All Forum Posts by: Dan Huang

 @Dylan Barnard do you still stand by your statement above? I think you misunderstood the technology, just like the boomers who misunderstood "internet".

Cryptocurrencies, be it Cardano, Rippple, Litecoin, whatever... are all just "startups" leveraging blockchain technology. And just like startups, 99% of these projects will fail. But that doesn't mean these projects have no value - they've paved the way for improved technology... from Smart Contracts to Tokenization to Staking. 

In many ways, investing in crypto assets has proven to be a safer bet than the dollar, which as of writing this post, loses 1% in value every 30 days - how's that for dumb money? 

Blockchain can't be hacked @Eric James - centralized exchanges on the hand, can be hacked. What's your definition of getting "ripped off"? Are you referring to investors making bad investments in meme coins?

@Tyler Sweet I am a firm believer in the disruptive value of blockchain technology and decentralization, and a crypto-friendly realtor in Las Vegas. 

The process of buying real estate with crypto through a private seller will vary from seller to seller. Some may be comfortable with 100% crypto transactions, while others could opt for a split between cryptocurrency and cash.

For sellers unwilling to receive cryptocurrency directly, the digital asset will be converted to dollars to complete the transaction.

There are many ways a buyer can use crypto to make a purchase:

The simplest way is a Crypto to Crypto transaction, as long as the seller accepts cryptocurrencies as payment. This is not the norm right now, but I do believe over the next several years, we will see more sellers accepting this asset due to its potential and hedge against the deflating dollar. 

That said, most transactions will be part crypto, part cash. I'm partnered with an escrow agency that accepts crypto and is familiar with handling the asset. The crypto can be considered as EMD or down payment, the rest of the transaction will happen just as if you were running a traditional transaction.

If a seller is completely against the idea of receiving crypto, you can always use a service like Bitpay to convert the cryptocurrency to cash.

Last but not least, I always ask clients... why sell your crypto asset when you use it to secure a loan? Crypto is a volatile asset, but the rewards are magnitudes higher than any other traditional investment. It's an asset that will continue to grow as more and more people and institutions begin to adopt it as a safer hedge against inflation than precious metals. 

There are services like Blockfi, Unchained Capital, and many others will will give you a short-term loan backed by your crypto assets. Use this as a way to secure downpayment, then refinance and pay back the loan to secure your cryptocurrency.

That said however, I think real estate investing is going to change dramatically over the next several years, largely due to smart contracts and tokenization. The idea of ownership is changing with the emergence of web3.0 :)

Just my 2 cents, not financial advice. Do your own research, but happy to connect and chat further. 

@Bryan Campbell I see a lot of responses here that are a bit outdated. There are thousands of cryptocurrencies coming into the market every day - the truth is many of these coins or projects as I like to refer to them will fail, just like 99% of startups fail.

That said, however, the revolutionary idea behind crypto is the blockchain, and that, my friend, will change the world and how people perceive, store, and transfer ownership. Real estate is one of the largest industries ripe for disruption in a blockchain-enabled world. 

What is blockchain? It's a distributed, public ledger that tracks transactions over the network. And because it is a distributed ledger, it's un-hackable, unlike centralized ledgers (think banks or centralized data centers) because it would be impossible to attach every single node at the same time. Furthermore, the blockchain makes it possible to remove third-party intermediaries who essentially are there to guarantee that a transaction has indeed occurred, and there by adding unnecessary costs to the transaction. 

Blockchain technology, such as smart contracts, tokenizations, nfts will enable people to bank themselves without intermediaries because instead of a centralized system that is based on trusted third parties, we move to a decentralized system based on truth. verifiable truth.

So no, @Omar Khan, your analogy to tulip mania is wrong. Blockchain is a revolutionary technology that should you choose to ignore, you will be left behind just like the boomers who chose to ignore the Internet fad. ;)

@Joshua Smith check out services like Unchained Capital and Blockfi - you can secure short-term loans collateralized by crypto, use it for a downpayment, refinance and pay back the loan. 

@Victor A jimenez I'm a crypto-friendly realtor based out in Vegas - love to connect! The process of buying real estate with crypto through a private seller will vary from seller to seller. Some may be comfortable with 100% crypto transactions, while others could opt for a split between cryptocurrency and cash.

For sellers unwilling to receive cryptocurrency directly, the digital asset will be converted to dollars to complete the transaction.

Once terms and contingencies have been agreed to by the buyer and seller, the transaction process is the same, except that you'll need to work with an escrow service that is willing to or has experience handling cryptocurrencies. 

For transactions requiring conversions, there are services like Bitpay, that can be used to convert the crypto to cash.

Hi Noah, 

I operate a small real estate fund and keep funds in Blockfi where they earn interest. You can get a loan with crypto collateral, but as you are already aware, short loan terms. I do believe this will change cryptocurrencies over the next few years, I'm already seeing mortgage lenders who are willing to consider your crypto assets.

Check out https://unchained.com/they are a crypto finance company that does crypto-backed loans.

Hey BP, I'm a wholesaler/investor out of Las Vegas, would love to get some recommendations on investor-friendly title companies out here.