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Re: Looking for real estate for investment (Does this service exist?)
Perhaps, if I was born in Russia and had much of bitcoin, then I would think it's viable option to invest in foreign properties like I described. I'm not sure why this kind of business for Russian or Iranian customers do not exist 
Re: Looking for real estate for investment (Does this service exist?)
I've seen a topic like yours several times already, also interest in investing in real estate.
I will suggest you https://realt.co I haven't used it personally, but I know some users who are happy with how things are going here. There are also some offers here with 10% income.
You can check it but the decision is yours.
I will suggest you https://realt.co I haven't used it personally, but I know some users who are happy with how things are going here. There are also some offers here with 10% income.
You can check it but the decision is yours.
Thank you for your reply. As I mentioned in original post, I'm currently not interested in partial ownership.
One of my friends invested serious amount of money there and from what I know, he is very satisfied with them. I know it's not exactly what OP is looking for and ROI is often below 10%, but its close enough IMHO and these guys seem legit.
I would always choose safety and few percent lower ROI over something dodgy with ROI that looks too good to be true, as we know how those thingss end up.
I would always choose safety and few percent lower ROI over something dodgy with ROI that looks too good to be true, as we know how those thingss end up.
Thank you for your feedback. But seriously, 10% ROI means you have to wait for 10 years to get even. I'm not sure if Ethereum infrastructure (which realt relies on) can continue to exist next 10 years...
Re: Looking for real estate for investment (Does this service exist?)
You won't get 10% net ROI anywhere.
Besides, property investments are for guys with deep pockets.
Besides, property investments are for guys with deep pockets.
Thank you for your reply.
Yes, ROI can be dependent on economy and legal situation etc. I want 10% ROI but that could be too demanding.
Not sure how "deep pockets" standard is measured really. How much liquid assets is enough in your opinion?
Re: Looking for real estate for investment (Does this service exist?)
But one question, considering you found those cheap houses in rural areas in Japan, why not invest in them?
You are already familiar with the environment and don't need to go international until you do it locally
Thank you for your comment. You are right. I'm actually considering buying one of them. I just wonder if it's also possible for foreign countries. It's also better if this scheme works in different legal zones with different armies with different set of political philosophy, because it's way harder for banks (and feds) to confiscate all of them.You are already familiar with the environment and don't need to go international until you do it locally
After 5 years, if your house did not depreciate you can sell it and pay the bank (remember you've got an interest only payment type of deal)
Alternatively you can go for "repayment" type of deal but that increases your monthly costs and minimises your bitcoin investment.
Alternatively you can go for "repayment" type of deal but that increases your monthly costs and minimises your bitcoin investment.
Getting loans from bank is the most common way to get a house in Japan too. Damaged old houses can be valued in much lower prices than in western countries because we have a lot of natural disasters (hurricanes, volcanoes, earthquakes, tsunamis, and exploding nuclear power plants
), and people in Japan tend to avoid second-hand houses, so things are valued a bit differently.I researched a bit about interest-only-payment without remaining debt, but Japanese banks rarely provide such loans for houses. Only government-backed funds provide such a thing, but it's almost like a welfare for old people. So, I have no choice but to select "repayment" type of deal.
Still, I don't like loans because I cannot tolerate associated risks in case the property gets devalued in an unmanageable way. You could lose everything and the loans could bite your other assets. Even if I could perform better with loans, I think it increases overall risks. I could be wrong here though.
I am not getting exactly what you mean by agents. I really don't believe in any so-called agents. I like straight forwards.
You are right and it's better to avoid agents if possible. However, in most countries it's only possible to write official papers in local language. So at least you need a help from translator. But if he (the translator) can also help find properties/customers and convert rent into bitcoin, it's much better (because less trust points are always better). I'm not sure how to exactly name such a profession though.You may DM me or contact me through Telegram if in case you are interested. For advance info, your investment should be in fiat through a government bank. But your earnings could be sent through Bitcoin. It's because Bitcoin isn't legal tender here.
Thank you very much. I may contact you after my final decision. Sending out fiat investment to get earnings in bitcoin unnoticed is promising (perhaps grey) area of business for countries with limited access to bitcoin. It does not seem very popular, but in my opinion that's because they are just hiding under the radar.see https://www.99.co/singapore/insider/tokyo-authorities-uncover-320m-china-investment-scheme-japanese-real-estate-cryptocurrencies/ for more.
If it's about pure investment in eCommerce platform development company stocks or something, I'm sorry to say that I'm not really interested in it now.
Re: Looking for real estate for investment (Does this service exist?)
First of all, it's hard to trust anyone or any agents. So just research deeply. Sadly my country doesn't allow foreigners to buy land directly. The only way is to take a business license and Registrar of Joint Stock Companies. This means you have to open a company here, no matter small. Then you can buy property here legally belonging to the company name and you can sell it at any time you want. Since you don't want to buy sell and going to earn from rent, then there wouldn't much issue and you may do it without hassle. It doesn't cost much though.
Thank you for your advice. Setting up a company and hold stock share with agent is also fine, because in some parts of the world, it could be possible that company ownership right is as strong as land ownership right (but not in my country).
