Links & More:
TEDx Manhattan Beach
ENCORE Gala 2018 Autumn Ball
Union Station Homeless Services Presents: Evening For The Station
International Myeloma Foundation 12th Annual Comedy Celebration
TEDx Manhattan Beach
ENCORE Gala 2018 Autumn Ball
Union Station Homeless Services Presents: Evening For The Station
International Myeloma Foundation 12th Annual Comedy Celebration
Cryptocurrency funnels through blockchain. The advantage of using it in real estate is that you don't want to have all your coins in one basket. You can make a lot of money investing in cryptocurrency and then purchase something tangible (such as real estate). When purchasing a home with cryptocurrency, it is similar to a cash transaction. You still have to show proof of funds, pay taxes, and record title the traditional way of purchasing homes. We have an escrow company set up with Bitpay, which will convert your cryptocurrency into cash. There is an extra fee you have to pay using Bitpay to convert the coins. Also, because you have to record title with the county recorder, it is not an anonymous transaction type.
There is always a risk that the cryptocurrency market will go down while you are in the transaction. Should that happen, you need to have enough cryptocurrency or cash to make up the difference. That is shown in the proof of funds.
Cryptocurrency relates to all crypto coins. Bitcoin is just one coin out of thousands, but is the most well known and the most popular coin at this time.
You need to show Proof of Funds, like with any Real Estate Transaction.
Something that I find to be of interest to many and one reason why many are motivated to engage with crypto and are utilizing this in their real estate transactions is that cryptocurrency is not governed by any governments as of yet. Once this changes, and the government becomes involved, they will start tracking it and taxing it. For those not wanting the government to know what they have, and not wanting to pay tax on it... cryptocurrency is a golden opportunity area.