main post has been edited and thread is now locked, the company has been launched
https://bitcointalksearch.org/topic/regulated-smart-property-trust-spt-252474
Topic: Rental properties (Read 2626 times)
I don't mean to sound negative.
I am always skeptical of speculative investments, especially in real estate. I can't tell you how many times I've heard people talk about a property "hot spot" being a sure thing, and then be completely wrong. "There is a new motorway/train/shopping centre/school/waterpark etc etc being built near X, house prices will surely go up! Buy buy buy!"
I'm not saying you are wrong about what this shipbuilding contract may bring. But speculation is speculation. And finally, if its something that is really convincing and has a high chance of being a great deal, I would expect that the house prices would have already adjusted as of when the announcement was made, which is usually "too late" to ride the wave. Unless you have information that no one else has, I would expect that other investors have already priced this in.
Is there anything you think that you guys are in a position to do, that others cannot? Some kind of skill, or idea that will build value where others have not yet seen it?
I am always skeptical of speculative investments, especially in real estate. I can't tell you how many times I've heard people talk about a property "hot spot" being a sure thing, and then be completely wrong. "There is a new motorway/train/shopping centre/school/waterpark etc etc being built near X, house prices will surely go up! Buy buy buy!"
I'm not saying you are wrong about what this shipbuilding contract may bring. But speculation is speculation. And finally, if its something that is really convincing and has a high chance of being a great deal, I would expect that the house prices would have already adjusted as of when the announcement was made, which is usually "too late" to ride the wave. Unless you have information that no one else has, I would expect that other investors have already priced this in.
Is there anything you think that you guys are in a position to do, that others cannot? Some kind of skill, or idea that will build value where others have not yet seen it?
tomorrow afternoon (6 or so) I will post our INFO ONLY corporate announcement, the technology/legal team are currently being set in motion, if anyone has knowledge of manipulating transaction script commands and database security I'd love it if they could pm me, we currently need both, as well as having a position available for a bitcoin technology manager (which will be a paid position)
Very exciting. Looking forward to the details.
tomorrow afternoon (6 or so) I will post our INFO ONLY corporate announcement, the technology/legal team are currently being set in motion, if anyone has knowledge of manipulating transaction script commands and database security I'd love it if they could pm me, we currently need both, as well as having a position available for a bitcoin technology manager (which will be a paid position)
Watching.
Sure I look forward to the announcement 
I would be interested in buying some shares if you get this going. Send me a pm message with more information. I.e est. price per share and so on.
a full announcement thread will replace this one on monday sir, we appreciate the interest.
I would be interested in buying some shares if you get this going. Send me a pm message with more information. I.e est. price per share and so on.
How many years have you been in real estate investment for?
I've been trained by my father who was in real estate house flipping for 30 years in Toronto, Canada, as you can imagine this doesn't give me a title or anything.
However my friend Devin Podgorski (who I will give a full dox of as well once we finalize our proposal) is fully qualified to manage, purchase, and organise the sale of all properties we would potentially invest in.
Any investments that are not made without our current expertise in any future enterprise will be done with either our own reciept of required licenses, or we would hire the expertise of another, however that is not an immediate concern.
does that answer your question well? I'm not sure what you were looking for.
How many years have you been in real estate investment for?
Well what I mean is
a) my bitcoin holdings are far less then they were so I & others have less to invest (which is fine, just sucks lol)
the main problem being:
b) the time period between buying more coins, sending them to you and then you cashing them out there could be an even further significant drop in their value. Is there a plan for this?
a) my bitcoin holdings are far less then they were so I & others have less to invest (which is fine, just sucks lol)
the main problem being:
b) the time period between buying more coins, sending them to you and then you cashing them out there could be an even further significant drop in their value. Is there a plan for this?
This is not a short term IPO, we will be getting a mortgage on the house and shares will purchase more and more equity of the building. The valuation of bitcoin presently doesn't matter all that much (however I'm buying $5K worth this evening through a local exchange).
The people who have bitcoins now might not find their coins to be worth as much as they'd like, however if they are holding onto considerable fiat reserves still due to the volatile nature of bitcoins, then this is easily a the "safest" bitcoin investment they could potentially fund, more so then purely holding bitcoins and hoarding.
Well what I mean is
a) my bitcoin holdings are far less then they were so I & others have less to invest (which is fine, just sucks lol)
the main problem being:
b) the time period between buying more coins, sending them to you and then you cashing them out there could be an even further significant drop in their value. Is there a plan for this?
a) my bitcoin holdings are far less then they were so I & others have less to invest (which is fine, just sucks lol)
the main problem being:
b) the time period between buying more coins, sending them to you and then you cashing them out there could be an even further significant drop in their value. Is there a plan for this?
Why didn't you do this during the bubble:P Right now sure is a risky time to be converting a lot of funds to btc.
I've been around, bitcoin goes through busts and booms faster and harder than any economic instrument I've ever seen. Part of the point of this project is to (as I said above
) hedge your bet against a dramatic change in the bitcoin price, while still being exposed to bitcoins if you want to be/b], while still getting all of the benefits of a quasi-anonymous investment vehicle that bitcoin is. It separates the technology from the currency, the currency is fine and dandy but the technology itself is revolutionary beyond any measure, and is only just starting to get exploited.
Why didn't you do this during the bubble:P Right now sure is a risky time to be converting a lot of funds to btc.
Sounds risky on many levels, but still interesting.
