Tokenization of purchase agreement for Fix and Flip financing

Tokenization of purchase agreement for Fix and Flip financing

Member since 2019 · 5 posts · 0 votes

Hello there, I'm new to the concept of the blockchain technology, I've always known if it's existence because of my Bitcoin Investing. Recently I've joined up with a Meetup group called taking estate and blockchain there's a meeting this Saturday @ 5pm in Orlando FL (if your in Orlando your more than welcome). I joined up purely it off curiosity and optimism, I've heard of smart contracts lightly before. I never really looked into it until recently, when I began asking if I can tokenize a purchase agreement for for funding the down payment and carrying cost for a hard money loan, also would a hard money lender even accept such a situation? I only have about a day and a half of research into this so I don't know any facts, but I want to educate myself into this more to be more prepared for my meeting this weekend.

0Reply
12 views

1 Reply

Jump to latestLatest
  • Attorney · Los Angeles, CA · Member since 2016 · 284 posts · 314 votes
    7y

    The industry is not quite there yet and likely the transactional costs will not make it worth it. Its very expensive to tokenize right now.

Join the conversationCreate a free account to reply, vote on answers and follow this thread.