It is still viable if you pair it with other strategies.

I usually take some of the recycled capital and buy a note to pair it with. 

.- Tax Benefits & Currency Arbitrage: Some overseas markets offer better cash flow, tax incentives, and lower property costs compared to the U.S.How You Could Structure It- Create a Private Syndicate or Real Estate Fund: Raise capital from U.S. military, contractors, and government workers to invest in properties near U.S. bases overseas.- Focus on Key Military & Expat Cities: Target locations like Ramstein, Wiesbaden, Rota, Naples, Seoul, or Yokosuka, where thousands of U.S. personnel need housing.- Offer Fractional Ownership or Managed Rentals: Investors own a share of multiple properties while you handle property management.- Leverage Serviced Housing & Co-Living Models: High-end, furnished rentals for military professionals, digital nomads, and traveling contractors.Example Strategy- Raise $1M from 10-20 investors (military/gov personnel) to buy 3-5 properties in Germany or Spain.- Use seller financing & local bank loans to maximize purchasing power.- Rent properties to military families, U.S. contractors, or co-living tenants for stable cash flow.- Utilize local tax incentives and investment visas to increase ROI.Why This Could Be a Billion-Dollar Play- Solves a real problem for U.S. military/gov professionals looking to invest overseas.- Provides stable, built-in demand (military personnel have guaranteed salaries & housing stipends).- Creates an alternative wealth-building strategy for a niche group of investors.- More scalable than traditional rentals.

He was new in town, culd not afford nice all on his own, needed a roommate and this type of real pairs people up.

Just because someone throws the words tokenization or crypto onto something means nothing to me, doesn't make it anything special because of what form the currency is. 

Note this calculation gets worse if you recognize the declining value of currency.  

This will happen in a market with balanced supply and demand, in a monetary system like the US, with fiat currency targeting 2% inflation.- In some markets, that are growing quickly, with great jobs and lots of inbound migration, this could be a little higher - like 4-5% per year over long time periods as demand outpaces supply.

Pair the deal with a cash flowing instrument like a tbill, mortgage note, or some other form of fixed income to help yield too.

It’s a business oriented mentorship but the man I was paired with was well versed in all aspects of real estate investing and development.

Now with the resulting inflation it would cause people would move to crypto currencies.