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Updated about 3 years ago on . Most recent reply

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Anthony Testino
  • Developer
  • Philadelphia, PA
21
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35
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Flipping with Bitcoin

Anthony Testino
  • Developer
  • Philadelphia, PA
Posted

Legal and illegal money. Where do we draw the line or where should the line be drawn for us? I have plenty of friends using money to fund their projects and really, have no idea where the funds are coming from. Lenders say they do this and do that for a living but at the end of the day, cold hard cash is cold hard cash, is there a cold hard end? Funding projects with Bitcoin, now trending and if you aren't on board than your drowning. Who here has invested with an online currency and is it the future of flipping?

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17,995
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J Scott
  • Investor
  • Sarasota, FL
17,199
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17,995
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied

Are you suggesting that people should evade taxes by buying property with crytpo?

As someone who has done tens of millions of dollars worth of real estate deals and millions of dollars worth of crypto investing, I see no good reason to combine the two at this point in time, unless the goal is to commit federal tax crimes.  And I can't speak for others, but that's not one of my goals...

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