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Crypto to real estate investment (not retail buy) jurisdictions? Bypassing banks

#22
OKboomer said:
Hi all,

I am interested in investing in real estate. Note that investing in real estate does not mean buying some shiny low quality apartment that will be unattractive in 3-5 years. Nearly every real estate deal I have seen touting that they accept crypto is either low quality that nobody wants to buy or a regular deal but marked up a few per cent for crypto payment, and also it's mostly targeting retail (whether regular or rich retail). What about the situations where I might want to actually invest into real estate, either special situations, or upcoming construction,etc. Any jurisdictions where on can just use crypto to invest and bypass banks altogether? I obviously don't want to be limited to the poor options where crypto is openly accepted.

I need not only acceptance of the seller here, but also acceptance of notaries in case of a deed transfer, as in most countries they strictly require a proof of bank transfer under your / your company name.

Any ideas?
Thanks
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Unless you are willing to pay up to 5% fees. You won't get anything like that.

I personally buy real estate this way and often pay 4% fees
 
#26
OKboomer said:
Interesting. At least in the two EU countries you mentioned, no notary was willing to use a crypto transaction as proof of payment and thus they refused to process the real estate transfer with crypto as payment.
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Hence why you need to convert crypto to fiat. Little to few notary/lawyers will accept to sign a Crypto to crypto transaction. You must wire into the notary account and he unlocks the funds to the seller once the titles are transfered
 
#29
vehzag said:
On Bali there are some constructors who accept crypto bypassing banks
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I know a few of those and finding it hard to trust them after doing some DD on them.
Also finding it hard to trust Bali/Indonesia.

So basically, yes, they are willing to accept crypto, but it is only because a big chunk of their clientele simply has no other payment options and nowhere else to go. (so it's a "win-win" for both sides in their opinion, in their positions; but not for me)
 
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#35
OKboomer said:
I know a few of those and finding it hard to trust them after doing some DD on them.
Also finding it hard to trust Bali/Indonesia.

So basically, yes, they are willing to accept crypto, but it is only because a big chunk of their clientele simply has no other payment options and nowhere else to go. (so it's a "win-win" for both sides in their opinion, in their positions; but not for me)
Click to expand...
I know exactly some guys do building there
As well as the guy who builds there and builds me a house in Europe
So for me it’s easier
 
#37
vehzag said:
Know the founder personally for some years
Helped me in some things
And suddenly became one of my friends
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Yep he's legit. Well anyway everything is done at the notary.
 
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