooded, roads are closed, bridges are out and so a car is not much good anyway. I'm stuck here til they fix the roads.
  3. Hey Paul, we did look into getting a horse and as it turns out it costs a bit to feed them and our local expert says we have a type of grass they won't eat so we'd have to buy feed which is a bit expensive actually for someone on a tight budget. Wouldn't mind having one though. Then of course you're bound to have vet bills at some point... I would like to have a burro or mule instead actually, but the same problems exist. Looked into buying one and WOW! I guess around here they are much more expensive than a horse is! Go figure! Guess that's why we don't see a lot of burros and mules. However I heard they USED to be cheaper... I figured out that IF I had no car here I'd just have to pay $22 or so for a round trip into town every week. Not ideal but do-able and actually cheaper than owning a car what with insurance, gas, upkeep, etc. But it's just that a car is so important to have in the case of an emergency, and also much much more convenient!
  4. Appreciate your comments. Unfortunately most of them don't apply to me as, yes, I do live in a very remote area and there is no nearby bus nor nearby taxi, the taxi has to come from 8 miles away so it's expensive. Yes a neighbor might be able to help me with a ride. But the pickens are slim. Or I might be able to get a ride if I go out and walk and "hitch-hike". No store is going to deliver where I live. A rental car would have to be a 4x4, I'd have to go all the way to Alajuela or the airport to rent one, and last time I did it cost $500 a week with insurance. A taxi from 8 miles away would be cheaper! So yeah, I know, I live in a place where a car is pretty much a necessity and if I am without it, it is a hardship. That's just how it is and I accept that. I just wish that car insurance was reliable like it is in the USofA. Some things here just aren't as good.
  5. Right, I get it . So if you are sued for, say $10,000, some judge gives the winner a $100k property and it is sold at auction for $50k for example and you get the other $40k? Just wondering how that would work. Surely i will look into getting insurance. But just wondering how this would work...
  6. Hmmm. Will have to look into getting liability protection for our property. I thought the idea of the SA was that they couldn't take the property from you ... if the property has no assets (i.e. it's non-profit) how do they get money out of it if you're sued and lose?
  7. Hi David, It sounds like you know what you are talking about but that's not the way it was explained to me. Are you an attorney? Do you have a link that explains your info in layman's terms by any chance?
  8. Okay I'm not an attorney and I don't play one on TV nor the internet. However, I am sharing with you what I've been told by 2 attorneys re corporations vs having property in your name. This is what I've been told: "If you have your car or property in your own name, even if you have a will that is legal in Costa Rica, when you die that property will go into probate, it will take a long time to resolve who gets it after you die, and "the government vultures" (my attorneys' term) will charge you 10% or more OF THE VALUE OF YOUR ENTIRE PROPERTY for their "services"." I was told therefore that having the property - such as a car or house or land - in a corporate name, (S.A. or SRL) will allow you to make someone such as your wife, son, daughter, whoever, the new owner of the property if you die, thus avoiding probate completely. Also it prevents someone from taking your land from you in case someone is hurt badly on your property and they sue you and it's determined that it's your fault. If it's in an S.A. they can't come after you. Again this is what I was told, that's all I know about it. I'm not an attorney!
  9. Some more info re dissolving a corporation. A friend of mine said he found an attorney to do it for $120. Go figure. My attorney quoted me $1,000. Guess who won't be my attorney any more?
  10. Thanks for that CRF. A shame that insurance here is not very good on a totaled car. If your experience and comments I've heard apply to most cases.
  11. David, that's good info! Thanks! I didn't know any of that! Is the slow payout only on STOLEN vehicles or also on totaled or badly damaged vehicles?
  12. Unfortunately we do live at least 10km from the nearest bus! That's why this slow insurance payout thing I've heard about, is a concern to me.
