RE/Financial DUers, how do mone launderers eventuall get their mone out of real estate transactions?

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[leftieNanner]

1. My understanding is

that they buy that condo for $10 million in dirty cash money, and sell it for clean cash money. Maybe even for less than the $10 million. Discounted dirty laundry!

Correct me if I'm wrong.

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8. Thanks.

[Wellstone ruled]

2. Usually load the dump up with Loans

and dump it on a Contract in lieu of a deed and cash out the Contract. Always at a inflated price.

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7. Thanks, good info

[rzemanfl]

3. They have "y" keys on their devices.

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5. If it doesn't skip, but thanks for the helpul information.

[rzemanfl]

10. It was the "t" on my laptop. Eventually the whole row went and I ended up with a new

machine. You may want to check the "f" key too.

[rufus dog]

4. Both responses in 1 and 2 are correct

Plop down a million, sell for 800k.

Or plop down a million, leverage/borrow like a fiend against the property, then default or short sell.

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6. Thanks, good info

[pbmus]

9. Or do the trump dump...buy with illegal foreign money..

Get loans based on illegal ownership then give the property to a friend in Russia...

[Codeine]

11. A ton of property exists only to be

bought by one money launderer only to be sold to the next money launderer through shell corporations created in jurisdictions that don’t require corporate officers to be disclosed.

If you have Prime this is worth seeing;

https://m.imdb.com/title/tt8450534/

[Wounded Bear]

12. High end real estate really needs some scrutiny and cleansing...nt

[lunatica]

13. You buy for a low price and claim you paid a lot more so you can charge the

New buyer much more.

Buy a building for $100 then turn around and your friends buy it with YOUR laundered money for millions. All that money you sent overseas to get laundered comes back to you as if it was someone else’s. So in reality you spent only $100 and get millions back. Millions that were already yours but that on paper belong to someone else.

Trump and his father used to buy building heaters for a low price, then they would enter the amount in their ledgers as being much higher so they could pay lower taxes.