All Forum Posts by: Vidar K.

I do agree, but here are my few cents in the discussion. Depending on the floor-plan you could try renting out single rooms instead of the whole flat. Getting rooms rented in a shared flat should be easy peasy in Minneapolis i imagine. 

Why do this, since it will be more work? 

Well, in Europe it's very common to share flats with strangers. Students do this all the time. It is much cheaper to rent a room than to rent a full apartment. Plus it's more social. Sure you'll  get more turnover, but if you do this right you make the tenants do most of the work for you. As long as the first tenants you rent out to are good, honest people, they will in turn rent out to good, honest people when they move out. 

If you keep the prices for room-rent fairly low it will become an attractive place to rent, so you will not have to do anything except pay bills and maintenance (which tenants will also administer). 

Yes it's a bit stressful but it's totally doable. You'll probably get much better paid than you are now. 

But honestly I would also sell. Anyway if I were you I'd think of this setup next time, buy a house with many rooms or possibility of dividing rooms, and rent out individual rooms. then at least you won't be met with the whole apartment trashed, and you'll get several smaller cash-flows so you're not so vulnerable when tenants move. 

Good luck :) 

Sure, I will also rebalance back into more real-estate during/after the next bull-run, if my trading goes ok, but that will probably be a couple of years from now. I agree with looking at top 10-15, or buy C20 for instance. 

BTW I have done this, and it's totally possible. Depending on the area you may be able to get a nice extra income while paying mortgage etc in full. But it will have it's downsides, amongst others being the landlord means you may feel a bit left out from the group, kind of like how a boss may experience not being a complete insider.  

It's definitely risky...! But there is no doubt about the need for a decentralized currency. No money-printing, can be used by whoever holds it. Can't be frozen by governments etc.

If we look at markets in general they usually ebb and flow, it either trends or fluctuates between values. I believe Bitcoin is near the low of a downwards trend and that it has turned. It's going back down, sure, within some months, but I think we're over the worst decline. 

Crypto is considered a commodity now, but the verdict is still out on what it can really compare to is it most like gold, store of value? Or is it a currency like USD, just without the risk of inflation? Or is it the beginning of something completely different? A new asset-class? I'm pretty sure it's the last one, many of the worlds most intelligent people go to crypto. Why would the most intelligent of us go to some nonsense currency without future value? 

I talk about Bitcoin because it is the first mover and everything else in the space is measured against Bitcoin. Bitcoin has been proven to be secure and in it for the long run. I was once a naysayer who believed Bitcoin was scam and had no value. My mind has changed. 

The tech is perfect for real-estate (was a broker for a few years myself), but half the industry may disappear when blockchain is mature enough for title-transfers etc. 

I personally believe it is the opportunity of a life-time. The tech has been proven, institutions on the move. Unless the big guys decide to keep crypto down because it could ba e threat to the rest of the economy, chances are they will push the price up to the levels where institutions can play like they normally do. At the current market-cap Bitcoin etc is too small. But it's the perfect asset-class for manipulation (which happens in all markets). 

Hope for more discussion!

Seems to have been a good call. 

So... I have been following the Bitcoin-market since the bullrun when I lost a for me substantial amount of money. 

Since then i have also realised that cryptocurrencies and stocks can be traded with the help of technical analysis. Yes I know, some people dismiss it before they read the whole sentence. And some people surely will dismiss anything related to cryptocurrencies without having much knowledge about the matter. 

Anyway. I think it is time to talk about Bitcoin vs Real Estate, the way the markets are right now. If we stand in front of a stock-decline, what then with real estate? And what with Bitcoin? 

I personally think Bitcoin will do good the coming years so I'm actually contemplating selling some real estate to buy Bitcoin. 

Anyone else have the same thought? Am I crazy to think like this? Clearly a bit crazy but since I don't have family-obligations maybe this is the time to take the leap. 

This may be a bit on the side of what you're asking but If you have some capital to get a mortgage and purchase a house when studying, you can rent out rooms to other students. Buy as big as you can afford. If the house has several living-rooms divide them into several rooms. Depends on the prices in the area offcourse, but you'll learn a lot and can build from there. Anyway  - good luck I just became a member and saw your post.