  13. David, thanks for the explanation. I don't have bars either. I will not live that way. If it ever came down to having to live that way here, I'd try to move somewhere else. I know the majority of people do but to me it would make me feel like I was living in a jail. Even with nice "pretty" bars... However I don't have any thing of much value, no more than the average Tico home. So I guess I'll have to go get a quote from an insurance guy and see what he says. I'm mostly just interested in the "someone getting hurt on my property" insurance. Another issue is Do the insurance co's pay off in a timely manner? Or do they try to find a way NOT to pay off? I heard that with car insurance if you wreck your car it's not cut and dried/easy like back home. They try not to pay and take a long time to pay when they do so. And with no car rental policy in effect (providing a rental while you wait for money to get another one), what do you do for 2-3 months while you wait for the car to be replaced? So the point is, I wonder if fire or earthquake or theft insurance for a homeowner policy also takes "forever" to get paid out on?
  14. I'm going to go speak with an attorney this month for sure about dissolving the corporation. To me the less forms you have to fill out for the government, the better off you are. I've already had them cut off my social security payment for lack of a 1 page form with 1 basic question that no one even told me I had to fill out, and it was a major headache getting it done because the stupid SSA doesn't provide an encrypted space for documents uploaded to their office. So everything has to be done by hand (i.e. snail mail or Pony Express). With government bureaucracy being what it is, it seems better to me not to have to fill out forms for them every year if you have that option, and there is no real reason apparently to have a corporation, it's just something attorneys like to talk you into doing.
  15. Nice that you can read the papers, or rather that you took the time to learn to read them. Good for you! I speak fluently and am often complemented on my Spanish here, but when it comes to understanding the accents and manner of speaking, here, and understanding tv and radio where they speak really fast, and understanding the news papers where they use a lot of "big fancy words" - LOL - I just don't have the patience. In an ideal world, I know I "should". But it's far from an ideal world... Am working on understanding the way many people SPEAK; that's my goal. I find that in San Jose I can understand the vast majority but in other parts, not so much. Also some people just talk way too fast; others talk with thick regional accents; others mumble. Nothing wrong with any of that, it's just that I have a hard time with it.
  16. I'm still trying to understand, how, if the corporation tax was found "unconstitutional" it is being reinstated, and why - for all the years when it WAS unconstitutional we don't get that money back! But I've noticed that in Costa Rica the government and businesses are very reluctant to give money back, even when they admit the money should never have been charged to you in the first place. I know this isn't Kansas, but at the same time, jheez, how do they justify this stuff?
  17. Do you care to say how much you pay for homeowners insurance? I am paying about the same car insurance as I paid in the states, for a much much older car! So I would think homeowner ins here would be very high as well!
  18. By the way I was quoted $550 to have a "simple will" done , that seems a bit high to me, no? I'll be checking with another attorney.
  19. Maybe no big deal but if it's in a corporation you have to report it and if it's not you don't. From what I understand. I'm not an attorney. Obviously. ;-D I found this out from an attorney online: " The New corporation tax law will allow you in September to transfer the asset out of the corporation without paying real estate transfer taxes. " Not sure what that means in terms of lowering the price, I didn't ask that. In other words how much of the cost of taking something out of an SA and into your name is the "transfer tax" they are waiving and how much of it is other fees like registro and attorney fees etc. So I have more questions to ask! LOL. Anyone have an idea on that? I think it's a good point someone made above about not paying the corporation tax can go towards home insurance which ultimately is a better solution for any problem of someone getting hurt on your property - at least it seems that way. I don't know how much it would cost but curious to find out. I imagine if you keep the corporation CR will just continue to raise and raise the tax over time, so that's another factor, in addition to having to report it to the U.S. Also if you forget to pay your SA tax ... don't have the money when it's due, etc ...
  20. Did anyone sort any of this out re corporate tax? It is approaching July and I am wondering : Is it going to be cheaper to dissolve a corporation and put the car or whatever in your name instead of having it in an LLC/SA (not sure what the difference is, but I'm asking about an LLC). is it going to be substantially cheaper to NOT have property such a a car or house or whatever in an LLC? Anyone heard when this corp. tax is going to actually be ready to be paid? Is it still July? Is there any real advantage to having property in an LLC or SA? What I've heard is that it protects you from someone suing you for your property (assets) if they hurt themselves or you hurt them (as in with a car) or etc.; and that it is easier to transfer said property to a new owner if it's in a corporation. I am wondering if the corporation REALLY makes things that much easier or more secure, to make it worth having ? There are also IRS advantages to not having real estate in a corporation from what I have read, for those who have real estate here. Also, while I do plan to talk to an attorney about all this I am wondering if anyone already has, and what they found out, and what it cost them. Knowing what someone else paid would help me determine what I should be charged for this so as not to get gouged. Oh, one more thing re this: In terms of a will, probate etc, is it easier or better to have property in a corporation vs. personal name, or as long as you have a legal will here in Costa Rica that doesn't really matter? Again I know no one is an attorney here and I will ask at least one if not two attorneys but just curious what other people may have heard or know here. Thanks.
