Topic: Buying House with bitcoin from USA (Read 1482 times)
I think this is not a problem, you need to Bitkoiny in real money to buy a house
Anyone can buy a house in the US, but that may change your right to a visa. You go there with a tourist visa, you buy a house and suddenly you're not a tourist any longer. It's OK if you're over 50, as they will think it's a second home, but you have to be cautious.
But isn't buying a house involves a lot of paper work and then they will see that you are not a citizen and thus have no right to buy a house in the USA? I mean I don't know for sure about the USA but where I live it's impossible to legally buy a house if you are not a citizen.
There's no problem in not being a citizen. In some places, it's very common. In Florida, there are buildings and even some neighborhoods where most landowners are foreigners. But owning a house doesn't give you the right to live there permanently, nor to work.
Can a foreigner buy a house in USA with bitcoins?
I am aware of that the foreigners can buy a house from USA and there isn't any restrictions. But how about bitcoins?
I know if the seller accepts it there won't be a problem but how about the government? Are they ok with that?
Normally, FED controls/monitors every USD transaction all around the world and they check if the money is clean (legally obtained) or dirty (terrorism, tax evasion, drug dealing etc) . Especially if you send the money to USA. Since they won't be able to control bitcoin transactions, how would they know if you are a drug dealer or a legal citizen in your country? Or do they even care?
I am aware of that the foreigners can buy a house from USA and there isn't any restrictions. But how about bitcoins?
I know if the seller accepts it there won't be a problem but how about the government? Are they ok with that?
Normally, FED controls/monitors every USD transaction all around the world and they check if the money is clean (legally obtained) or dirty (terrorism, tax evasion, drug dealing etc) . Especially if you send the money to USA. Since they won't be able to control bitcoin transactions, how would they know if you are a drug dealer or a legal citizen in your country? Or do they even care?
As far as I know they can buy house before I just don't know with the new administration of Donald Trump but it seems he is just mad at those illegal migrants. So, if you have legal papers and migration in the USA then just talk to the owner or a seller if he do accepts bitcoin but if not then just teach him how to use bitcoin or simply convert your bitcoins into fiat.
i agree with you sure....
For anyone interested in reading further on this topic, please visit the link below. It is from the National Association of Realtors:
Can A Person Who Is Not A U.S. Citizen Buy Real Estate?
Can A Person Who Is Not A U.S. Citizen Buy Real Estate?
For me personally, I wont want my money outside my country of residence not to talk of United States of all country? With all their scrutiny and laws, I better put my money somewhere else. And if I must, I would rather find a way to bring it in rather than Bitcoin because the next thing I would see is I am now on watchlist of FBI, CIA, Secret Service and host of others.
I don't know the right answer for that, as people here are not normally real estate dealers. However their is a quick fix to your problem if your are really looking to buy a house with Bitcoin, You convert it to USD. Having Bitcoin be converted to Fiat will make you buy a house using your earnings with Bitcoin. Amd also you will have a hard time looking for people who will be accepting bitcoin as a mode of payment for big money transactions that is.
I do not live in US which means i have never seen someone buy a house by Bitcoin. I know that bitcoin can buy a lot of things on the internet and now people are trying to develop a system which accepts bitcoin on the outside world. Mostly, people buy small stuff by Bitcoin such as tea, candy, paying tax, fees as well as some smartphones.
Well people seems to be buying real estate with bitcoins --> https://www.bitpremier.com/5-real-estate and also http://www.ibtcrea.org/
People are not just buying small things my friend.
--> https://99bitcoins.com/10-most-expensive-items-you-can-buy-with-bitcoins/Do you know about this one? ---> http://money.cnn.com/2013/12/06/autos/tesla-bitcoin/ ... It blows your mind right.. Bitcoin is Money.
Anyone can buy a house in the US, but that may change your right to a visa. You go there with a tourist visa, you buy a house and suddenly you're not a tourist any longer. It's OK if you're over 50, as they will think it's a second home, but you have to be cautious.
But isn't buying a house involves a lot of paper work and then they will see that you are not a citizen and thus have no right to buy a house in the USA? I mean I don't know for sure about the USA but where I live it's impossible to legally buy a house if you are not a citizen.
