RealtyShares Enables Crowdfunded Property Investment With Bitcoin
Crowdfunding real estate venture RealtyShares is now taking bitcoin-based investments. The site, founded in June last year, enables small investors to get into real estate by pooling their money with others. The crowdfunding investments include family homes, commercial properties, and apartment complexes. Each property is purchased under a separate limited company (LLC), and investors in the property are given a share of the rent on a monthly or quarterly basis, based on their investment. When the property is sold, they are also awarded a share of that profit. CEO Nav Athwal said that the....
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RealtyShares, a company in San Francisco, was the first realty company to acceptBitcoin as payment for both purchases andinvestments in the real estate market. The company was started up in February and was the first of its kind to accept Bitcoin as payment. More companies picked up on this, and now a major sale has taken place. Just recently, a huge transaction for a tropical Villa in Indonesia took place. The transaction was valued at over $500,000 worth of Bitcoin, though the total amount is unknown. The property sold was part of thedelMango Villa Estate, and were considered under....
Crypto adoption in the real estate market could see fractional property ownership becoming more popular. Fractional ownership of buildings and property developments is becoming one of the adoption areas for blockchain technology in the real estate business. From democratizing access to real estate investment to improving liquidity in the market, there is an argument to be made for tokenization being a net positive for the real estate space.Tokenization via fractional real estate investment is also another example of the emerging “sharing economy” that seems to be encouraging crowdfunded....
Brelion, a real estate crowdfunding website, is allowing investors to use bitcoin to invest in real estate, making it the first company to offer such an investment option, according to the company. Brelion vets projects from small to mid-sized renovation companies. Investors can create an account, undergo accreditation, explore pre-vetted investment opportunities and pledge an investment. Minimum investment can be as low as $1,000. First Property Purchased. The first property is a four bedroom, 1.5 bath residence bought for approximately 30.83 XBT (bitcoin/U.S. dollar), with renovations....
There is no shortage of investment opportunities in the world of Bitcoin and digital currency. Every opportunity has to be weighed carefully, though, as there are always advantages and disadvantages to each investment. The most important aspect is ensuring the investment starts paying itself back sooner rather than later. A new commercial property....
After claiming he’d filed formal complaints with the FBI, the man who alleged that Ethereum is his stolen intellectual property says he is making his first attempt to contact the media about the theft. Although Vitalik Buterin is the identified brain behind the Ethereum project which has gained notoriety especially for its smart contract feature, Jared Mimms claims that Buterin stole his idea. Mimms’ claim. In an email to CoinTelegraph on July 9, Mimms states: “Ethereum is intellectual property stolen from me. I filed analogous property with Omega Genomics. Vitalik Buterin saw my company....