Quote from: dim239 on May 16, 2017, 02:02:50 AM

The idea is obvious: raise funds in an ICO and use them in a property buy-to-rent scheme, sharing the profit from rent using the rent money to buy back the crypto asset. Then ultimately reselling the property on the market if majority of investors votes so, and buying back the remaining coins.
The obvious problem is the trust issue: legally the property belongs to the coin issuer, (s)he could just run away with the money. But that would be the risk associated with any kind of crowdfunding, wouldn't it ?
Has anyone tried doing it? How did it go? What are the potential or real issues?

in the U.S. the investors in a real estate scheme would have to be accredited investors, which means they need at least 1 million in net worth. that's why there aren't too many of these around

Markley

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