I do not live in US which means i have never seen someone buy a house by Bitcoin. I know that bitcoin can buy a lot of things on the internet and now people are trying to develop a system which accepts bitcoin on the outside world. Mostly, people buy small stuff by Bitcoin such as tea, candy, paying tax, fees as well as some smartphones.
Can a foreigner buy a house in USA with bitcoins?
I am aware of that the foreigners can buy a house from USA and there isn't any restrictions. But how about bitcoins?
I know if the seller accepts it there won't be a problem but how about the government? Are they ok with that?
Normally, FED controls every USD transaction all around the world and they check if the money is dirty or clean. Especially if you send the money to USA. Since they won't be able to control bitcoin transactions, how would they know if you are a drug dealer or a legal citizen in your country? Or do they even care?
I am aware of that the foreigners can buy a house from USA and there isn't any restrictions. But how about bitcoins?
I know if the seller accepts it there won't be a problem but how about the government? Are they ok with that?
Normally, FED controls every USD transaction all around the world and they check if the money is dirty or clean. Especially if you send the money to USA. Since they won't be able to control bitcoin transactions, how would they know if you are a drug dealer or a legal citizen in your country? Or do they even care?
The fed doesn't control every USD transaction. Not normally, not ever.
What about this: https://en.wikipedia.org/wiki/Terrorist_Finance_Tracking_Program
Very interesting and even a little sad. I guess you are never truly free. All transactions over a set amount are reported in most countries but not to the fed.
I dont know where to buy but im sure you can buy a house using your bitcoins in US. If you can weed using bitcoin, im sure you can have house with bitcoin. Just know exactly the location but i know some hotels and restaurants which accepting bitcoin as payment. You can also ask someone to sell their house for bitcoin. Thats a bit easier than searching here.
Can a foreigner buy a house in USA with bitcoins?
I am aware of that the foreigners can buy a house from USA and there isn't any restrictions. But how about bitcoins?
I know if the seller accepts it there won't be a problem but how about the government? Are they ok with that?
Normally, FED controls/monitors every USD transaction all around the world and they check if the money is clean (legally obtained) or dirty (terrorism, tax evasion, drug dealing etc) . Especially if you send the money to USA. Since they won't be able to control bitcoin transactions, how would they know if you are a drug dealer or a legal citizen in your country? Or do they even care?
I am aware of that the foreigners can buy a house from USA and there isn't any restrictions. But how about bitcoins?
I know if the seller accepts it there won't be a problem but how about the government? Are they ok with that?
Normally, FED controls/monitors every USD transaction all around the world and they check if the money is clean (legally obtained) or dirty (terrorism, tax evasion, drug dealing etc) . Especially if you send the money to USA. Since they won't be able to control bitcoin transactions, how would they know if you are a drug dealer or a legal citizen in your country? Or do they even care?
Yes, a foreigner can buy a house in the USA with bitcoin,if the seller agrees to use bitcoin.
But you will have convert some of the bitcoins into fiat to pay for some transaction fees and taxes.
You will have to proove the origin of the bitcoins,i guess.
If the origin of the money is traced to crime, the transaction will be cancelled and you will be without a house or property. I would suggest that you buy through regulated exchanges, because they adhere to KYC/AML regulations and suspect transactions will get flagged before the property is bought.
The third party payment processor will also convert the money to fiat, so your seller will not have to deal with Bitcoin. You cannot launder money through Bitcoin, when you buy property, because anonymity is void through these types of transactions. < Too much paperwork and legal matters >
The third party payment processor will also convert the money to fiat, so your seller will not have to deal with Bitcoin. You cannot launder money through Bitcoin, when you buy property, because anonymity is void through these types of transactions. < Too much paperwork and legal matters >
OP, be careful. I am pretty sure this will ring some warning bells, making the authorities investigate your transaction. There is a case for them to try to prove that you are doing this for money laundering purposes. The safer path is to sell your Bitcoins for USD first then make the purchase.
