Buying & Selling Real Estate Discussion

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Trish Wilson
  • Realtor
  • Idaho
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Investing on real estate using crypto currencies

Trish Wilson
  • Realtor
  • Idaho
Posted Jul 21 2022, 14:45

Is there anyone who has done real estate investing using cryptocurrencies? Please share here if there is anyone here in Idaho who has done that or even if you are from another State. Thank you!

TW

Boise, Idaho

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Scott Trench
  • President of BiggerPockets
  • Denver, CO
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Scott Trench
  • President of BiggerPockets
  • Denver, CO
Replied Jul 21 2022, 14:54
Quote from @Trish Wilson:

Is there anyone who has done real estate investing using cryptocurrencies? Please share here if there is anyone here in Idaho who has done that or even if you are from another State. Thank you!

TW

I say this a bit tongue in cheek. But here’s how I would invest in real estate using cryptocurrency:

First, I’d convert my cryptocurrency to cash, by selling 100% of it.

Then, I’d pay taxes on the gains, or more likely, claim a large loss.

Last, I’d then use my cash to purchase real estate. 

:)

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Trish Wilson
  • Realtor
  • Idaho
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Trish Wilson
  • Realtor
  • Idaho
Replied Jul 21 2022, 15:03

Thank you, Scott. What if the investor is from another country? Am I correct to presume that the funds will simply be wire transferred? How do we go about going through AMLA? How can we be sure that the money being used is not from money laundering?