Costa Rica Expertise: October 2014

Monday, October 13, 2014

Putting cash in land can be a great investment plan

By: Garland M. Baker B.
Exclusive to A.M. Costa Rica

Editor's Note: While this article was accurate at the time of publication, some information may now be outdated. We are currently preparing a comprehensive update. Sign up for our Alerts to be notified as soon as the revised content is live!

Land banking gets a bad rap. It is defined as the practice of putting pieces of land together for future sale or development. However, scammers give the business a bad name because they make false promises to unsophisticated buyers who will ultimately be burned.

Criminals bank money in land, too, so they can launder it over time.