Unless you are willing to pay up to 5% fees. You won't get anything like that.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
In what jurisdictions?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
Usa, dubai and costa rica. Dubai is cheaper thoIn what jurisdictions?
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 transferedInteresting. 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.
Yes, but finding a bank willing to accept a large amount from crypto exchanges is the hard part...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
On Bali there are some constructors who accept crypto bypassing banksYes, but finding a bank willing to accept a large amount from crypto exchanges is the hard part...
I know a few of those and finding it hard to trust them after doing some DD on them.On Bali there are some constructors who accept crypto bypassing banks
What's the fee like?https://bitproperty.eu/
Had a few deals with them. Basically - you pay them crypto, they pay the lawyer/builder/seller with fiat and take a fee. Based in Portugal.
1 -2 it dependsWhat's the fee like?
How long does it take?
How is all the paperwork?
Any sellers rejected?
I know exactly some guys do building thereI 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)
Know the founder personally for some yearshttps://bitproperty.eu/
Had a few deals with them. Basically - you pay them crypto, they pay the lawyer/builder/seller with fiat and take a fee. Based in Portugal.
Yep he's legit. Well anyway everything is done at the notary.Know the founder personally for some years
Helped me in some things
And suddenly became one of my friends
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