Topic: Two awesome pieces of real estate for sale (cryptos only) (Read 1133 times)

Yes, exactly.  Escrow will be used.    It will be used to protect the buyer mostly, of course.  But during the confirmation process (which is short of course, but can take an hour or longer), then the escrow would be there for me.   
There is just no getting around escrow with real estate IMHO.

Except that I have sold property in Ebay for coin.  Ebay works, because there is a lot that the seller risks if they do not complete the transaction properly.   But with an amount this high, I would insist on using escrow.

To be honest the escrow wouldn't be protecting you, it would be protecting the buyer because it is easy to validate the person has the funds, that is why escrow is used in real-estate transfers. In this case it would to protect the buyer that you really own those pieces of land. Also these are going to have fees attach you can't get away with that, even in real estate transactions you have many fees for escrow, title, commission for broker. Right here you can save on the escrow and broker fees.

I think we are missing some essential elements.   When doing real-estate transfers, escrow is necessary (at least deals with me).   
Coinbase and bitpay come up short.   Even CryptoThrift offers escrow.   There are about a dozen semi-reputable bitcoin escrow providers, but they have fees associated with their service. 

I may in the end grow through Cryptothrift, I know one of the partners from trading over the last couple of years, and their system legit.

http://www.maxkeiser.com/2013/04/how-vulnerable-is-bitcoin-payment-processor-bitpay/

Coinbase is free for up to $1m IIRC. That is another option for instant conversion, and they pay out daily as well.

Part of my recent mark up on the 5 plex, is that we are putting new appliances in the units.  That costs me about $15,000.  Some of the appliances have been ordered already.  We already installed  rain gutter 2 weeks ago, and we have a contractor coming to upgrade the siding, and do some work on the roof, and put new on-demand propane water heaters in all of the units.   

We have only owned this building for less than a month.  Our buying price is around $160,000, and we are certainly not buying and selling property at the same price.  After we put money into it, and improve the property we sell the building for a profit.

The more money that we put into the building, the more the building costs. 

So if you pay $220,000 for the building, all of the planned upgrades will be included.   If you buy the building for $168,000 the building sells as-is.

But yes, I do ABSOLUTELY charge a premium for crypto, based on risk, and efforts involved in converting the money to fiat.

Bitpay charges for their services.   But I don't see a plan advertised on their site that allows for such a transaction, it looks like they are capped at $100k.

I have made my prices available.   For me taking crypto I charge one fee.   For me taking fiat I charge a different fee.  But anyone who wants to pay in fiat, are welcome to.  It's not required that you pay in crypto.   
It's like at my gold exchange.  I don't sell gold for spot value, I charge a premium.  All dealers do.

Both of these are dead on. My first thought when you talked about fluctuations is using Coinbase/Bitpay since you will get exactly what you charged (if you charge $110k, you will get $110k). Charging others extra because YOU want to take extra steps in the hopes of making more money makes no sense.

Use bitpay, you can create an invoice and they will automatically turn it into fiat, not that hard really.


Because the market went up and down, I now have to pay much more for a building? When the dollar lost a lot of value against the Euro did people start marking up their houses in the USA? No this is what happens currencies go up and down.

Ahh. I think I might have done the same thing. I wish this was in Wisconsin, It's what I'm looking for locally. I don't about prices in Maine, but I bet this will sell quick.

-Cheers

I am currently traveling for business, across the USA.  If you are in the USA, it is very possible that I could come to you and talk about it.   Where are you located, and do you want to meet up?

PM would be fine.  But as for phone, I am going through lots of dead spots right now, so PM would be better.

I had intended on building an airstrip, which is one of the reasons that I bought the property.
But after living there for the last year, there are way too many awesome animals that would be displaced if I did that.   But I have moved my operation to the west coast as a business strategy, and I need to loosen some of my investments because of that.

Is that an old air strip on the Maine property? That would make for a convenient commute!

I would like to visit the cabin, when would be an okay time to contact you about that?

More pictures coming.   I am traveling right now, so I have limited pictures available.

This is the cabin this last winter.

http://postimg.org/image/y6t7n6fin/

Here are a few things about crypto.

1.  In order to even pay my taxes, I must convert the crypto to fiat.  That is not a quick process, and there is a lot of risk in doing so.

2.  Crypto is far more volatile than fiat.  My fiat while it is being inflated, and the value being deflated. 
My fiat has not lost half its value over night, like my crypto did.    I bought a bunch of crypto at $1000 USD, and then a week or so later, it bombed out to less than $500.


As for the value of the properties.

You will not be able to find me a 5 plex, that produces $2100 gross income for less than $220,000, anywhere.  If you do, please provide me a link and I will buy it. 

As for the cabin.  This is a fully functional offgrid cabin, no utilities bills, yet all of the utilities.   Totally self contained with 51 acres.   I have never found a deal like that for $120k, not yet $110k. 

I buy a lot of properties, and I know that what I am selling is well worth the price, either the crypto price or the fiat price.   

As far as charge backs.  I don't ever get charge backs when I sell real estate with fiat, because I go through a title/escrow company, and I get the title, when the seller gets their cashier check and vise verse.  The escrow company verifies the funds before the exchange is made.  So I feel completely safe with either crypto or fiat.   

With crypto I have offered to use/pay for a title/escrow company just like with a fiat transfer.


But with this said, if you would like to take advantage of the fiat price, and convert your own crypto.  Then the fiat price is good if you want to do the transaction this way.

Thanks

That's why I asked. It seems backwards.

Even the cabin is being sold for less on CL than it is here (120k vs 110k). I'd think if anything it would be cheaper in crypto, considering you know for sure the money is clean and it's yours. No chargebacks (which can happen with drafts as well) or tainted funds that could otherwise be confiscated.

If it is priced to sell at $169,000, why are you selling it here for $220,000?

I'm confused.

Surely you have more pictures than just that one low-res photo?

Please link and share.

Your other ad says $110k yet you are selling here for $120k?

This is a link for info and pictures on the 5-plex.
http://statelesstrade.com/income-producing-5-plex-for-sale-in-pocatello-idaho/

This is a link for the 51 acre camp/cabin
http://maine.craigslist.org/reo/4489153702.html

Hi,
Can you give some link to see pictures of the properties?
BR