Topic: we can trade your BTC for luxury or income property (Read 306 times)
Of course, everyone took and ran to trust unknown people who did not even provide any evidence of successful transactions.
Obviously this forum is full of scams as the replies have certainly indicated that. Nonetheless it is up to any buyer / trader to do their own due diligence. It is easy to yell 'scam' but that doesn't make it true. For someone who is really interested it would be easy enough to establish whether what we offer is real or not. And yes...we would have loved to post through an established account. But that wouldn't have been presenting myself authentically. We are not long time BTC investors. We only started doing BTC trades because we were asked to. And once we figured out how to do it ...why not do more. In any case it seems like most of the people here would rather scream 'scam' than are really interested or able to do any real estate trades. That's fine with me. We will move on to other opportunities.
It would have been better if you have hired a well-known account to post on this forum, in that way many people seeing this king of post would feel that you are more trustworthy. There are many scammers lurking in this forum, not that i am saying that you are one. This is just a friendly advise. Thank you.
I am a private party who owns multiple luxury properties ($1M-6.5M) on the West Coast of the US. We have serious income generating commercial properties as well. We have done multiple BTC real estate transactions with BTC owners who wanted/needed privacy. We are capable of doing this (given the current regs as a private party we are not under the same KYC requirements as brokers or trading companies).
A bit short for a portfolio. Still can be classified as shady.
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If you have BTC and have found it difficult to move that investment into USD/real property we can assist.
Feel free to contact me and we can discuss your needs.
Please note this is not an offer to do anything illegal. We offer an above board solution to this difficult situation.
Feel free to contact me and we can discuss your needs.
Please note this is not an offer to do anything illegal. We offer an above board solution to this difficult situation.
Now this is annoying.
It is like you are screaming out "GIVE AS BTC or HAND IT OVER."
Saying something that it is not illegal make me think that it is
So red flags all over the place.
I think no one should trust anyone who will post like this.
I think that large stakeholders would be better off getting an OTC deal with an exchange so they can get FIAT for their coin. Why would anyone trust OP?
They can and should absolutely do that if they want and are able to handle the KYC and compliance and regulatory hurdles. In my experience there are many, many BTC 'millionaires' who are unable or unwilling to meet compliance requirements...some of them don't even have bank accounts. Not a single large trading company is going to open a trade with them. But yes bottom line is if they can do this - it's the best way. If they can't - I offer a viable alternative.
I think that large stakeholders would be better off getting an OTC deal with an exchange so they can get FIAT for their coin. Why would anyone trust OP?
The Buyer does NOT cash in their BTC to FIAT. If they did that the trade and subsequent cash amount would be reported
Exchanging BTC for something else is a disposal and it's taxable if there's a big enough difference between what I paid for the BTC and what I receive in value for it.
The tax man don't give a shit if no USD changed hands. Value did and your gain is taxable in USD. This is as basic as it gets.
I assumed you handled some sort of OTC sale at which point realising the USD for tax would've been glued on.
I'm not a tax attorney nor CPA. Nor am I anyone's babysitter. What they do is up to them. I'm merely conveying that in the scenario given the Seller's trades are reported (trades can be done on multiple trading platforms). Since the buyer trades BTC directly to Seller - that trade is not reported (under current regs). Whether they voluntarily report it is up to the Buyer and their tax professionals to determine as well as the amount of any gain or not. It is certainly not for the Seller to determine what the cost basis is for the Buyers coins. Nor should it be. For instance if the buyer actively traded coins - some of theirs may be traded at a loss and some at a gain, some depending on the trade may be neutral. That is up to the buyer to report or not as they wish.
The Buyer does NOT cash in their BTC to FIAT. If they did that the trade and subsequent cash amount would be reported
Exchanging BTC for something else is a disposal and it's taxable if there's a big enough difference between what I paid for the BTC and what I receive in value for it.
The tax man don't give a shit if no USD changed hands. Value did and your gain is taxable in USD. This is as basic as it gets.
I assumed you handled some sort of OTC sale at which point realising the USD for tax would've been glued on.
Do you handle all the capital gains hassle too? That would sell it to me. Buying a property would necessitate selling off a lump to pay tax which leaves you with the same old cashing out hassle.
You should offer cashback for the tax part.
You should offer cashback for the tax part.
I understand that there may or may not be capital gains done on a trade for property depending on the cost basis. However, UNLIKE an escrow company a private party is not required (nor am I your conscience) to establish what taxes are due nor file any paperwork with the authorities for the trade. An escrow company has to establish who you are, where the funds came from AND turn in a report at the end of the year showing the transaction. A private party does not have to do any of this. A SELLER of real property would report their gains on the real estate (if any) but they do not have to report receiving the BTC from the buyer. Those are the current regs. Thus what the Buyer decides to report and and at what basis....or not is up to them. Again the Seller must take the BTC as trade NOT the cash. The Buyer does NOT cash in their BTC to FIAT. If they did that the trade and subsequent cash amount would be reported (Note that ability to do a large trade to FIAT is a whole other problem given KYC and compliance.). The Seller must do the trades. The sale of the BTC and the use of those funds show up under the Sellers name not the Buyers. Feel free to private message me and I can give you the details.
I do not advise to trust such newcomers. Cryptocurrencies are very hard to track. Trusting this asset to people without a positive credit history is unwise. More of you offered to put cryptocurrency into your business those who have trouble cashing. It's like a money-laundering proposal. I don't trust you.
There are plenty of scams out there but a true interested buyer will do their own due diligence. They or their attorney can verify who we are and what we own prior to any deal and all trades are done in person or at the buyers attorneys or representatives location. Remember that we (the seller) are not concerned about the privacy aspects. Our side of the deal is transparent to all governing authorities. We can clearly demonstrate how the process works and the end result. This is not an offer for money laundering. That is illegal. What we offer is a way to comply with current regs while maintaining the buyers privacy and trading BTC for real property. It's not that difficult.
