you mean a condo or a house? Never heard about a DP on a apartment.
Idk much about investing my money is in safe places, small stocks and Cd's.
You can check out stocks I just got into it.
You can check out cd's too, they got high returns. I always continue to add funds to my cd's. know IRS will be alerted if it goes over $9,999 in one transaction
CD= Certificate of Deposit.
I know that the 9,999 per transaction is true if its to a business or bank or lender. I would be careful in stocks you could lose your ass for now. I would probly do CD's but make sure you spread em out... Also consider offshore... In small amounts... I know a dude that sold the nasty white shit that would buy shit with dirty money and sell it on ebay to clean it up.... not sure if hes around i moved to another state... VA to PA... just dont be a dumb ass and drop 40k on cars that can be a real fast problem
Haha now we are talking money laundering . . . Thats funny but seriously.
Three steps:
1. Placement: "Dirty" money is place into a legitimate business, or placed in multiple bank accounts under the 10k reporting amount. Banks look for smurfs or people that deposit cash under the reporting amount often however, be smart. Most important step! Must be done right!
2. Layering: The money is transfered to offshore accounts with banking privacy laws. Smartest way is to make the transfer to a offshore corporation and then to an account under the corporation. Sometimes high value goods are bought and sold in this phase. Example buy a house with dirty money in the Bahamas (or an island like fdd
) sell it for "clean" money. Best offshore accounts are in Bahamas and Panama they both have the strictest banking privacy laws. It is suspicious to regularly receive wire transfers to a US account from these countries however. So transfer to a European account and then to your US account.
3. Integration: The money is re-deposited in US accounts appearing to come from legitimate sources. At this point it can be used for anything.
So what do you do?
Answer: Own a small business that makes regular cash deposits and work with a British bond trader in London
(nobody has to know about your Panama Corporation). If you are getting big get a friendly CPA who likes to make money and not ask questions.
Only 3% of the US currency is cash the rest is all electronic. Two of the three percent of this cash exsists outside of the United States.
So the 10k amount is a good rule however Banks constantly monitor for people who appear to be avoiding the reporting limit.
Disclaimer: I have not and never will launder money. The above is for educational/entertainment purposes only.