What transaction? I haven't done anything yet as I don't even own so much coins. I am just asking and collecting informations. It seems nobody has wondered those before. If it alarms some people in USA it is fine I don't care at all. This will force their hand to make a law for bitcoin. And that's good.
I learnt many valuable information from everyone above. Especially the tourist visa thing is priceless. Which visa type should i be applying for, if the tourist one isn't an option? Residency permit?
OP, be careful. I am pretty sure this will ring some warning bells, making the authorities investigate your transaction. There is a case for them to try to prove that you are doing this for money laundering purposes. The safer path is to sell your Bitcoins for USD first then make the purchase.
As of current date Bitcoin is not a usa approved currency. So buying in it is not legal at all. Secondly a court of USA had rejected it, so buying it in btc will only get you more legal problems. Plus since btc is not accounted for you could have the tax authorities coming down on you hard in USA and your country. Try and get your btc changed to usd. Find a way to bring it in your books, legal way of course and then go for it. Why create so many problems.
Can a foreigner buy a house in USA with bitcoins?
I am aware of that the foreigners can buy a house from USA and there isn't any restrictions. But how about bitcoins?
I know if the seller accepts it there won't be a problem but how about the government? Are they ok with that?
Normally, FED controls/monitors every USD transaction all around the world and they check if the money is clean (legally obtained) or dirty (terrorism, tax evasion, drug dealing etc) . Especially if you send the money to USA. Since they won't be able to control bitcoin transactions, how would they know if you are a drug dealer or a legal citizen in your country? Or do they even care?
i dont think foreigners will buy house in usa now cause of the new policies going to implement on the illegal immigrants but not the legal ones .well i would suggest u to save the money for the future during ur retirement so that u can buy a house at that time nd leave a happy life . kudoos I am aware of that the foreigners can buy a house from USA and there isn't any restrictions. But how about bitcoins?
I know if the seller accepts it there won't be a problem but how about the government? Are they ok with that?
Normally, FED controls/monitors every USD transaction all around the world and they check if the money is clean (legally obtained) or dirty (terrorism, tax evasion, drug dealing etc) . Especially if you send the money to USA. Since they won't be able to control bitcoin transactions, how would they know if you are a drug dealer or a legal citizen in your country? Or do they even care?
You may be able to find one or two sellers in the entire country that would accept a Bitcoin payment.
But for the most part, you are still going to have to convert your BTC to fiat and pay that way.
Maybe someone has an idea for a business- paying for real estate with Bitcoin?
We do. Search real estate in the Announcement forum. But for the most part, you are still going to have to convert your BTC to fiat and pay that way.
Maybe someone has an idea for a business- paying for real estate with Bitcoin?
I think I heard of a person in America that advertised to sell a house for bitcoins. I don't know if he found a buyer but it seemed like a good idea.
Can a foreigner buy a house in USA with bitcoins?
I am aware of that the foreigners can buy a house from USA and there isn't any restrictions. But how about bitcoins?
I know if the seller accepts it there won't be a problem but how about the government? Are they ok with that?
Normally, FED controls/monitors every USD transaction all around the world and they check if the money is clean (legally obtained) or dirty (terrorism, tax evasion, drug dealing etc) . Especially if you send the money to USA. Since they won't be able to control bitcoin transactions, how would they know if you are a drug dealer or a legal citizen in your country? Or do they even care?
They don't control or monitor every USD transaction, at all. Otherwise you wouldn't see crime with it. They just tax people for the most part, to be honest.I am aware of that the foreigners can buy a house from USA and there isn't any restrictions. But how about bitcoins?
I know if the seller accepts it there won't be a problem but how about the government? Are they ok with that?
Normally, FED controls/monitors every USD transaction all around the world and they check if the money is clean (legally obtained) or dirty (terrorism, tax evasion, drug dealing etc) . Especially if you send the money to USA. Since they won't be able to control bitcoin transactions, how would they know if you are a drug dealer or a legal citizen in your country? Or do they even care?
As for money entering the USA, there are some laws but they don't really worry all that much from what I know. They will be able to figure out you bought a house and they will tax the recipient. The only issue I could see stemming from this would be convincing the banks that you can buy it.
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