Still, I'm willing to pay for some agent if he can write formal papers in esoteric foreign language instead of me though.
Re: Looking for real estate for investment (Does this service exist?)
Hi ici, thank you for your detailed feedback! Firstly, I'm not a promoter of any token here.
You could be totally right. The price range is just estimated only by my experience in looking for properties in Tokyo. I don't really know about other countries/cities.
In somewhat rural area of Tokyo, it's definitely possible to get old house or condo in less than $30k.
https://suumo.jp/jj/bukken/ichiran/JJ010FJ001/?ar=030&bs=021&ta=13&jspIdFlg=patternShikugun&kb=1&kt=500&tb=0&tt=9999999&hb=0&ht=9999999&ekTjCd=&ekTjNm=&tj=0&cnb=0&cn=9999999&srch_navi=1
https://suumo.jp/jj/bukken/ichiran/JJ010FJ001/?ar=030&bs=011&ta=13&jspIdFlg=patternShikugun&kb=1&kt=500&mb=0&mt=9999999&ekTjCd=&ekTjNm=&tj=0&cnb=0&cn=9999999
So, I estimated that it would be possible for any other country which has lower price standard than Tokyo could have such a property.
I'd define a big city as 2 million+ population area with at least 4000 people/km2 population density.
Yes, of course charging fee with small percentage is acceptable. That's also how I charge customers if I would start a business like this.
So, which point could be other bottleneck? If minimum $10k is too small, what if minimum is $30k?
In point 8 you said you want to invest $10k, but in point 6 you want big city. I can guarantee with everything I have on this earth, that there is no real estate
for 10k in any big city, not even land. If there is such thing, it most likely comes with few hundred grands worth of debt. Perhaps your definition of big city differs from mine.
for 10k in any big city, not even land. If there is such thing, it most likely comes with few hundred grands worth of debt. Perhaps your definition of big city differs from mine.
You could be totally right. The price range is just estimated only by my experience in looking for properties in Tokyo. I don't really know about other countries/cities.
In somewhat rural area of Tokyo, it's definitely possible to get old house or condo in less than $30k.
https://suumo.jp/jj/bukken/ichiran/JJ010FJ001/?ar=030&bs=021&ta=13&jspIdFlg=patternShikugun&kb=1&kt=500&tb=0&tt=9999999&hb=0&ht=9999999&ekTjCd=&ekTjNm=&tj=0&cnb=0&cn=9999999&srch_navi=1
https://suumo.jp/jj/bukken/ichiran/JJ010FJ001/?ar=030&bs=011&ta=13&jspIdFlg=patternShikugun&kb=1&kt=500&mb=0&mt=9999999&ekTjCd=&ekTjNm=&tj=0&cnb=0&cn=9999999
So, I estimated that it would be possible for any other country which has lower price standard than Tokyo could have such a property.
I'd define a big city as 2 million+ population area with at least 4000 people/km2 population density.
the above, if paid in FIAT or transferred to bank directly to you shouldn't be a problem since you could convert to btc yourself. If someone does the conversion they'll most likely take service charge for the work done
Yes, of course charging fee with small percentage is acceptable. That's also how I charge customers if I would start a business like this.
So, which point could be other bottleneck? If minimum $10k is too small, what if minimum is $30k?
Re: Looking for real estate for investment (Does this service exist?)
That's why its hard to find this since we don't know if the project creator is real and really have a physical project running. So best for you to seek for another type of investment since mostly the people I see who use real estate as their front are scammers so better be careful and I think you are already knowledgeable since you mention about those ICO scams.
Sad but true... if bitcoin was more accepted in society, I would never ask on this forum because there are too many scammers. I am asking here because most people outside of bitcoin community don't know how to properly handle and hedge it. It's crucial for me to own asset which is hard to confiscate and generate yield in bitcoin, so I'll try hard to find another option. Mining is not a hedge for bitcoin in my opinion.
Are you interested if I am locally-licensed, bitcoin-paying agent who satisfies all criteria described above? If not, what's lacking? Since real estate ownership does not get automatically revoked regardless of your place of living, if signed carefully, all you lose is just a maintenance capability over foreign real estate. You can find another maintainer , contractor or buyer even if I just scammed you and disappeared after contract.
Who knows if it's suitable for you, the point is to check first, their reputation is calm for ICOs and other investors as well as their tokens.
Reputation does not matter to me. Positive posts on this forum can be by sock-puppets and incentivized shills.
Re: Looking for real estate for investment (Does this service exist?)
Thanks for your reply.
I am from Japan. I looked into the project and found it a crowdfunding thing, but it's not appropriate for me because the following condition does not meet.
It seems to me that the project is typical 2017 ICO scam. They just sell erc20 tokens with buzzword without any real use cases.
I don't know which country you live in, as far as I know the Real Estate below, is widely used by the community here, looking for profit in investment.
I am from Japan. I looked into the project and found it a crowdfunding thing, but it's not appropriate for me because the following condition does not meet.
Quote
4. Full ownership of foreign real estate investor should be protected by the local law. The contract should be real, legal one. I don't want "tokenized" asset or partial ownership like http://realt.co/.
