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How to Buy a Home with BITCOIN...

By
Real Estate Broker/Owner with 1st Prime Realty CA BRE LIC 01456248

How to Buy a Home with BITCOIN .  What is BITCOIN?  BITCOIN is a Crypto-Currency, or Digital Money.  The Value of BITCOIN Increases, and Decreases at a Rapid Speed.  If you compare BITCOIN to Gold, and Silver,  BITCOIN would Win.  BITCOIN introduction to the World came around the end of 2009 to 2010.  The Value at the time was about $.0008 - $.08 a Single Coin.  If you were to Invest $50 into BITCOIN in 2010 at $.08 cents per BITCOIN, you would own 625 BITCOIN.  As of to Date BITCOIN Value is $27,782 per BITCOIN.  Imagine the $50 Investment turn into 625 BITCOIN X $27,782 = $17,363,750. +

However, I did say BITCOIN Decreases at a Rapid Speed.  In 2017 BITCOIN was $900 per Coin and Increased to $20,000 in December of 2017. In 2018 BITCOIN plunged below $4,500.  BITCOIN is Transferred from Peer to Peer through a BITCOIN Wallet.  Here is an example of a BITCOIN Wallet: 3NNjjVa4X22PACuePuHAZsNLKkmovNh9gn

That is my BITCOIN Wallet Address.  Once you send BITCOIN to a Wallet, it's GONE!  No Reset Button, No Refunds.  The Block Chain is what moves BITCOIN's.  Buying Real Estate with BITCOIN must be done very carefully.  BITCOIN is also used in some areas of the World for Illegal Activities, and for Illegal Purchases.  You can't Trace where the BITCOIN is coming from, becuase you can remain Anonymous.

The Property Owner who is willing to take BITCOIN as an accepted method of Payment, could fall victim to the Rapid Decrease in BITCOIN Value.  There are some BITCOIN Exchanges that will allow you to Cash out your BITCOIN, but it's a race against the Clock.  Can you Buy Real Estate with BITCOIN?  Yes.  I recommend you speak with a Tax Attorney before you do so.  Why?  As BITCOIN evolves, you must know your Rights.  There are 1000's of Companies Worldwide accepts BITCOIN as a method of Payment.  Before Investing in BITCOIN, get Educated on the Subject.  Remember  Investing you have a Potential of Gain or Loss.

 

Thank You for Reading:

 

Don Alexander REALTOR

1st Prime Realty

619-581-4255

CA D.R.E Lic 01456248

www.1stPrimeRealty.com 

Posted by

Don Alexander REALTOR/Broker

1st Prime Realty

619-581-4255

D.R.E Lic.#01456248

Show All Comments
Sham Reddy CRS
Howard Hanna RE Services, Dayton, OH - Dayton, OH
CRS

Thanks for nice education on botcoin!

 Can you Buy Real Estate with BITCOIN?  Yes.  I recommend you speak with a Tax Attorney before you do so.  Why?  As BITCOIN evolves, you must know your Rights.  There are 1000's of Companies Worldwide accepts BITCOIN as a method of Payment.  Before Investing in BITCOIN, get Educated on the Subject. 

Dec 27, 2020 04:48 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I have heard a lot about bitcoin yet I still don't know much about it at all.  I often wonder if anything truly will become of it.  I have read that many people have become wealthy through investing in it, which leads me to believe that others have had bad experiences with it since not everyone wins in the market, haha.

Dec 27, 2020 05:13 AM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

When it was first introduced it came across as phoney, but the return on that $50 shows it was a lost opportunity fro so many

Dec 27, 2020 03:13 PM
Grigina Green

Yes, I have long dreamed of buying a luxury house, but so far I do not have enough bitcoins. To speed up the process of earning bitcoins, I started playing on the duck dice website and my dream is approaching. I started earning Bitcoins much faster than I did with mining. I think that very soon I will be able to buy a great house for bitcoins.

Apr 10, 2021 01:50 AM
Gaston Archibald

You can buy a whole home from the Bitcoin Revolution site. This is what I am seeing to buy my own house and become independent from my parents since I want to start living alone and do what I want is one of the best options that I currently know.

Oct 05, 2021 06:46 AM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great information.  Thanks for sharing and enjoy your weekend!

Oct 30, 2021 07:06 AM
Ervin Smith

I started investing in cryptocurrency and trading because I wanted to get an additional source of income. Over time, I realized that this can become my main source of income, as the results are excellent. I think it largely depends on the fact that I work with https://changelly.com/exchange/xmr/btc, and choosing a platform is a very important step in trading. If you're looking for a platform and exchanger, check this option.

Dec 28, 2021 09:54 PM
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Short Sale Assistance, 1st Prime Realty is here to help... Get Help today. 1st Prime Realty assist Home Owners in the Short Sales process. What's a Short Sale? Its selling your Home for Less than you Owe. Example: Home Bought in 2004 for $350,000, Home Owners are in a Financial Hardship, because Loss of Income. Mortgage Payments are 3months behind. Home Owner Contacts 1st Prime Realty, Home Owner Authorized the Sale, Marketing Plan Locates a Qualified Buyer, Offer $180,000 with acceptable Terms/Condition, Submitted to the Foreclosing Bank, with Short Sales Package, Bank reviews the Offer, Senior Management Approves, Sends Letter approving Short Sale, Home Owners Signs, Home Buyers Sign, Escrow Closed, and Home Owners are able to move forward without a Foreclosure. Short Sale Approved. The above is only an example, the Short Sales process, has many stages, and a Trained Short Sales Broker should always assist Home Owners in the Sale of their Home. 1st Prime Realty is a Certified Short Sales Real Estate Brokerage by the National Association of REALTORS, and has been given the Short Sales, Foreclosure Resource Designation. We strive to assist all Home Owners who are seeking a Short Sale of their home. Not all Short Sales are approved, the determination depends on many Factors, and your Financial Hardship is the Primary concerns of Most Banks. If you are a Home Owner, and have a Legitimate Financial Harship call 1st Prime Realty, we would like to help. Financial Hardships: *Loss of Income. *Job Loss. *Relocation. *Divorce /or Legal Separation. *Illness. *Death of Spouse/ or Partner. *Victims of Mortgage Fraud. etc. Call us today for more information. Don Alexander REALTOR/Broker 1st Prime Realty 619-581-4255 D.R.E Lic.#01456248 • Location: El Cajon Enlarge Picture Enlarge Picture Enlarge Picture

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