Okay lets say you do have a recent transaction with someone on where you would really need to meet it up yet he do likes to own property by means on directly paying up bitcoin but the question on my mind on how you would able to make such documentations where you would really need to declare on the amounts given up legally? Dont say that transactions would happen between you and the possible buyer is thru online which is actually a very dumb thing to do.
I'm not sure I understand your question. I don't need any documentation from the buyer. As a private party I am not required to follow KYC. As the seller we provide proof of ownership of the property and a current title report. We record the deed after the btc is transferred which as mentioned prior is usually done in person or at an attorney's office (or other trusted party). The ENTIRE transaction is transparent with the buyer or their rep. seeing everything in real time as it happens. Prior to that we share who will establish who we are and that we are identifiable owners of the real estate we are selling. The buyer can also hire someone to verify that - they can even purchase a title report on the property in question (that can be done by an attorney or other agent without KYC requirements).
Do you handle all the capital gains hassle too? That would sell it to me. Buying a property would necessitate selling off a lump to pay tax which leaves you with the same old cashing out hassle.
You should offer cashback for the tax part.
You should offer cashback for the tax part.
I do not advise to trust such newcomers. Cryptocurrencies are very hard to track. Trusting this asset to people without a positive credit history is unwise. More of you offered to put cryptocurrency into your business those who have trouble cashing. It's like a money-laundering proposal. I don't trust you.
There are plenty of scams out there but a true interested buyer will do their own due diligence. They or their attorney can verify who we are and what we own prior to any deal and all trades are done in person or at the buyers attorneys or representatives location. Remember that we (the seller) are not concerned about the privacy aspects. Our side of the deal is transparent to all governing authorities. We can clearly demonstrate how the process works and the end result. This is not an offer for money laundering. That is illegal. What we offer is a way to comply with current regs while maintaining the buyers privacy and trading BTC for real property. It's not that difficult.
Okay lets say you do have a recent transaction with someone on where you would really need to meet it up yet he do likes to own property by means on directly paying up bitcoin but the question on my mind on how you would able to make such documentations where you would really need to declare on the amounts given up legally? Dont say that transactions would happen between you and the possible buyer is thru online which is actually a very dumb thing to do.
So, how does this work? Is the transaction done and legally written using bitcoin or do you exchange bitcoin into fiat to pay the seller?
Don, if you would send me a private message I can provide full detail of how a transaction would work.
I do not advise to trust such newcomers. Cryptocurrencies are very hard to track. Trusting this asset to people without a positive credit history is unwise. More of you offered to put cryptocurrency into your business those who have trouble cashing. It's like a money-laundering proposal. I don't trust you.
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There are plenty of scams out there but a true interested buyer will do their own due diligence. They or their attorney can verify who we are and what we own prior to any deal and all trades are done in person or at the buyers attorneys or representatives location. Remember that we (the seller) are not concerned about the privacy aspects. Our side of the deal is transparent to all governing authorities. We can clearly demonstrate how the process works and the end result. This is not an offer for money laundering. That is illegal. What we offer is a way to comply with current regs while maintaining the buyers privacy and trading BTC for real property. It's not that difficult.
[/quot
There are plenty of scams out there but a true interested buyer will do their own due diligence. They or their attorney can verify who we are and what we own prior to any deal and all trades are done in person or at the buyers attorneys or representatives location. Remember that we (the seller) are not concerned about the privacy aspects. Our side of the deal is transparent to all governing authorities. We can clearly demonstrate how the process works and the end result. This is not an offer for money laundering. That is illegal. What we offer is a way to comply with current regs while maintaining the buyers privacy and trading BTC for real property. It's not that difficult.
So, how does this work? Is the transaction done and legally written using bitcoin or do you exchange bitcoin into fiat to pay the seller?
Contract to purchase is done in both BTC and Fiat. After contract is done, Buyer transfers BTC to Seller (this is usually done in person or with the Buyers representatives or attorney present). The trades are then executed (also while physically in the same room) in sellers name and trading account(s). If the buyer wants to remain private he cannot exchange the BTC as this will trigger a reporting event esp in large amounts. Feel free to contact me directly for more details.
I do not advise to trust such newcomers. Cryptocurrencies are very hard to track. Trusting this asset to people without a positive credit history is unwise. More of you offered to put cryptocurrency into your business those who have trouble cashing. It's like a money-laundering proposal. I don't trust you.
With your newbie account and uninteresting way of posting,, most members in this forum find this as one of a hell a possible scamming act.. Better do it professionally because as you mention that it involved a million of dollars in this deal or offer.. As an advisor a good running website and handful of legal document link is more of an interest booster..
Do it perfectly buyable in a noticeable manner..
Do it perfectly buyable in a noticeable manner..
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So, how does this work? Is the transaction done and legally written using bitcoin or do you exchange bitcoin into fiat to pay the seller?
I'm still quite confused with it but I understood some of the parts of it.
With the bolded words that's enough for me to understand how its working.
So unfortunately, I cannot provide the privileged information but if someone wants to do a deal I can clearly explain the process. I again note that we follow the law, its just that the regulations for a private sale are VERY different that using a broker/escrow type of sale.
It's okay if you can't provide information with what I'm asking, I'm just trying if its possible but what's important is I appreciated your reply to what I want to know.With the bolded words that's enough for me to understand how its working.
I should also note that once the buyer owns the property - they can do whatever they want with it - including borrow against it, sell it again or rent it. The funds at that point are in the 'real world' and can be used in whatever way the new owner sees fit.
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