Hi,
I am visiting Panama for my first time in February of this year. I am taking a look at Panama City to relocate to. I am also interested in the Coronado, & Gorgona area, as they would be less than a hour's drive to the city. I plan to visit these communities this trip with the thought of purchasing a condo unit in the near future with my 401K self direct IRA, at least the downpayment. Has anyone gone through this process and if so, what are my obstacles? I have contacted HSBC in Panama for any information they might give me to qualify for a mortgage there. I am waiting on their response. I chose HSBC because I bank with them here in the US, New York. I would like to purchase in an area that I can rent easily. I do not plan to permamently stay in Panama, just the winter/spring months. I would return to New York, June thru December, and rent my unit until I return each year. So advice on desireable areas would be appreciated.