Property is seen as good way of holding a relatively large amount of money off-shore for funds that you can’t or don’t want to repatriate. Easy to blend in with millions of rentals held in small LLCs with no centralized reporting requirements like bank deposits or stocks.

https://www.propublica.org/article/china-cartels-xizhi-li-mo...

Many clients bought homes or paid U.S. university tuition.