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I would assume that it's a quick way to turn cash into an asset. You buy the house to keep your money safe, then sell the house when you need money. I'm curiou
by zatkin 11y ago
I would assume that it's a quick way to turn cash into an asset. You buy the house to keep your money safe, then sell the house when you need money.
I'm curious if this could also work in a foreign setting. Like buying a house in another country.
- WalterBright 11y agoTurning cash into an asset is not money laundering, even if the cash is dirty. Laundering is making it look like you received income from legitimate activity.