Post
Topic
Board Beginners & Help
Re: How and Where to sell a Motel for Bitcoin
by
calvinstm
on 19/04/2021, 21:43:42 UTC
Well, the first time I did this I was a total noob, and I had no idea what I was getting into.  The reason we pay real-estate agents and brokers the big bucks is because they save us from having to do our own due diligence, and can protect us from losing money.  I will say that this type of an approach is less risky for the seller than the buyer, usually.

One option that you might want to keep open is to sell the "Motel Business" while retaining ownership of the property itself.  That way, someone else is running the business while you get passive income from the lease.  Also, you may have an easier time convincing a tenant to pay you in bitcoin by putting it in the lease agreement.  Cool

LOL.. Thanks for sharing your experience!  Smiley 5% commission sounds a lot but I guess you are right. When it comes to big transaction like this, it is better to stay on the safe side.

BTW, leasing out the "motel business" is a great idea! I honestly haven't thought of that. Thank you so much for sharing your thoughts with me.  Smiley