Topic: Buying a house with bitcoin - page 3. (Read 6319 times)
I'll be depressed until the day 1 btc can buy you one house
Tell them estates agents how they could make money while bitcoin rises,they will for sure accept your proposal to pay in BTC. Greedy asses are agents 
Please also tell them to secure the wallet, I don't want to read headline saying people sell house with bitcoin and lost it by hacker..
Using bitcoin to purchase a house would be amazing and truly a step in a great direction especially for those first time buyers however I do not see any way of you avoiding tax as you can bet all estate agents would find a way to tax you. Maybe estate agents will soon realise the potential of bitcoins and hopefully be more interested in accepting it rather than ignoring it.
Tell them estates agents how they could make money while bitcoin rises,they will for sure accept your proposal to pay in BTC. Greedy asses are agents
Sometimes in the past bitcoin didn't even worth buying a single chocolate bar spending thousands of them and now I am witnessing this.A huge advancement in money mechanism bitcoin has put forward
It will be really great when this happen and Bitcoin become mainstream currency, like dollars, Euro...
But, this will not happen overnight, and I guess in the beginning we will have limited options what we can buy with bitcoin, digital staff...
Later we will have more and more product and eventually it will be possible to buy even house, yes
yes true it will not happen in a short time. our job is to keep the situation stable. that's enough. Do not get too excited until we take bitcoin as much and make the price fall But, this will not happen overnight, and I guess in the beginning we will have limited options what we can buy with bitcoin, digital staff...
Later we will have more and more product and eventually it will be possible to buy even house, yes
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
Guess that depends on where one wants to live.
For now but in the future the ideal would have it be another way of paying for it
Saving on realtor costs and some legal fees as well.
Buying with bitcoin will mean avoiding tax vs cashing out bitcoin before purchase in UK im pretty sure?
I am not specifically knowledgeable about UK tax law, but I would pretty much guarantee you that it doesn't necessarily have to be a cash sale to qualify as a capital gain. You would most likely owe on the difference between the fair market value of the house on the day of purchase versus the basis price of your Bitcoins.
It will be really great when this happen and Bitcoin become mainstream currency, like dollars, Euro...
But, this will not happen overnight, and I guess in the beginning we will have limited options what we can buy with bitcoin, digital staff...
Later we will have more and more product and eventually it will be possible to buy even house, yes
But, this will not happen overnight, and I guess in the beginning we will have limited options what we can buy with bitcoin, digital staff...
Later we will have more and more product and eventually it will be possible to buy even house, yes
Guess that depends on where one wants to live.
Buying with bitcoin will mean avoiding tax vs cashing out bitcoin before purchase in UK im pretty sure?
I am not specifically knowledgeable about UK tax law, but I would pretty much guarantee you that it doesn't necessarily have to be a cash sale to qualify as a capital gain. You would most likely owe on the difference between the fair market value of the house on the day of purchase versus the basis price of your Bitcoins.
Skele, it can be that easy, if no loans are on the property deed free and clear..
Be nice to see our deed / title to property go digital maybe even new type of blockchain holding title to assets.
Be nice to see our deed / title to property go digital maybe even new type of blockchain holding title to assets.
RodeosX,, 5399 diehl ln, 63049 is on 10 acres of land, with possible 10 acres next to it available. How much raw land and where are you looking if you don't mind me asking?
Hi,
Mostly I'm looking for 40+ acre tracts. But Maybe less space for high quality land. Like with waterfront for example. I'll look at the ones you have posted. But I would prefer a place in Wisconsin.
-Cheers
RodeosX,, 5399 diehl ln, 63049 is on 10 acres of land, with possible 10 acres next to it available. How much raw land and where are you looking if you don't mind me asking?
I'm looking for real estate that is buy-able in bitcoin also. Not a house, just large tracts of raw land. When I buy one I will have to pay capitol gains on the appreciation in value. Not sure how they do it in the UK, but I think you may owe also. The only loophole I can think of is in Denmark. You may be able to get a house without capitol gains there.
In the case of 5399 diehl ln , 63049 the owner has title free and clear, deed in an LLC, transferring ownership is as easy as handing over the LLC papers and deed. Plus the owner does not wish to exchange their bitcoin into USD by using bitpay or coinbase. Most other transactions will have loans attached and would need to exchange BTC into USD to payoff loans.
Depending on location of property can get tricky... Keep it simple is not always possible.
Depending on location of property can get tricky... Keep it simple is not always possible.
Wow very interesting topic. I actually operate an property management company in the Midlands and London, and though i would really like the idea of implementing (piloting) Bitcoin into the firm. It will surely be difficult to find supply of sellers willing to sell their property in exchange for Bitcoin. Simple reason being the negative externalities of current market volatility, with the value of Bitcoin fluctuating the risk is too great for the average tech savvy home buyer/ seller. Ofcourse other common issues are financial regulation and rules of conduct. I haven't thought about the above in in too much detail, nor am i knowledgeable with the legal aspect of bitcoin, however if anyone has any suggestion around the above it would be great to here.
http://www.homes4bitcoin.com home for sale 575 bitcoins
Great Idea ! You can avoid the fiscal control and if you're very lucky, you can pay house to cheap price 
sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
Planning on buying a house in the UK with bitcoin when it goes to the moon in next price bubble. Buying with bitcoin will mean avoiding tax vs cashing out bitcoin before purchase in UK im pretty sure?
Im imagining issues of:
1.) Estate agents will still assume bitcoin is retarded money :/
2.) Negotiating for a lowball price will be harder with bitcoin
3.) General lack of choice, we need ebay to accept bitcoin or like a bitpay for property
Any tips about how to go about the procedure, has anyone bought a property with bitcoin? (if UK great!)
Im imagining issues of:
1.) Estate agents will still assume bitcoin is retarded money :/
2.) Negotiating for a lowball price will be harder with bitcoin
3.) General lack of choice, we need ebay to accept bitcoin or like a bitpay for property
Any tips about how to go about the procedure, has anyone bought a property with bitcoin? (if UK great!)
I dont think using Bitcoin would let you avoid tax, they will use it to calculate the actual value in USD and still tax you.
If you're using bitcoin to tax evade you are to late, authorities caught on in the $20/BTC days
It is always a bad idea to avoid paying taxes.
With that being said it is still possible to deal with bitcoin anonymously to avoid any kind of reporting.
Jump to: