GREEN REITs (Real Estate Investment Trusts)

You have to be very careful with some people who have investmnent funds that they call REITs (Real Estate Investment Trusts). The majority of them are not legal REITS and are soliciting investments ILLEGALLY both here and more importantly in the USA where the SEC will likely hang them if discovered.

When people advertise or speak of anything where people are “investing” they automatically put themselves under the watchful eye of both the SEC “if” they are involving US citizens and the SUGEVAL (local SEC equivalent) if they are located here.

Of course many people with their “investment programs – have somehow managed to get away with this and have made fortunes (ILLEGALLY) but Murphy’s Law states that if you plan on doing the ‘right thing’ – you’ll somehow get shut down and face significant legal – possibly lifelong – problems in doing so…

Setting up your own fund? You’re looking at start up costs of $50K-$100K plus significant ongoing management, legal, maintenenace and reporting fees.

When you first mentioned this I knew that this would come up again.

What’s the solution for you and your customers who would like to do the ‘right thing?’

I honestly do not know. Do we have US attorneys out there that could tel us if perhaps there is a US ‘trust’ or perhaps ‘charitable trust’ structure that might work?

Scott Oliver – Founder
WeLoveCostaRica.com

Author of How To Buy Costa Rica Real Estate Without Losing Your Camisa and
Costa Rica’s Guide To Making Money Offshore.

You can call it a ‘club’ or whatever you want but I can assure you that since he is soliciting investor’s money he is treading on VERY thin ice both here and in the USA.

Scott Oliver – Founder
WeLoveCostaRica.com