Even more interesting: rent the properties for BTC, not $. Bitcoin needs more of an economy than just investors shuffling funds around. Charge rent in BTC, peel off dividends, then convert remaining BTC to $ for the mortgage payment.
Mid-month mortgage payments would give you two weeks to do this conversion, so there's no worry of tight deadlines being missed due to problems with exchanges.
If you can hire contractors to do repairs/maintenance for BTC, even better. You'd make national news doing this (remember the guy selling his house for BTC in Alberta?), and you'd have your pick of both tenants and workers.
The single largest expense for the RE market are the financing costs. So long as those costs are denominated in USD it would be a bad idea to charge BTC rents. Such a setup would only be feasible if there was no mortgage and the entirety of the property is equity-financed.
agreed, we don't need the added hassle of forcing tenants to pay in btc and forcing local contractors to work in btc, we'd rather provide financial reliability for our investors rather than making undue waves.
HOWEVER: As I said previously, we have a distributed, anonymous investor friendly, trust free* company stock system in place that should allow us to be the safest investment in bitcoin history, I will make a new topic and organize the structure of this investment and make a new thread sometime Sunday to outline exactly what we plan to do.
Also we have enough for the down-payment on a mortgage and the funds necessary to create a corporation to handle the property management, however the remainder is what we will be looking to raise.
Sounds risky on many levels, but still interesting.
Even more interesting: rent the properties for BTC, not $. Bitcoin needs more of an economy than just investors shuffling funds around. Charge rent in BTC, peel off dividends, then convert remaining BTC to $ for the mortgage payment.
Mid-month mortgage payments would give you two weeks to do this conversion, so there's no worry of tight deadlines being missed due to problems with exchanges.
If you can hire contractors to do repairs/maintenance for BTC, even better. You'd make national news doing this (remember the guy selling his house for BTC in Alberta?), and you'd have your pick of both tenants and workers.
The single largest expense for the RE market are the financing costs. So long as those costs are denominated in USD it would be a bad idea to charge BTC rents. Such a setup would only be feasible if there was no mortgage and the entirety of the property is equity-financed.
Sounds risky on many levels, but still interesting.
So you're plan would be:
1) Sell Shares for BTC
2) Convert BTC to Fiat
3) Buy Property using Fiat
4) Convert rent back from Fiat to BTC and pay divs
5) In case of sale in say 3-5 years time: Get Fiat, convert to BTC buy shares back / pay divs / whatever
Amirite?
So currency conversion would result in better divs if BTC drops / stays flat and lower divs if BTC rises in the given timeframe?
So you're plan would be:
1) Sell Shares for BTC
2) Convert BTC to Fiat
3) Buy Property using Fiat
4) Convert rent back from Fiat to BTC and pay divs
5) In case of sale in say 3-5 years time: Get Fiat, convert to BTC buy shares back / pay divs / whatever
Amirite?
So currency conversion would result in better divs if BTC drops / stays flat and lower divs if BTC rises in the given timeframe?
correct, this could be considered a hedge investment, as the house valuation is in USD and the rent is in USD, however if you store the btc from divs over the lifetime of the investment you would be in a reasonable position as you are both still heavily invested in bitcoin, and safe against a total loss if bitcoin confidence goes down the tubes for whatever reason.
And since theres a good shot of local land value increasing over the lifetime of the investment, you will most likely make a solid return in both fiat and btc.
Sounds risky on many levels, but still interesting.
Even more interesting: rent the properties for BTC, not $. Bitcoin needs more of an economy than just investors shuffling funds around. Charge rent in BTC, peel off dividends, then convert remaining BTC to $ for the mortgage payment.
Mid-month mortgage payments would give you two weeks to do this conversion, so there's no worry of tight deadlines being missed due to problems with exchanges.
If you can hire contractors to do repairs/maintenance for BTC, even better. You'd make national news doing this (remember the guy selling his house for BTC in Alberta?), and you'd have your pick of both tenants and workers.
Sounds risky on many levels, but still interesting.
So you're plan would be:
1) Sell Shares for BTC
2) Convert BTC to Fiat
3) Buy Property using Fiat
4) Convert rent back from Fiat to BTC and pay divs
5) In case of sale in say 3-5 years time: Get Fiat, convert to BTC buy shares back / pay divs / whatever
Amirite?
So currency conversion would result in better divs if BTC drops / stays flat and lower divs if BTC rises in the given timeframe?
So you're plan would be:
1) Sell Shares for BTC
2) Convert BTC to Fiat
3) Buy Property using Fiat
4) Convert rent back from Fiat to BTC and pay divs
5) In case of sale in say 3-5 years time: Get Fiat, convert to BTC buy shares back / pay divs / whatever
Amirite?
So currency conversion would result in better divs if BTC drops / stays flat and lower divs if BTC rises in the given timeframe?
What timeframe are we talking about? As in - when is the shipbuilding contract supposed to go into full production and when do you expect the properties to increase in value? 1 year? 3 years? 10 years? Not taking anything as guaranteed here, just curious about a raw estimate.
the exact date of starting is a little foggy however news sources have said the first vessels "the first vessels could be christened as soon as 2015."
source is http://www.ctvnews.ca/halifax-wins-25-billion-shipbuilding-contract-1.713515
A significant advantage has been discovered on our contract design, allowing for a completely distributed and anonymous shareholder system, more will be released on the weekend, this should come into full swing next week.
I think we might have just figured out bitcoins KILLER APP
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