It seems to me that the project is typical 2017 ICO scam. They just sell erc20 tokens with buzzword without any real use cases.
Looking for real estate for investment (Does this service exist?)
Purpose
I have two purpose for the investment.
1. I want to diversify my portfolio. At the same time, I want to do DCA-bitcoin automatically.
2. I want to get paid by bitcoin monthly even when I live abroad, so that banks cannot interfere with my money. In my country, it's common to get bank account closed if I start to live abroad. Though, real estate ownership does not matter where you live and never get closed.
What I'm looking for
I'm looking for real estate for investment (and local agent) with the following conditions.
Conditions
1. I'm mainly looking for income gain for rent, not a capital gain for just buy-low-sell-high.
2. Rent should be paid by bitcoin with the amount of fixed local fiat currency (for example, 400 USD per month). The rent should be collected by appropriate agent and converted to bitcoin.
3. After I purchase a real estate, it should be possible for me to sell the real estate at any time, if there are any buyers who want to buy it with agreed criteria. (For example, imagine I purchase a condo with 100k USD, and after 1 year I get 10k income gain. After that, I decided to sell the condo with 100k USD and place it on the sell list. But nobody wanted to buy with 100k USD, and 1 year passed. Now I got 20k income gain in total. I lowered price to 90k USD and there's finally a buyer. So I get 110k USD in total)
4. Full ownership of foreign real estate investor should be protected by the local law. The contract should be real, legal one. I don't want "tokenized" asset or partial ownership like http://realt.co/.
5. It does not matter if the real estate is brand new or second-hand. It also does not matter if the real estate type -- land ownership, small flat, condo with small room, or full building with land.
6. I want liquidity, so preferably the real estate should locate in big city. I also prefer at least moderately developed country.
7. For initial purchase, I want to pay by bitcoin or international bank transfer.
8. I'm not sure if the above scheme work out or the agent can be trusted, so I firstly want to buy small real estate which costs around 10k USD.
9. It is possible that foreigner cannot tell where is dangerous neighbourhood in a city. Real estate in such a place should be priced lower. Local agent should be able to explain such associated risks.
10. Expected return should be more than 10% per year, including all the associated fees.
Questions
I have following questions to the community:
1. Do you think the scheme described above is possible? Are there already similar service?
2. If I would be a local agent for the scheme described above for my local area (Tokyo/Japan), are you interested in it?
Links
Useful links:
- https://bitcointalk.org/index.php?topic=12185.0 (It's very close to the conditions described above, but they do not seem to pay rent with bitcoin https://www.akasakarealestate.com/main.pl)
- https://bitcointalk.org/index.php?topic=5353450.0 (It's similar case for Dubai)
I have two purpose for the investment.
1. I want to diversify my portfolio. At the same time, I want to do DCA-bitcoin automatically.
2. I want to get paid by bitcoin monthly even when I live abroad, so that banks cannot interfere with my money. In my country, it's common to get bank account closed if I start to live abroad. Though, real estate ownership does not matter where you live and never get closed.
What I'm looking for
I'm looking for real estate for investment (and local agent) with the following conditions.
Conditions
1. I'm mainly looking for income gain for rent, not a capital gain for just buy-low-sell-high.
2. Rent should be paid by bitcoin with the amount of fixed local fiat currency (for example, 400 USD per month). The rent should be collected by appropriate agent and converted to bitcoin.
3. After I purchase a real estate, it should be possible for me to sell the real estate at any time, if there are any buyers who want to buy it with agreed criteria. (For example, imagine I purchase a condo with 100k USD, and after 1 year I get 10k income gain. After that, I decided to sell the condo with 100k USD and place it on the sell list. But nobody wanted to buy with 100k USD, and 1 year passed. Now I got 20k income gain in total. I lowered price to 90k USD and there's finally a buyer. So I get 110k USD in total)
4. Full ownership of foreign real estate investor should be protected by the local law. The contract should be real, legal one. I don't want "tokenized" asset or partial ownership like http://realt.co/.
5. It does not matter if the real estate is brand new or second-hand. It also does not matter if the real estate type -- land ownership, small flat, condo with small room, or full building with land.
6. I want liquidity, so preferably the real estate should locate in big city. I also prefer at least moderately developed country.
7. For initial purchase, I want to pay by bitcoin or international bank transfer.
8. I'm not sure if the above scheme work out or the agent can be trusted, so I firstly want to buy small real estate which costs around 10k USD.
9. It is possible that foreigner cannot tell where is dangerous neighbourhood in a city. Real estate in such a place should be priced lower. Local agent should be able to explain such associated risks.
10. Expected return should be more than 10% per year, including all the associated fees.
Questions
I have following questions to the community:
1. Do you think the scheme described above is possible? Are there already similar service?
2. If I would be a local agent for the scheme described above for my local area (Tokyo/Japan), are you interested in it?
Links
Useful links:
- https://bitcointalk.org/index.php?topic=12185.0 (It's very close to the conditions described above, but they do not seem to pay rent with bitcoin https://www.akasakarealestate.com/main.pl)
- https://bitcointalk.org/index.php?topic=5353450.0 (It's similar case for Dubai)