Goal
- My goal is to become the tool people use to tokenize their luxury real estate, they just happen to live in, and possibly intend to leave to their heirs. By using tokeniziation of a real world asset, real estate, to get at the equity, without selling, or taking out a mortagage with a mortgage payment.
KISS keep it simple s...
- Find the deals; my hook will be unlocking equity in your home, without a mortgage and thus without a mortgage payment.
- Many boomers and other people are house rich and cash poor.
- they have a plan to leave their kids life insurance proceeds and a house, a family home usually, and possibly some other rental real estate, when they die.
- But the problem is their children need the money now.
The world is a mess...
- Look at the world, wages and the cost of living are out of whack, so it would be nice if you could borrow against the equity in your house in pay it back later, 5, 10, 15 or more years.
- Tokenization allows you to sell a portion of your home, to people, who become your partners, and they share in the appreciation. So when the home is sold they make money.
- Real estate is very valuable, but not very liquid, meaning it's hard to spend real estate and hard to get loans, compared to other liquid assets.
- Even if you don't have kids to give money too, you might want to take money out for you to live better during your golden years, but your don't want a mortage and you don't want to be homeless.
- This is sort of a real estate shared appreciation loan, without the monthly payments.
- Other things like shared tax deductions can be explored and negotiated, as this is a contract...
Tokenization of real world assets is taking place as we speak...
- with Blackrocks tokenization of US treasury bills being the most public example, but others exist, homes, hotels, resort renovations, ...the sky is the limit.
real estate equity fund, several million dollars worth of luury real estate
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#hive #posh
Thank you
Welcome
I like your idea very much because even here in our country now people don't have money to pay house rent if we keep making things easier for each other like this then life will be easy and beautiful. Helping each other is the real purpose of life.
Thank you for the encouragement.
I hope it is a good idea for our times.
I will keep posting.
I like the angle on this idea...and it can be reproduced many places. If only you could build it on Hive...
I may yet do so...
First I need to understand how it is built, build it an then consider building it or replicating it..
Thanks
Good Luck Man, build it and they will come
I hope you are right
Thanks
Pursue your dreams and know that I believe in you.
Thank you.
:)