  21. Re Perpetual Tourism. I thought it was not allowed to talk about it here. But since everyone else is talking about it I'll throw in my 4 colones. All I know is that I know one guy who is still a PT and has been for over 10 years, owns a lot of property here and did business as a contractor and he has never had one problem. I know another guy who I'm not sure if he is still a PT or not but he was for at least 12 years and he owned and operated a bed and breakfast at the beach and didn't have any employees, he did everything (all technically against the law) and he never had any problem. In fact the mayor of the local town knew everything about him and loved him. So for whatever reason perpetual tourism could become prohibited at some point but of all the people I've known who did it (at least 10) none of them have ever had a problem. Except ONE person I heard about got a 30 day visa once instead of a 90 day one.
  22. I know there are Spanish schools (at least one) in Heredia. Also there are some at the beaches. COSI has a school somewhere at or near Manuel Antonio. I went to COSI and at that time it was good. They also have one in San Pedro.
  23. If he never created the books then he didn't really do his job imho.
  24. I would consider checking with another trusted attorney on the price for dissolving a corporation. I used a guy who generally is "expensive" and he did it all for around $500 u.s. as I recall. Lawyer prices on some things vary widely. I have been told a specially notarized document cost $60 and then went to another attorney who did it for $15. and even gave me a 2nd copy free which the other was charging $10 extra for. My approach would be to not say you have an attorney already, go to another attorney and ask the questions you asked here. It could be that it does dissolve itself but I also wonder if the unpaid corporation would in any way affect your buying a property in your own name. My guess is it would not. But it's just a guess. Just my 2 colones.
  25. Eco Casas builders

    Hi Marcyira, I investigated this company and talked to them personally last year. What I have to say is neither an endorsement nor a warning - just information I gathered. I can't even guarantee all of it is true, just what I was told. Now that the disclaimer is out of the way here's my info of questionable value. LOL. They do have a web site listed under Eco Casas. They are an offshoot of Maderas Kodiak as I understand it and the wood is treated with a process that I think is guaranteed for some period of time not to be eaten by insects. Maderas Kodiak has been in business for some time but as I understand it, EcoCasas was formed more recently. I can't swear to it but was told the wood they used is MicroPro Treated. If you buy from anyone I would ask for Proof that it is. Because if it is, it sounds pretty good to me. To find out about MicroPro treated lumber do a search for What is MicroPro Treated Lumber? - Osmose Wood Preserved Lumber I was really wanting to build with them BUT their prices seemed a bit high and the guy at Maderas Kodiak was very very hard to reach by phone or internet. The guys at EcoCasas were very hard to pin down in answering certain questions. Your mileage may vary. But the main reasons I didn't go with them were the price and the designs they had to offer, none of which I really liked well enough. You can use your own design but that could get complicated as this is a pre-fab type system and your designer would have to work with them on the specs to make it fit the design. I went with a local builder and used Panacor Structurally Integrated Panels to build with which are light weight and pre-cut to your design (within reason of course) and have been used for many years. If you need specific info I can provide it via private messaging. This .form of building is somewhat "eco" because no trees die to build it and there are no chemical issues that I have heard about. It was recommended to me by a guy who did a lot of research on SIP panels and was looking for an "eco" home. If you do build with SIPS, I'd stay away from a guy named Trevor as he has many things going against him in my humble opinion and I'd be willing to share that info via private messaging. I drove by a Eco Casa model recently and I still like the way the wood looks, and would really like to build a house of wood if I were convinced it were truly "eco" and truly anti-termite or other bugs, and if I had the money to build it with my own design. Those are a lot of Ifs though.
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