All Forum Posts by: Seth Gerber

There are already home loans and mortgages that being denominated in BTC. Wealthy crypto investors can also loan against their bitcoins in USD. I know Blockfi offers this service. Some people also think that block chain technology will also be used for smart contracts which would help add transparency and efficiency to the home buying process. We will only see more influence with bitcoin and other technologies in this space 

Great advice. My gut was telling me not to allow this for sure. 

I am making an offer on a property with a unique situation. The previous owner was related to the tenants in a two family home. The landlord would charge $2,250 per unit and then pay back $250 per month to the tenant as an allowance towards utilities. The tenant would also do all of the maintenance on the property. The current tenants are at will but want to sign a lease with this arrangement for 5 year term. I am very interested in the proposition as these rent levels would yield almost 20% cash on cash return for the property and potentially guarantee me rent with no vacancy for 5 years. On the downside, I am concerned about having the tenant essentially become the property manager. Are they qualified to do repairs? Are they going to ruin my house and cause long term problems? 

I am not sure how I can structure the lease to protect me from downside here. Any thoughts from experienced landlords?

@Maryann L.

Very interested. Message me with some details