Topic: Rental properties - page 2. (Read 2626 times)
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.
This is pretty damn cool. I may not participate, but the crowd-funded investing that Bitcoin is enabling is just so liberating.
It's gonna get the shit legislated out of it, but for now it's just amazing to watch.
It's gonna get the shit legislated out of it, but for now it's just amazing to watch.
I saw a thread similar to this one a few days ago, and thought it was an interesting idea.
A prerequisite for me would be regular updates as to the condition of the properties, short/long-term repairs required, criteria for selecting tenants, etc. While there's money to be made in real estate, I've got no interest in owning shares in slums.
A prerequisite for me would be regular updates as to the condition of the properties, short/long-term repairs required, criteria for selecting tenants, etc. While there's money to be made in real estate, I've got no interest in owning shares in slums.
of course, all purchases, changes in contract would be put to a vote, all information regarding every single change in the current situation/climate would be recorded and sent to all shareholders in a weekly newsletter, as well as all financials organized in a cash flow diagram in google docs.
Even better, every few months I would also take a look at the local housing market and both estimate what the property could sell for, and how much we could make purchasing another
I saw a thread similar to this one a few days ago, and thought it was an interesting idea.
A prerequisite for me would be regular updates as to the condition of the properties, short/long-term repairs required, criteria for selecting tenants, etc. While there's money to be made in real estate, I've got no interest in owning shares in slums.
A prerequisite for me would be regular updates as to the condition of the properties, short/long-term repairs required, criteria for selecting tenants, etc. While there's money to be made in real estate, I've got no interest in owning shares in slums.
I live in a university town (Halifax, Nova Scotia) and there are a ton of rental properties for sale locally. A very good friend of mine (I trust him with my life) has his real estate license, and runs 4 of some of the local rental properties and sublets them out to local university students for the property owners.
A major shipbuilding contract from the government is just starting to go into pre-production, and when that goes into full production ramp the housing local to the shipyard ( in the downtown core) should skyrocket from the new money moving in, so when the shareholders finally decide to sell the house, we should be able to sell for more than we purchased.
all rent would be automatically split up based on share ownership, turned into Bitcoins and paid out as monthly dividends, besides the 5% for maintenance and paying the superintendent (my buddy) for his services of maintaining the building and keeping all the rooms rented.
As you can imagine this security would be a hedge against the Bitcoin price rising dramatically as the sale of the home would be in dollars,
however unlike other investments with bitcoins it would be as low risk as I think is possible in the current bitcoin climate.
Counterparty risk is a problem, however I think I might have figured out a solution once the home is purchased.
The deed to the house would be placed in a vault which can only be accessed from the written consent of 50% or more shareholders, I believe this can be accomplished through securing the deed with a third party, or digitally encrypting it if at all possible, however that part is the trickiest and would appreciate some input in further securing the investment for shareholders.
I don't really trust any of the current bitcoin exchanges, however I'm not adverse to PTs, I would run it similar to ASICminer in how shares are traded/recorded.
for all watchers, the interest post has ended, the main page
https://bitcointalksearch.org/topic/regulated-smart-property-trust-spt-252474
A major shipbuilding contract from the government is just starting to go into pre-production, and when that goes into full production ramp the housing local to the shipyard ( in the downtown core) should skyrocket from the new money moving in, so when the shareholders finally decide to sell the house, we should be able to sell for more than we purchased.
all rent would be automatically split up based on share ownership, turned into Bitcoins and paid out as monthly dividends, besides the 5% for maintenance and paying the superintendent (my buddy) for his services of maintaining the building and keeping all the rooms rented.
As you can imagine this security would be a hedge against the Bitcoin price rising dramatically as the sale of the home would be in dollars,
however unlike other investments with bitcoins it would be as low risk as I think is possible in the current bitcoin climate.
Counterparty risk is a problem, however I think I might have figured out a solution once the home is purchased.
The deed to the house would be placed in a vault which can only be accessed from the written consent of 50% or more shareholders, I believe this can be accomplished through securing the deed with a third party, or digitally encrypting it if at all possible, however that part is the trickiest and would appreciate some input in further securing the investment for shareholders.
I don't really trust any of the current bitcoin exchanges, however I'm not adverse to PTs, I would run it similar to ASICminer in how shares are traded/recorded.
for all watchers, the interest post has ended, the main page
https://bitcointalksearch.org/topic/regulated-smart-property-trust-spt-252474
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